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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (71883)10/13/2006 1:05:59 PM
From: Silver Super Bull  Read Replies (1) of 110194
 
RW,

RE: "15% lower gasoline prices add about 0.5% to DPI. That's just not enough to explain a 8.3% restaurant increase. If that's what folks did, they simply don't have the income to even come close paying for for it, just based on gasoline savings."

Yes, it may only add .5% to DPI but as you well know the average consumer has shown a disconnect with prudent personal finance for years now.

The reason I say "just based on gasoline savings" is that I see no other fundamental factor that would justify an increased level of euphoria by consumers.

SSB
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