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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (11509)	4/8/2004 11:50:54 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

thanks for the explanation of your numbers--i got confused because i was thinking of 70 cents gas hike as 0.7% increase (duh!). Think that 3% of consumption diverted to food and energy sort of answers your question and i guess there are services which will be affected, such as the 26% hike in NYC taxi fares reflecting the gas hikes. so out of $6.5 trillion, you have so far only talked about $900 billion, but of course there are hikes elsewhere as well. i just got my 6-month auto insurance bill; up 10% from the previous six months, which was also up about 10%. in fact, the insurer has tried to hide these increases by switching to semi-annual billing. they used to send me a bill once a year but switched to twice yearly now that they are jacking up the prices. just like all the canned goods which are now being packaged in slightly smaller containers for the same price. of course health care insurance is the same. and the dire fiscal situation of municipalities is not an omen of future tax relief there either. so maybe, conservatively, there could be another 2% "subsistence" tax added to your 3%. 5% total. i wonder how people will make ends meet in this low wage inflation environment. sounds like a good issue for the Dems to crow about and turn into an election issue.