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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (28729)	4/27/2005 8:49:51 PM
From: Think4Yourself	Respond to of 116555

"the other day I heard on the radio, a talking head said the US consumers will not change their pattern of consuming gas until the gas price goes to $5/gallon" It's not true. GM's truck sales dropped off a cliff but car sales have picked up substantially, and with the smaller engines.

To: RealMuLan who wrote (28729)	4/27/2005 10:29:10 PM
From: Earlie	Read Replies (4) \| Respond to of 116555

Real: Nope. I'm certainly no expert and I know there are others on this board who are, so I hope they chime in on this topic. My sense is that most N. Americans are quite sensitive to fuel prices. As a result, I think we see changes in automobile buying preferences long before $5.... in fact, the current elevated prices seem to be having impact... not a ground swell yet, but auto retailers are already noticing a heightened interest in fuel efficient cars. We shall see. Best, Earlie