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

To: Oblivious who wrote (71370)	10/7/2006 9:44:07 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

About 3% of DPI, gasoline price impact is actually a bit overrated. idorfman.com

To: Oblivious who wrote (71370)	10/7/2006 10:44:23 PM
From: mishedlo	Respond to of 110194

Is that a valid question? What is the per capita consumption on houses? Is a house a commodity? I think not. As for average consumption of PURE commodities, gasoline and NG have to be at the TOP of the list. Where is copper? Where is lead? Heck sugar and beef should probably be higher. Certainly Corn. But the question "per capita consumption of gasoline? It is closer to 2.3 % of their budgets" is INVALID. The correct question is what is the per capita consumption of gasoline compared to other commodities. Then again, is gasoline even a commodity at all. If we go back to the base it perhaps should be crude, except that gasoline does have commodity futures. In that sense does indeed belong. Indeed As for "per capita consumer spending" gasoline should be HIGHER than crude. Sort this all out for me as I am just typing off the top of my head. Mish