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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 (71393)	10/8/2006 12:27:43 PM
From: mishedlo	Respond to of 110194

<On that basis it is nonsense to suggest gasoline should be lower because of personal consumption.> About 3% of DPI, gasoline price impact is actually a bit overrated. idorfman.com; Russ the debate is the weighting of gasoline prices in the Goldman commodities index based on % of personal income. It is not a valid comparison to drop the % of gasoline in the Goldman index to 3% based on % of personal income. That is what I thought you were saying. Somehow I looked at the above chart and thought someone was using that chart to drop the weighting of gasoline in the commodities index. Since you were not saying that, I apologize for the confusion. I still think that that gasoline weighting reduction in the index by amount and timing "smells". If I am not mistaken we are actually on the same page. Mish