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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (382779)5/6/2008 8:46:11 AM
From: michael97123  Read Replies (2) | Respond to of 1575598
 
Truth is $4 gas aint that expensive. I remember as a kid, gas was typically 30-40 cents. So now lets hope its 3-4 dollars. I am thinking 1960 as the base. So its 10X more than now. How much has inflation been over the last almost 50 years? Bet it isnt that much different. I bought a care in 64 for $2,000 bucks. Same care would be about $20K today. A hot dog was 20 cents, a slice of pizza 15 cents. I would think gas is a bit more than inflation but now add back fuel efficience. My car in 1960 got 10 mph, my current one lets be conservative and say 20. Truth is that oil was lower for all those years. It now marks itself to the rest of commodities and inversely to the dollar.



To: Road Walker who wrote (382779)5/6/2008 11:16:33 AM
From: i-node  Read Replies (1) | Respond to of 1575598
 
And we are more vulnerable now than we were then, when we produced almost 70% of our own oil.

To be honest, I don't get too concerned about the economy. It does what it does, economic cycles happen, and there isn't much anyone can do about it.

I do think the trade deficit is a gathering storm, but we are not critical yet.


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