How has the price of gasoline affected your purchasing power in other areas? How has it affected prices.
Again, watch the video. Wall Street was banking (literally?) on those high prices to keep them going. It’s not about resource depletion. It is about speculation and a desperate attempt to keep living large. Now that gas prices are falling, suddenly our Goldman-Sachs-ruling-class is sad.
Well, boo hoo.
It is also incredible to hear interest rates touted as the key to affordable housing. No. Duh. Lower prices is the key to affordable housing.
For all the talk about the “business cycle” everyone is acting like there is some way to keep inflating the bubble. That is far scarier than a mere recession.