From the Financial Times:
Soaring oil prices risk recession
http://www.ft.com/cms/s/0/ff0abf58-750d-11e1-a98b-00144feab49a.html?ftcamp=published_links%2Frss%2Fhome_us%2Ffeed%2F%2Fproduct
But how many gallons of gas do folks use per month? And consider that interest rates have dropped considerably so people may have lower monthly house mortgage payments, equity lines of credit, and credit card bills. Many cars have been sold at near 0% loans, and folks are buying cars with higher fuel efficiency.
Soaring oil prices risk recession
http://www.ft.com/cms/s/0/ff0abf58-750d-11e1-a98b-00144feab49a.html?ftcamp=published_links%2Frss%2Fhome_us%2Ffeed%2F%2Fproduct
But how many gallons of gas do folks use per month? And consider that interest rates have dropped considerably so people may have lower monthly house mortgage payments, equity lines of credit, and credit card bills. Many cars have been sold at near 0% loans, and folks are buying cars with higher fuel efficiency.
So, will higher oil prices impact people now the same way as in 2008?
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Sent from Zite personalized magazine iPad app.
Available for free in the App Store.
www.zite.com