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9/22/2017 12:11:25 AM
Posted: 8/31/2005 3:46:15 PM EDT
Gasoline prices above $3.00 gallon and possibly higher may cause inflation as experinced in the early 1980s. This may cause long-term interest rates to increase significantly. If that happens, goodbye housing market as nobody will be able to afford housing in this country at interest rates over 7 to 7.5%.

Anybody else see this trainwreck coming?
Link Posted: 8/31/2005 3:47:17 PM EDT
Link Posted: 8/31/2005 3:49:43 PM EDT
A possibility. We'll see how long the fuel prices stay up.

Another possibility is that people stop buying consumer items when the prices go up leading to a recession even when the fuel prices come back down.
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