User Panel
User Panel
User Panel
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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? 
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Posted: 8/31/2005 3:47:17 PM EDT
[#1]
Temporary blip. The sky fell in NOLA, not everywhere else and this is a big country.
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Posted: 8/31/2005 3:49:43 PM EDT
[#2]
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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