Will rising gas prices completely kill the already weak economy?

[olias]

Quote from pupu:

Cost of goods is no longer relevant

Nothing can beat the fed presses:

1. The one claiming no inflation

2 The one claiming dropping unemployment

3. The one printing trillions

and if prices goes up it's just growth and increased GDP=more reason for endless rallies, cheers and high fives between the Beard and oDumbo.

who's claiming 'no inflation'? cite your source

 

[latinotrader]

Quote from S2007S:

Lexus Jeep??

You mean the GX 470 or the LX 470???

Plus why was she screaming, those suvs go for $65k++++ I think she can afford to fill the tank.

Those are extremely high gas guzzlers....

It probably wasnt the RX...

Yesterday saw a gm truck fill up, cost was around $70.00 and that did NOT include full service where they check your oil and clean your windows....

Of course she didn't have the $65k
She pretends to pay the installments

 

[misterno]

I also remember that when gas hit $4.25/gal in Houston. I was seeing trucks for sale in craigslist for like dirt cheap

I am sure you could get those close to free since noone would buy them

There was a 1 year waiting list in Toyota Pirius as well

 

[Bob111]

Quote from misterno:

I also remember that when gas hit $4.25/gal in Houston. I was seeing trucks for sale in craigslist for like dirt cheap

I am sure you could get those close to free since noone would buy them

There was a 1 year waiting list in Toyota Pirius as well

yea yeah..2 years old hammers for 10k..i heard the story..it's was all over the news..NOT TRUE. at least not in PA. not even on auto auctions..there is some drop in price of SUV's,but not like 30-50% away from "regular" prices. i was looking to buy an H3 for 10K-12K-no luck

 

[RewriteQuran]

I believe "free" public transportation will ease demand for crude oil and boost the economy.

 

[bonds]

Who said the economy is weak? Just look at the stock market!!

 

[kashirin]

Quote from olias:

who's claiming 'no inflation'? cite your source

Google 'Bernanke' and you will have hundreds of sources that say no inflation

 

[Scataphagos]

Quote from kashirin:

Google 'Bernanke' and you will have hundreds of sources that say no inflation

The Bernank wants to define inflation as a "wage and price spiral"... we don't have that right now... and have a HUGE buffer due to our high unemployment before that would occur.... therefore, "no inflation"...

Food could double in cost... gasoline could double.. yet by The Bernank's measure, we'd still have "no inflation"...

More smoke and mirrors.. "technical definitions/lies" to argue against reality..