Guest EXPAT Posted January 3, 2012 Share Posted January 3, 2012 For 2012, Signs Point to Retreat in Consumer Spending http://t.co/jQkZ09BK Quote Link to comment Share on other sites More sharing options...
BiBottomBoy Posted January 3, 2012 Share Posted January 3, 2012 The other day the International Herald Tribune had an interesting article where they broke down consumer spending since 2008. It turns out that every time gas prices go up overall consumer spending goes down and every time gas prices go down consumer spending generally goes up. Therefore look to Obama to release the strategic petroleum reserves in order to boost both spending and his poll numbers. Quote Link to comment Share on other sites More sharing options...
Members TampaYankee Posted January 3, 2012 Members Share Posted January 3, 2012 The other day the International Herald Tribune had an interesting article where they broke down consumer spending since 2008. It turns out that every time gas prices go up overall consumer spending goes down and every time gas prices go down consumer spending generally goes up. Therefore look to Obama to release the strategic petroleum reserves in order to boost both spending and his poll numbers. The reserves are literally a drop in the bucket of usual consumption. Quote Link to comment Share on other sites More sharing options...
BiBottomBoy Posted January 3, 2012 Share Posted January 3, 2012 They are a drop in the bucket, buy their symbolic value has historically moved markets. Quote Link to comment Share on other sites More sharing options...
Members Lucky Posted January 4, 2012 Members Share Posted January 4, 2012 Many do don't have the money to spend- what are they to do? Quote Link to comment Share on other sites More sharing options...
