Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Guest Post: The Straw That Potentially Breaks The Camels Back.....Like I said, all part of the game

By: ribit in ROUND | Recommend this post (0)
Fri, 24 Feb 12 7:12 PM | 46 view(s)
Boardmark this board | De's Test Board 		Msg. 39122 of 45651
(This msg. is a reply to 39077 by capt_nemo)
Jump:
Jump to board:
Jump to msg. #

captain
That 16% rise in gasoline has now effectively wiped out the entire payroll tax cut being extended into 2012.

...with the increase in gas prices, people will reduce their consumption when and where they can. Some will buy obamamobiles (volt) because it will make them feel warm and fuzzy and they will think they are doing something to save the world as well as a few dollars for themselves. With the reduction in consumption gubmint will want to increase gasoline taxes cause everybody but the gubmint can get by on less.

...with all these price increases there has been a dramatic increas in domestic violence. I know a woman who was beaten by her husband because she spent his beeer money on shoes for the kids.




Avatar

Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

» You can also:
- - - - -
The above is a reply to the following message:
Guest Post: The Straw That Potentially Breaks The Camels Back.....Like I said, all part of the game
By: capt_nemo in ROUND
Thu, 23 Feb 12 10:16 AM 		Msg. 39077 of 45651

to break Americans, and make us ask for support from our illustrious gumpiment..... I would rather eat dirt........


Submitted by Tyler Durden on 02/22/2012 23:13 -0500

Central Banks
Consumer Credit
Eurozone
Guest Post
Iran
Recession
recovery

Submitted by Lance Roberts of StreetTalk Advisors

The Straw That Potentially Breaks The Camels Back

oil-price-gasoline-022212Back in December I penned an article about the potential for gasoline prices to rise quickly to catch up with surging oil prices. We said then "If we look at just the nominal price data going back to 1990 we can see that there is indeed a very high correlation between oil prices and gasoline prices. While divergences from each other do occur on occassion those divergences tend not to last for very long with gasoline usually correcting towards the price of oil." That is precisely what has happened since the near $3 per gallon of gasoline this summer, which was an effective $60 billion tax break for consumers during the much anticipated retail shopping season, to near $3.50 a gallon today. That 16% rise in gasoline has now effectively wiped out the entire payroll tax cut being extended into 2012.

There has been a lot of media commentary as of late about the recovery in the economy. The dangerous assumption being made here is that the recent upticks in the economic data have come primarily at the expense of inventory restocking and end of year buying of capital goods by businesses to lock in tax credits. Extrapolating those bounces in the data well

http://www.zerohedge.com/news/guest-post-straw-potentially-breaks-camels-back?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

iDealMeat
iDealMeat's picture

If I were BP, I'd drill the Gulf dry, refine it in TX, fill my tankers with gas, and ride the current back to the E.U..

oh.. wait.. industry is already doing that?? ok, then.. never mind..

back to sleep sheep. Feed buckets will be filled back up at midnight..

« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next