High gas prices: lead to the economic collapse, or were just the icing on the cake?
Do you actually ever talk about anything else?
sorry maybe i should discuss 15 year olds :gotme:
See, here’s why that comeback sucks…
I rarely talk about girls on nyspeed, and when I do they’re definitely not 15.
If you wanted to be clever and make a snappy remark about something that I talk about a lot on here, you could have said:
Housing, not gas, caused this mess.
And by housing I mean horrible lending practices, horrible accounting practices, horrible investment plans based on mortgage backed securities and a whole bunch of greed and gluttony that went along with it.
If you want to blame the first snowflake to start this snowball effect the flake would be Janet Reno.
Congrats! You just made the ignore list. Idiot.
OMG
He does sell a lot of Home stuff like plush chairs,T.V.'s and what not.
i understand that, but im thinking that once gasoline prices skyrocketed here in the US, it didnt take long for everything else to crumble ( ex. housing). Im trying to see if there is any correlation.
I would say that its kind of neither. The big issue was credit/mortgages…I would say the oil was more a result of this, maybe leaning towards icing the cake…
well since gas prices are on a decline right now, they may have started it, but that doesnt really effect the bailout and the problems with the banks.
right, what I meant was that paying $4.25 a gallon may have pushed people over their budget limits and now that the gas prices are easing, people will have a little more money to spend to pay bills, mortgages etc.
well i agree with you on that, but i dont think it will lead to a complete collapse. things will get worse before they get better, but not all is lost yet.
if gasoline going up 25% pushed people over their budget limits, then they sucked at finances to begin with. My fuel bill was decently high in september… 680 dollars. If it was still 3.25 a gallon, it would have still been 520. That’s not HUGE increase, and i imagine that my bill was higher than a lot of other peoples…
the only thing that killed me these past couple of months was the $1600 in fines i paid for tickets, but my bills are all up to date, credit cards a little higher and bank account a little lower.
i think now that heaters and furnaces will be turned on for the winter, it will be the true test on how the gas prices are affecting people.
correlation /= causation.
There probably is a correlation. High oil price usually means weak dollar and i could go on but this isn’t business statistics.
Oh hai guis wats up in hurr?