There is a school of thought that high gasoline prices is anti-inflationary.
As people pay more for gasoline their budgets shrink and therefore they have less to purchase stuff. They tend to close their wallets, the theory goes, because they must have gas but not some other things.
If so Wall Street may be panicking too soon.
On the other hand I haven't seen any stats on this.
boont
As people pay more for gasoline their budgets shrink and therefore they have less to purchase stuff. They tend to close their wallets, the theory goes, because they must have gas but not some other things.
If so Wall Street may be panicking too soon.
On the other hand I haven't seen any stats on this.
boont