Yesterday, I noted that gas and diesel prices locally are up again.. Gas is now $3.15 / gallon, diesel is $4. The headline in the local paper said, "Economists uncertain as to cause of economy slowdown." Takoszja, this is no mystery. When fuel for the buffalo pony costs more than a gallon of milk does, the economy is going to slow and it is going to slow quickly. If there is a "why" past that, it is because people must have money for food, housing, clothes and fuel, but when fuel costs $3.15 & $4 / gallon, everything else is going to cost more, too; which means there is not going to be as much - maybe none - for frills. Thus, the economy slows. Quickly. Tain't no mystery at all.
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Saturday, March 8, 2008
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