The bubble in residential property made people feel good. They thought they were wealthy and thought they could ‘take out’ a little of that wealth and spend it. A bubble in oil is an entirely different matter. It makes people feel poorer every time they fill up their gas tank. And it forces them to cut back on spending rather than increase it.

Quelle: Fed’s Inflation Would Go into New Bubbles – In Commodities, Oil, and Gold | The Daily Reckoning Australia

Dieser Eintrag wurde am Montag, 2. Juni 2008 um 09:57 aufgeschaltet und ist unter den Labels Wirtschaft abgelegt. Du kannst das Blog auch über RSS 2.0 abonnieren. Du kannst einen Kommentar oder einen Trackback hinterlassen.