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| subject: | Re: I predict: Recession this year |
From: Bill Lucy
In article , richhong{at}hawksci.com says...
> >> Even at a doubling of cost, gas represents a tiny portion of our
> spending.
>
> Bill,
>
> But you are forgetting that it impacts everything we buy because of
> transportation costs. We spend more on fuel than you realize; think in
> terms of the aggregate amount of fuel consumed by the U.S.
Transportation also represents a tiny portion of the economy. We just had
this discussion a couple weeks ago, Rich.
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