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echo: god.and.gov
to: Richard Hong
from: Bill Lucy
date: 2000-03-12 23:09:48
subject: Re: I predict: Recession this year

From: Bill Lucy 

In article <38cc66bb{at}w3.nls.net>, 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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