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Blogging to you from the Northeastern Badlands of The County of Lake, in the state currently known as Fatmanistan, DEEP DEEP DEEP DEEP DEEP inside the heartland of the Banana Republic formerly known as the USA, WELCOME TO THE NEXT CHAPTER! WARNING! ALL FORMS OF SOCIAL MEDIA ARE ADDICTIVE; EXCESSIVE USE MAY LEAD TO MENTAL HEALTH DISORDERS, REDUCED JOB PRODUCTIVITY, INSOMNIA, SOCIAL ALIENATION, GENITAL ULCERS, BLINDNESS, POLITICAL EROTICISM, AND / OR DEVIANT FUNAMBULISM. NOTICE: NO GUNS OR AMMUNITION ARE FOR SALE VIA THIS BLOG. (No, I will not trade my Colt Python for some lubricious adventures with your trophy wife and a future first-round draft pick.) CAVEAT: This blog is not suitable for viewing while at work, while inside a public library, while inside any public or private school, or while inside any public or private restroom. Do not view this blog while driving a motor vehicle or while piloting an aircraft. Viewing this blog may be illegal inside the EU, NYC, Chicago, Seattle, and other parts of the Third World. THIS BLOG CONTAINS (albeit often very childish) ADULT-CONTENT. DISCLAIMER: This blog is a hobby, it is not a livelihood. Even though much of what I blog about relates to firearms collecting and recreational shooting, I am not an expert (by any measure) on any facet of guns, shooting, hunting, or personal defense. Entries at this blog are akin to good old-fashioned campfire chats or post hunt bourbon-fueled barroom-bluster; I offer no opinion on what you should or should not purchase, or what you should be using or doing. What does or does not work for me could be rugged-country-miles away from your tastes and your needs. All products, places, and miscellany that I review for this blog are purchased / rented / leased at retail price by me. I do not accept payment, gifts, discounts, freebies, products on loan, distilled spirits, recreational pharmaceuticals, plea-bargains, probation, parole, Papal Blessings, Presidential Pardons, or sexual favors for doing any review or blog post. TRACKING COOKIES: Google et al stick tracking cookies on everybody. If you are online, you are being spied on via one method or another, for one reason or another; 'nuff said. You may be able to minimize your online DNA residue by using Tor and Duck Duck Go. Vive la liberté! Vive all y'all! Ante omnia armari. To each of you, thanks for stopping by!

Tuesday, February 15, 2011

Hard Times Investing Update 2/15/2011: $4 gasoline may just kill this painfully slow recovery

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Many experts are crowing that we are out of the woods and we will not have a double-dip recession. Let us hope they are right. I hate it when experts sound confident.

IMHO, should gasoline rise to and remain at or above $4 per gallon for more than a just few consecutive months in 2011 or 2012, the economy could again become coyote ugly. Some folks have not paid off the credit card bills they ran up when gasoline last cost $4 and over. If gasoline stays below $3.50, we may be okay.

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4 comments:

  1. I gotta say that pretty much sums it up, and the last time gas went that high I was driving a '91 Honda Civic that got over 35mpg around town!

    ReplyDelete
  2. I take it that the Civic is no longer around... too bad... I have heard nothing but good things about them.

    The 1997 Geo Metro bit the dust last year... it was not as good as your Civic but 32mpg was very welcome. We get about 25mpg around town with the Cobalt and 15mpg with the van (which will see very limited use).

    ReplyDelete
  3. There are quite a few gas stations in NYC and on Long island charging close to $4 for regular. It is well over $3.50 at many of them. Has been that way for awhile now. Really sucks too. Then we have heating oild, $490 to fill my tank last month and it was only about 3/4 empty.

    ReplyDelete
  4. Greetings from Texas,
    Gas can still be found for under three dollars a gallon here in the deep boonies. I have to tell you folks, the prices at the pumps are not reflected in my pitiful royality payments.

    A lot of folks talk about 'windfall profit taxes.' They don't cost the oil companies a penny, their lawyers see to that. They pass that tax on to the property and lease holders. In my case the result goes from being able to make a house payment, to perhaps a water payment.

    ReplyDelete

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