I gave rough estimates on the gas cost hoping someone like you would do the math and really drive home the point. Thanks.
Now, how much mpg does a lifted Ford F350 get? Or that leased Cadillac Escalade?
Personally, I have to say that I feel that my finances are treading water. All the savings from making prudent decisions is burned away by the inflationary trend in food and gas and loss of revenue volume. The advantage is that I can sleep at night, fill the pump to the brim and buy whatever bread I want without saving nickels. However, it still hurts . . . and if I’m hurting. . . where is the rest of Riverside county?
Bottom Line: The American consumer is tapped out and we are going to see the effects.
Also, we are still in the woods and there is no clear sign of change pertaining to the “Why?” this all happened.
Until that changes we are looking at a long complex correction. I think it is more prudent to wait till the correction ends and lose a little on the upswing vs trying to time the bottom going down.
