About Piponomics

Piponomics Author

Economics play a huge role in the foreign exchange market. I enjoy looking at economic trends and trying to see how it affect currencies and life in general. I will post my thoughts and observations here. I'm throwing macroeconomics, forex trading, pop culture, and everyday life into a pot and hopefully the final product are lessons that are easy for you to consume.

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May 2006

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Is Black Crack Going to Kill US Economy?

Some folks call oil black gold. I call it black crack.

TWO-THIRDS of the US economy is comprised of consumer spending.

But what if two-thirds of consumer spending was spent on filling up their gas tanks to drive to and fro to wherever oil addicts go?

Ludicrous you say?

What if I showed you this?

"Oh, the United States has plenty of oil reserves saved up for rainy days like we're in now..."

It's no surprise why this is happening...

But you still need your fix, so you still pay, regardless of cost...

And while supply and demand is the real reason for rising prices, most people feel they're being ripped off by the oil companies:

So what do you think? Can the US economy remain strong if gas prices remain high? I doubt it. So what about the dollar?

What if Uncle Sam gave you $100 to help?

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