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zipplewrath

(16,698 posts)
8. Believe it or not
Tue Feb 21, 2012, 02:01 PM
Feb 2012

If $5 gas happens, and really by that I mean goes there and stays there, it is because the market perceive that the economy is doing well. I'm not saying there won't be an impact, but predominately it will be one of "slowing down" the recovery, as oppose to a harbinger of an impending disaster. It's worst effect will basically be inflationary in nature. Anyone who owns a mortgage or house about now wouldn't mind a little inflation.

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