Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Friday, August 24, 2012

Oil

http://bonddad.blogspot.com/2012/08/seasonality-vs-oil-choke-collar-real.html

As soon as the economy picks up, the price of gas rises, which chokes economic growth.

That's his story and it's tough to argue with the evidence.

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