Quote:
Originally Posted by $5 submissions
Wait till oil's move to $100+ triggers hyperinflation.... The Jimmy Carter era wasn't all that bad. Sure, we had stagflation but we also had the birth of punk rock (arguably--some would say it began with the garage bands of the 60s), feathered back hairstyle for men, the AMC Gremlin was a hoot, platform shoes for men, DISCO (gotta love it)...... the list goes on.
|
Oil was just about $130 per barrel not too long ago. Then it dropped back down. We can survive it as long as it doesn't last for years. A recession with very high gas prices would suck bad