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Old 08-26-2009, 02:49 PM  
kane
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Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
Quote:
Originally Posted by $5 submissions View Post
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
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