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re: Macro Econ: Low gas prices -> higher disposable income -> higher spending / GDP?
Posted on 2/19/15 at 3:24 pm to euphemus
Posted on 2/19/15 at 3:24 pm to euphemus
I read an article in the WSJ a month or so back that compared the effect of $40 oil on different GDPs. While it crushes countries like Russia and Saudi Arabia, the U.S. GDP grows the most significantly. Obviously can't link a paid article, but there's similar stuff out there with opposing views
1
Posted on 2/19/15 at 3:33 pm to AlexLSU
Mining is only about 2% of US GDP.
In TX, OK, LA it's closer to 15%. I can understand the debate for our region, but nationally it's essentially a huge no-strings-attached tax break. Win for the US economy as all that money goes on new houses, cars, electronics, CPGs, etc. etc.. Potential slowdown/recession for the south central U.S.
In TX, OK, LA it's closer to 15%. I can understand the debate for our region, but nationally it's essentially a huge no-strings-attached tax break. Win for the US economy as all that money goes on new houses, cars, electronics, CPGs, etc. etc.. Potential slowdown/recession for the south central U.S.
This post was edited on 2/19/15 at 3:35 pm
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