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re: Macro Econ: Low gas prices -> higher disposable income -> higher spending / GDP?
Posted on 2/18/15 at 11:02 pm to euphemus
Posted on 2/18/15 at 11:02 pm to euphemus
Far too many moving parts to make this assessment.
The potential increase in employment in the service industry (likely destination for new spending) may not offset the loss in employment in the energy sector. Especially when considering tax revenue.
I do agree that our decrease in imported oil is a net positive.
The potential increase in employment in the service industry (likely destination for new spending) may not offset the loss in employment in the energy sector. Especially when considering tax revenue.
I do agree that our decrease in imported oil is a net positive.
1
Posted on 2/19/15 at 2:52 pm to Oenophile Brah
Eventually that may be the case.
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