They view the gasoline thing as temporary, and that's...

They view the gasoline thing as temporary, and that's important because it didn't change their overall pace of spending. And that's a different kind of psychology. If it was a permanent increase in gasoline prices, then you would have expected consumers to make a more permanent adjustment downward in their spending and saving rate.

John Silvia Quote About Adjustment, Change, Consumers, Downward, Expected: They View The Gasoline Thing...
Click Here or the flag on image above to change the background image

Quotes from famous authors

Popular tags & topics