The slippery slope of increasing oil prices.

[Vick]

Originally posted by sarettah@Apr 6 2005, 12:54 PM
How long till the current economy looks like Jimmy Carter is back in office ?

Bingo

I said something to that effect here months ago


While I don't have hard stats on it I believe many families coped in the 70's by then moving to being dual income families, basically the homemaker entered the work force
Now with most families already being dual income families how do we off set the increase in the cost of living?

and the as $ sources dry up (less $ working it's way around) the prime interest rates rises killing off our booming housing market (if you don't think the USA has a booming housing market check out the rise in property values, you might have read it from me before but in less than 5 years my house more than doubled in value)

Not a pretty picture


Many here in their 20's don't remember double digit inflation and prime interest rates in the teens
It happened during the 70's, largely due to OPEC increasing the cost of oil thereby
driving spiraling inflation