Quote:
Originally Posted by Arragonis
Oil price has dipped < $100 barrell. The average may be $110 instead of the $120 predicted for the year, so prices may start to ease.
|
If demand keeps dropping, it might go much further. Citizens are not going to spend money on other things if the powers that be keep inducing volatility into the market, and personally, I think they overplayed their hand.
Now folks are going to be very cautious about spending, looking for the best deals possible, conserving capital and energy. Even when things improve, it won't automatically translate to higher spending. It'll be good for personal saving rates but bad for consumerism.
Wouldn't be too surprised if ecomodder.com and other sites like it start having higher traffic and member rates.
