Replies to post #79633 on ajtj99's Market Pulse

[marwick]

AJ, not so long ago, gas prices were $1.50 a gallon. Now that they're $3 a gallon, how are you spending your extra money? Spending more at the malls and restaurants?

[Burk]

While energy costs affect some of the economy, the overall result is that high energy costs tend to slow down the economy.

For example, if you have a business that relies heavily on energy costs, the result is a slowdown...that's the point I'm making...I guess I'm referring more to the overall effect...and the overall effect resulting from higher energy costs is a slowdown...at least in my opinion... ;)

On a related note, do you think, then, since inflation, in your opinion is so rampant (ok, at least high or whatever) that there's no danger of a recession. I say there's much more danger of a recession and it's negative effects than there is in runaway inflation being a danger...or even inflation being much of a danger at all..

I guess we just disagree..and that's fine..