Is Recession Inevitable
Some have compared the impact of rising gas prices on disposable income. Some say that gas prices will not hit the $4 mark on average. The theory behind that is gas consumption will be reduced at those levels. If it plays out as so, then that's all you need to set the recessionary path on its way. Consumers will stop traveling and cut back on spending. No spending, our economy slows, GDP falls, and you know how that story goes.