<Brian Schweitzer repliesThe Oil DrumIn a shortage, businesses lose gas before homes>

79 comments on A Touch of Stagflation?

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mikeB on October 6, 2005 - 9:25pm Permalink | Subthread | Parent | Comments top
Oh. Brilliant trick.

Just pronounce some segments of the economy "fat," then when they go, the economy is not really contracting.

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jhm on October 7, 2005 - 5:18am Permalink | Subthread | Parent | Comments top
The "fat" votes as well, we should remember.
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The Interloafer on October 7, 2005 - 1:10pm Permalink | Subthread | Parent | Comments top
I think there's a small cushion of "fat" that can be trimmed. If a consumer makes three trips in an SUV to run three errands, but can be persuaded by high gasoline prices to accept a little inconvenience and consolidate the three errands into one trip, less energy is used, but the errands still get made (i.e., the consumer-based economy continues to chug along).
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