NW Indiana reCONNECT

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Dave Woodson

ID Theft Expert

Tonight on the show with Dave and Paule, besides it being wipeoutwednesday. We are going to be interviewing Dave Mons, he is an ID Theft Awareness Expert. He will be on the air with us about 5:30cst you can listen live at AM1420 or www.wimsradio.com The Dave and Paula show is just me being me. I give smart and some not so smart answers to local and national politics and other antics. look forward to your feedback Dave Woodson

Posted by Dave Woodson on October 1st, 2008 at 4:25pm

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Paula Reno

Great Real Estate Deals here in Cedar Lake

Started by Paula Reno Sep 14.

Ruby Stover

Where is everyone? 1 Reply

Started by Ruby Stover. Last reply by James K Barath, CMPS Aug 11.

 

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MY MORTGAGE BLOG

How Falling Gas Prices May Stave Off Recession

After peaking in July 2008, gas prices fell by 20 percent over the next three monthsGiven the stock market's recent performance, it's not surprising that gasoline's falling prices are garnering very little attention. That doesn't make it any less relevant, however.

Since peaking in July, gas prices are off by 20 percent.

Falling gas prices are an important positive for the U.S. economy because less money spent at the pump means that more money is saved per household for everyday items including food and other staples.

In addition, consumer spending makes up two-thirds of the economy.

Therefore, falling gas prices may lessen the impact of a forecasted recession. Because Americans are notoriously poor savers, the extra cash-on-hand is likely to get spent which will, in turn, push the economy forward through the upcoming holiday shopping season.

So, just as inflation can bad for mortgage rates, so can recession. And while recession won't always cause mortgage rates to rise, right now, it's one of the factors driving rates higher. Falling gas prices may help keep that scenario at bay.

 
 

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Notes

The Future Is Now.

What are you doing with your life bank account? Announce it to all that you come in contact and share...share...share.

Created by James K Barath, CMPS May 1, 2008 at 9:31am. Last updated by James K Barath, CMPS May 1.

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Welcome to Notes. Leave your quick notes here to share with the others.

Created by James K Barath, CMPS Apr 29, 2008 at 6:28pm. Last updated by James K Barath, CMPS May 1.

 

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