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Gas savings spent

Summary:
As suspected, the drop in gas prices was pretty much a net 0 for GDP: Consumers are spending a lot more of their gasoline savings than estimated, report says Americans spend majority of money saved at the petrol pump JPMorgan: Consumers Already Spent Most Savings From Cheap Gas Pump Prices > The post Gas savings spent appeared first on The Center of the Universe.

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As suspected, the drop in gas prices was pretty much a net 0 for GDP:

Consumers are spending a lot more of their gasoline savings than estimated, report says

Americans spend majority of money saved at the petrol pump

JPMorgan: Consumers Already Spent Most Savings From Cheap Gas Pump Prices

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The post Gas savings spent appeared first on The Center of the Universe.

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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