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Lenzner,The Price of Oil is the New Economic Spoiler

Lenzner,The Price of Oil is the New Economic Spoiler

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Published by forbesadmin

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Published by: forbesadmin on Sep 12, 2012
Copyright:Attribution Non-commercial

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07/10/2013

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'59'61'63'65'67'69'71'73'75'77'79'81'83'85'87'89'91'93'95'97'99'01'03'05'07'09'110.030.040.050.060.070.080.090.1
Oil as a share of Personal Consumption Expenditures
Personal Consumption Expenditures, Energy Goods & Services, Bil. $, SAAR, SA - United States / Personal Consumption Expenditures, Bil. $, SAAR - United States [Last: 0.06 (Mar-12)Recession Periods - United States
Energy expenditures as ashare of consumer spendingat 6 per cent are at levelsthat have badly hit consumer spending in the past-
study by Hamilton 
Demand Destruction For The US Consumer 
Source:MSIM, Factset
 
Consumers demand less oilnear 6% of GDP and at 8%the demand shock is severe
Oil as a Share World GDP
Demand Destruction For The Global Consumer 
Source:ISI
 
“Average Consumer Doesn’t Eat IPads”
QE boosts stock prices and
commodities
Rising equity prices aresupporting the spending of upper income groups
 –
Three-quarters of 
equities by householdsare held by the top 10%of the income distribution
Rising commodity prices are
hurting low income
households
9.05.34.23.42.00246810LowestQuintile234TopQuintile
Percent of After-Tax Income Spent on Gasoline in2009
ndrdth
32.015.711.09.67.0010203040LowestQuintile234TopQuintile
Percent of After-Tax Income Spent on Food in2009
ndrdth
#sam.asset.id#

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"Oil is the new interest rate" ~ Quote by Author Wowzers. Get that black gold!
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