The Traderszone Network

Published in TZ Latest News 5 January, 2015 by The TZ Newswire Staff

Behold The "Cheap Gas" Spending Surge: $1 More Per Day

For all the endless media buzz pitching the bullish spin of plunging gas prices, namely that while crude capex spending and energy company earnings are both crashing, high-paying shale jobs are about to suffer pervasive layoffs and energy HY bonds are entering mass default territory leading to who knows what unexpected downstream effects, the average US consumer will spend substantially more to offset all the adverse side-effects of the plunging oil price. Or rather, was supposed to spend more.

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