Economic Speed Bump

The article “Clouds Gather on Wall Street”, gives a concerned bit about the short term economic future of the U.S. Because of rising energy and fuel prices, less consumer goods are being purchased slowing down the economy. Along with energy price hikes, short term interest rates have gone up as well. Here we see a simple trade-off; energy vs. consumer goods.

I have a hard time taking this article’s grim predictions seriously. I think that the above mentioned article is nothing but a short term prediction; a bump in the economic road if you will.