Oil: Could This Be The End For Suburbia

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Is America


The American middle class consumer though indebted still travels to the fry pits and big box retail stores lining the eight lane highways. And they are still spending money with that good old up tempo American resilience to jolts from the outside world. In spite of the fact that they can no longer use their homes as ATM machines by progressively re-mortgaging when property prices were going up.

Sub-prime crisis or not, the Fed will rescue the system and the American way of life will go on as always, with a few temporary tweaks and household budgetary adjustments… won