A market correction of 10% could be on the cards as consumer psychology shifts due to gas prices, says top economist

A market correction of 10% could be on the cards as consumer psychology shifts due to gas prices, says top economist

"The key issue is not simply crude oil itself. It is gasoline, the most visible price in the economy for consumers, and when that price jumps it hits psychology immediately."

If you were to ask a regular consumer what a barrel of crude oil costs, they likely wouldnt know the exact figure. Ask them how much it takes to fill up their car with a tank of gas, on the other han… [+3895 chars]
A market correction of 10% could be on the cards as consumer psychology shifts due to gas prices, says top economist - FHMnews