James Bianco is taken aback that two measures of broad-based economic activity - gasoline...
James Bianco is taken aback that two measures of broad-based economic activity - gasoline consumed and miles driven - are "falling hard" at a time when it's assumed the economy is getting better. Throughout history, the U.S. economy has never improved while its citizens drive less and use less gasoline. Perhaps these are false signals, he says, but they could be pointing to a faltering economy.
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