pochovilla

What about the Pocket Recessions?

Pocket recession? More than you think. Add a few cities and the list grows. After paying for gas, food, energy doctor/dentist visit the consumer (at least a very large number) looks in the pocket and is reminded about a personal pocket recession that economists consider anecdotal. The feel good GDP number (.6%) has a very large portion of retail gasoline price increases reflected in the raw number. While this may make pundits declare "what recession ?", this opinion is not evenly distributed among "we the people".
I watched Hillary in Indiana do a photo op (video) at a filling station. Apparently this is the first time in several years that she paid for gas. If the truck was diesel powered the shock value would have been better. It's a good thing she doesn't have to deal with home heating fuel at her residences.