bmali

Cheap Chindian Cars and High Priced Oil Don't Mix

as much as i agree the price and income has real bearing on consumption i continue to be amazed at this idiotic use of ABSOLUTE value of dollar when comparing income . it is simply meaningless to say a person in place X earns 1 dllar a day with out knowing what that 1 dollar will buy OVER THERE .
a lot more meaningful and informative is use of Purchasing Power Euivalency .