Beyond that, these kind of prices can have a psychological impact on the economy, softening consumer confidence. If you are concerned about future prices, you may think twice about purchasing something now, especially if it's a big-ticket item.
More Quotes from Ryan Singer:
We've got essentially flat growth.Ryan Singer
It does take a bit of money out of their monthly budget ---- not a large bit, but a bit ---- but for someone who has not seen an increase in his pay envelope for a year or two, it can make an already bad situation worse.
Ryan Singer
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