Now that everyones home equity is vanishing, Inflation is skyrocketing, and a significant amount of your disposable income is going to gasoline. Will you still be buying a $5.00 cup of coffee from Starbucks?
If you're my Fiance', the answer of course is YES!
However, I think its safe to assume that rational, sensible, regular Americans will be cutting back spending. (I hope she doesn't read my blog) ;)
Housing Fear champion Peter Schiff chimes in on this subject on Cavuto;
Excellent point, that is one of the reasons why stopped drinking coffee. To expensive. I've switched to Jamba Juice instead on occassion but am not the coffee adict I used to be. The interesting thing is I don't miss it at all.
ReplyDeleteIts a very expensive habit, but I guess I would rather have her drink $5.00 coffee than smoke a $5.00 pack of cigarettes. :)
ReplyDelete