RATO BORRACHUDO – PÂNICO – 08/08/22

In the 1970’s we experienced the gas crisis created by the “Arab Embargo”, today’s increasing price has a much different cause and consumer response. The gas companies are beginning to address our reaction to the high gas prices. Gas companies want you to buy their brand not just any brand to save pennies. Increased advertising and reward certificate programs are designed to recreate brand loyalty. Buy the same brand of gas, mail in receipts as directed, and you can get pre-paid gas cards in the mail, as a reward for your loyalty.

With all of the turmoil in the economy, it should be no surprise to anyone that more companies are filing for bankruptcy protection every day, as consumers change their spending habits and lenders are unable to accommodate more credit expansion. The entire American economy has been built on consumer spending for decades, with most of the production capacity shipped off to Asia. Now with a recession almost inevitable, foreclosures, personal bankruptcies, and corporate bankruptcies are on the rise, some of which are already at or near historic levels.