Quote:
Originally Posted by 911teo
In Europe gas is expensive because of taxes, not because it really costs more. It's funny but people accept it much more than an increase in income taxes.
I am afraid taxes need to go up in the US, and since is political suicide to hike income taxes the $$$ will have to come from somewhere...
You are very right... interesting times lay ahead for all of us.
|
I've been thinking about ways to invest in the market in anticipation for higher prices but I've yet to find a good play. I checked out Harley Davidson, believing that higher gas prices will drive American's to buy "that motorcycle they've always wanted", but recent reports say HD has cut its forecast and sales are down. That seems counterintuitive, maybe HD is seen as a luxury item.
I've also considered commercial bus mfg's and train mfg's to invest in public transport, but BlueBird isn't traded. I don't see Amtrack or Greyhound profiting, only getting squeezed. Airlines as well, might be a good play to short them.
Who makes money and profit when everything is grinding to a halt? Netflix and Budweiser?