Robert Darbelnet, American Automobile Association CEO discusses the pain at the pump and the effect on the US economy. As I’ve long discussed, gasoline prices are not so much an inflationary concern, but rather a redistribution of current spending. Darbelnet describes how this effect will play out in the coming months.
Source: CNBC
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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