RE: How does the economic situation affect the hobby?
I know its been more than a month now, but OPEC has done it to us again, they cut back oil production and 87octane gas is back to $2USD / gal.
The low fuel prices for what they were the past couple of months were actually helpful to getting the economy to stabilize some, they also greatly reduced, if not halted, inflation. Now, inflation is going to steadily go back up again.
Inflation does need to be kept low, but from what I understand, deflation is a horrible thing and an absolute economic no-no. The last time we had a deflation was eitehr right before or during the great depression.