` Ed Butowsky | Financial Analyst, Managing Partner, Chapwood Investment

 

Price At The Pump Draining Family Summer Budgets

Price At The Pump Draining Family Summer Budgets

Ed Butowsky, Managing Partner of Chapwood Capital Investment Management, joins Fox News to discuss how rising prices at the pump are draining familiy summer budgets.

While gas prices may be going down “a little,” but too slowly for most of us. The average price for a gallon of gas is more than $1 higher today ($3.78) than it was a year ago ($2.73). These high gas prices are taking a huge bite out of family budgets, especially as we begin the summer travel months.

Even though the prices for oil and gas are high which is causing cost of goods for the consumer to rise, there are reports showing that sales of luxury goods are not suffering. Ed Butowsky explains the reason why the sales of these luxury goods have not suffered is twofold: 1) many people who have not purchased these types of goods have not done so in a long time and are doing so now, and 2) while the stock market has gone up people who have been invested are taking some profits from those investments to purchase these types of goods. However, as Ed points out, these sales reports are not a good indication of how the economy as a whole is doing especially with these high gas and oil prices. The economy is suffering from stagflation.

Moreover, Ed questions the Administration’s claims the economic recovery is on track and we’re moving forward. The increase in gas prices is creating a ripple effect across the economy. These claims may be in certain numbers, but certainly not where it counts like employment, and rising cost of goods. This is impacting everyone especially families that are trying to budget for things to do this summer.

A word about Ed Butowsky:

Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.

Check out some of our other articles:

 

 

Media

Price At The Pump Draining Family Summer Budgets

on May 30, 2011 in Fox News, Media Center by Ed Butowsky | No Comments »
Price At The Pump Draining Family Summer Budgets Ed Butowsky, Managing Partner of Chapwood Capital Investment Management, joins Fox News to discuss how rising prices at the pump are draining familiy summer budgets. While gas prices may be going down “a little,” but too slowly for most of us. The average price for a gallon of gas is more than $1 higher today ($3.78) than it was a year ago...

Key Figures Expected To Show Home Prices Are Still Falling

on May 22, 2011 in Fox News, Media Center by Ed Butowsky | No Comments »
Key Figures Expected To Show Home Prices Are Still Falling Ed Butowsky, Managing Partner of Chapwood Capital Investment Management, joins Fox News to discuss the potential impact of falling home prices and how does the economy overcome such problems. Analysts await key figures about home sales this week after learning that existing home prices fell in April. Some experts claim that a full recovery will...

Big Oil Firms A Good Bet

on May 15, 2011 in Financial Advisor Blog, Media Center by Ed Butowsky | No Comments »
Big Oil Firms A Good Bet Published May 15th, 2011Dallas Morning NewsBy: Ed Butowsky There has been a lot of discussion recently about the “excessive” profits flowing to Big Oil companies. In Fact, recent hearings on Capitol Hill were nothing more than a dog and pony show to discredit these companies. But the hearings actually served to highlight the...

Oil Companies Increase Dividends As Profits Rise

on May 13, 2011 in Fox Business, Media Center by Ed Butowsky | No Comments »
Oil Companies Increase Dividends As Profits Rise Ed Butowsky, Managing Partner of Chapwood Capital Investment Management, joins Varney & Company analyzing oil companies increasing their dividends. Are these stocks a value add to your portfolio? A word about Ed Butowsky: Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the...

Take Charge: What Is The Best Way To Invest Your Money?

on May 02, 2011 in Fox News, Media Center by Ed Butowsky | No Comments »
Take Charge: What Is The Best Way To Invest Your Money? Ed Butowsky, Managing Partner of Chapwood Capital Investment Management, joins Fox News to discuss how to get the most for your money without getting scammed. A word about Ed Butowsky: Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. ...

About Ed

Ed Butowsky is a nationally-recognized expert in investment management. Butowsky has been in the financial services industry for over 25 years. He was previously a Senior Vice President at Morgan Stanley and a Managing Director ... More »

Contact

Ed Butowsky, Managing Partner
Chapwood Capital Investment Management, LLC
Website: www.chapwoodinvestments.com
Email: ed@chapwoodinvestments.com
Phone: (972) 865-2225