Wednesday, November 13, 2013

The difference between Macro and Micro


Not long ago, I was watching the price of gasoline go up over $4. (I still bought just as much, can't do anything about that.)

But I was worried about being able to make ends meet. That's micro.

Now, I'm watching the price of gasoline go down near $3.50. (I don't buy any more at the lower price -- Where would I go?)

But I worry now that we'll be getting another recession, like the last time gas prices fell. That's macro.