“Polar Vortex” Shock And Awe: The Utility Bill Arrives (And Why It Will Get Worse Before It Gets Better)
by Tyler Durden
The “polar vortex” shock has arrived, only this time it is not in the form of another 12 inches of overnight snow accumulation but in the shape of household utility bills. A reader was kind enough to send us his just received ConEd bill for the month ended Februery 10. The result speaks for itself. It also speaks for where so much of US household disposable income will go in first quarter. Spoiler alert: not toward discretionary purchases.