Look, I’m a conservative, but this chart is totally meaningless. Late July and into August was when a global panic was beginning to gather, and demand fell off a cliff. It had nothing to do with what you’re suggesting. My birthday was around the same time, but that also didn’t cause the step change – in fact there was no step change but a long grind lower (much lower) as the impending recession became more and more serious.
Fill in your details below or click an icon to log in:
You are commenting using your WordPress.com account. ( Log Out / Change )
You are commenting using your Twitter account. ( Log Out / Change )
You are commenting using your Facebook account. ( Log Out / Change )
You are commenting using your Google+ account. ( Log Out / Change )
Connecting to %s
Notify me of new comments via email.
Enter your email address to follow this blog and receive notifications of new posts by email.
Join 1,309 other followers