07-23-2009, 08:52 AM
I was going to wait until July's numbers came out but June was the worst month in almost a decade.
If July is pretty much the same thing that should sink fuel prices as far as consumption is concerned. Right now fuel should have been at its peak.
If this last through the summer then economic recovery is not likely. While 4th quarter will improve realitively speaking it won't make up the summer slump. July and August will be the telling months.
It is very possible we are heading out of the recession types of numbers and into depression types of figures.
Vllad
If July is pretty much the same thing that should sink fuel prices as far as consumption is concerned. Right now fuel should have been at its peak.
If this last through the summer then economic recovery is not likely. While 4th quarter will improve realitively speaking it won't make up the summer slump. July and August will be the telling months.
It is very possible we are heading out of the recession types of numbers and into depression types of figures.
Vllad