What happened in July?
December 16, 2008 at 14:04 PM EST
[Skip to the end] Through Q2 08 GDP was muddling through with modestly positive numbers. Then it hit the wall in July as crude oil and the commodities in general broke down courtesy of Mike Masters and Joe Lieberman. Soon afterward the main street credit crunch intensified. What I now suspect happened is that the US energy/commodity [...]
