The following chart from reader Tim Wallace shows three-month usage for February, March, and April compared to the same three months in prior years.
Next month there may be a slight leveling off between 2011 and 2012 – still well down but less of a slope. Looking further ahead, I expect to see almost a flat line or slight downturn towards the end of the summer as the year-on-year comparisons get easier to beat.
Regardless, as you can see the trend remains, with nothing good to see.
Mike “Mish” Shedlock
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