Because he defeated inflation.
Volcker took brutal action, but it worked.
I believe Descant (Chris???) is on the right track.
When I spent time as a teen/young adult boating, it wasn't because I could afford a boat.
That was pretty much my grandfather/grandmother.
So I believe that we have a cycle that involves pre-retirees and early-retirees that falls off as we become older retirees.
I can also attest that spring weather creates less enthusiasm than comparable temps in the autumn as the leaves change and the lake takes on a different aura.
Depending on the weather, comparing July to July would seem to make more sense.
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