YES, THERE IS A GLOBAL SLUMP AND YES IT BEGAN IN SEPTEMBER.

I expected the slump to occur around April. However, the global economy continued to limp along due to the backlog of unfulfilled orders until September when the state of the world economy abruptly changed as befits the move from quantity to quality. What is interesting is how this change of state in September caught numerous bosses of large corporations by surprise as evidenced by their financial reports covering the third quarter.