Calm Before the Storm
And it’s not just because the weather around the world is so tumultuous, not to mention dangerous. The last week of August is traditionally the slowest week of the year other than the one between Christmas and New Year’s and thus it is in Washington, New York, London, Tokyo, and pretty much everywhere else that is blessed with peace and at least some prosperity. Still, the torpor is temporary. European and Asian markets wake up after September 4 and U.S. ones not too long thereafter.