MoreThe tipping point, we can see clearly in retrospect, came in the summer of 2004.
We didn't notice it at the time, because U.S. markets were coming off record-high prices that spring, and in our alphabet-soup world, the industry was trying to figure out how to deal with CWT, bST and the rising CPI.
We didn't notice it at the time, because U.S. markets were coming off record-high prices that spring, and in our alphabet-soup world, the industry was trying to figure out how to deal with CWT, bST and the rising CPI.
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