Email of the day - on the summer or love versus Woodstock
Comment of the Day

September 14 2020

Commentary by Eoin Treacy

Email of the day - on the summer or love versus Woodstock

You have recently, on a couple of occasions, referred to 1969 as the summer of love. This is incorrect; it was actually 1967. (I remember it well) The confusion arises over the famous Woodstock Festival which did occur in the summer of 1969.

Eoin Treacy's view

Thank you for pointing out this error. Based on data from Wikipedia, the summer of love in 1967 attracted 100,000 people while Woodstock in 1969 attracted 400,000. In between, we had some of the most disruptive protests any one had seen in years.

My point, however, is that the introduction of a vaccine and removal of quarantines will result in an upwelling of economic and social activity. There is a lot of pent up demand from millions of people who have been holed up for most of the year and are desperate to get back to normal life. That resurgence in the velocity of money, from historic lows, could be a significant inflationary catalyst.

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