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Living in historic times...
"History never looks like history when you're living through it." (John Gardner), from the Jack's Winning Words Blog. We are certainly living in historic times right now. We have just lived through "the great recession" - the worst recession in America since the Great Depression. In fact, we're still living through the tail end of this recession.I suspect that years from now we'll be telling stories to our grandchildren that will have become slightly exaggerated about this time in our history - stories about how bad the stock market was or how much value our homes lost and how much unemployment there was. Hopefully we will be telling those tales while enjoying better times. One thing that I've opined here about a couple of times is my opinion that we will be telling those stories in an American context that was fundamentally changed by going through this great recession.I have called what I see coming the "reset economy" - a downsized economy where people have less expectation of accumulating great wealth or lots of possessions. The current younger generations were already somewhat in that mode, especially the Gen-Yers who exited college into a very tough job market and have already downsized ... more

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