Things aren’t going well and many people would rather hide under the covers for a day than go out and confront the realities of the world. That is the image that comes to people’s minds when I insist on using the word “Depression” rather than “Recession” to describe the economic situation we’re in. The picture is one of personal depression, rather than economic or social. As flawed as that image is it can actually work if we think of this as a “Managed Depression”, a big downer we’re trying to get through without a ton of pain. It’s not impossible, we just need a bit of help. Can we look at it that way?
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