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'If Hints Were Sledgehammers'

It’s not a great depression, neither is it a great recession we’re going through now. At the Brite conference this week, Umair Haque called it a great ‘compression,’ as an economy built on perceived value reconciles with actual value. This morning, the New York Times finally realized that what we’re experiencing is more than a financial crisis: ‘Job Losses Hint at Vast Remaking of Economy.’ Well, yes, if hints were sledgehammers.
Jeff Jarvis

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