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, blog post: “The Great Restructuring”
[Editor's Note: This post was moved to joewilcox.com from oddlytogether.com on Sept. 25, 2010.]
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