Friends and family are losing their jobs. The stock market has tanked. Home values have deteriorated dramatically. The situation is dour, but an important step in the recovery process is for individuals to begin recognizing that recessions are part of the natural business cycle.
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This is a stressful, painful, and trying time for many of us, particularly those who have found themselves unemployed following a round of “strategic workforce reductions.” To be sure, before this ends we will suffer the loss of more jobs, homes, savings, and investments, but I dare say that at the end of this recession we will be a better nation for…
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