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Two years ago, when I was a reporter for a daily newspaper, I was talking to a man who works as a financial adviser for a nonprofit agency. He had retired early and now worked as a volunteer, helping people get their financial house in order. He knew a lot about economics, and he cheerfully told me that the recession was over.
“But when will it feel like it’s over?” I asked.
Confidently, he told me that it would no longer feel like a recession by the end of summer 2010.
I’m still waiting.