Control Your Controllables

One of my favorite economist reads, Paul Kedrosky, directed me to this image, which is from another excellent financial analysis blog done by Susan Woodward and Robert Hall. This is a comparison of labor numbers from now and 1981 rescaled to the size of today's labor force. Stunning. For those of you who, like me, were still in high school in 1981 - it was the biggest recession we have had in the US since the Great Depression. Not pretty. The graph shows us a partial image of how painful events are right now. Many people have lost homes, many are without work, and I have a feeling it is going to get worse before it gets better. There is a lot of suffering out there. I get a lot of calls from desperate people who are trying to put on a brave face. Sometimes I feel like I am barely hanging on to my life raft and folks are pulling on my legs to clamber on. In the midst of all this turmoil, with so much personal pain around me, how do I keep steady?

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