Saturday, August 13, 2011

Not so fast ...

... BBC News - The Great Gatsby: What it says to modern America. (Hat tip, Dave Lull.)

As the US's first small steps out of recession appear to falter, with 9% unemployment, the lowest rate of home ownership for decades, a downgrading of its credit rating and a growing Chinese challenge to US global supremacy, this tale of frustrated ambition, lost love and death seems to strike a chord.

But, as Mark Twain did not say, history doesn't repeat itself. It rhymes. The U.S. happens to be experiencing a few bad rounds. It has before. But I expect it will bounce back this time, as before. I'm certainly not counting it out yet. A little bit of adversity never hurt anybody.

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