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To Younger People
by Karl Denninger Market-Ticker.org
Specifically, those under 40 and really, those under 30ish.
You’ve never seen tough.
I mean it.
No, 2000 wasn’t tough.
No, 2008 wasn’t tough.
If you’re 33 now you were ten in 2000. If you’re 40 now you were barely an adult in 2000 and not even born or beyond infancy in the last “actual tough” — the late 1970s and early 1980s.