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The New Normal
Jun. 27, 2009 - (by: Jim Vogel) I just love all the new terms that have found a place in our language. The lexicon is now filled with new terms that in better economic times would never be on the tip of our tongue. Things like “short sell’, “deficit-neutral”, “bubble”, “derivative” and “speculator” to mind. The best one of all to hit the media is what ABC News is calling “The New Normal”. This New Normal is the lifestyle change we have all faced since the total collapse of the economic system back in October, 2008. It was not that long ago that credit was easy, gas was cheap, and people drove SUVs without the guilt trip. That’s not normal anymore. More »