Betting on the Uncertain

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If you think hard, you might be able to remember the good old days of, say, this past summer — back when some economists still had an argument for using terms like “slowdown” or “softness” in place of the dreaded “r” word. How quickly things change. The bleak news of September has plunged us not only into recession, but into one of its most dismal and enduring byproducts: consumer uncertainty.

The coming year promises few remedies for that, and we’ll see more evidence of how they choose to cope — but, as with so many other things, bad news is what you make of it.

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