A decade after the crisis, it’s a different world

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Back in 2008, we learned the hard way that good times can morph into bad times before most of us realize what’s happening. Where are we now?

Although the US housing market had begun showing cracks by 2007, after a heady run-up in prices across the country, it still came as a shock when venerable Lehman Brothers went under in September 2008. Few people imagined how events would snowball from there, as credit markets worldwide seized up and set off the first global recession since World War II.

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A decade later, we’ve come a long way on the road to recovery: the United States has experienced a record-setting bull market, and unemployment is at


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