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Finance and the Real Economy Can’t Stay Out of Sync Forever

Have you ever been to a place where time had a different quality? Maybe you grew up in a rural area of the Midwest and upon moving to New York were struck, like many before you, by its whirlwind cadence. Maybe you grew up in a bustling capital city but, upon visiting a coastal seaside town, you fell in love with the slower, sleepier pace of life.

I have spent most of my life residing in places where time moves pretty quickly, kept ticking along by semesters, quarters, deadlines, bills to pay, money to make and errands to run. When traveling, I have often wondered at the relaxed pace of the cities and towns I had the privilege of passing through. Places where a morning coffee could be a 90-minute experience. Places where middle-aged men sit in lawn chairs outside their homes on sunny Thursday afternoons and sip a beer. Places where the afternoon nap is still a fixture. Places where children play in the streets until dusk or dinnertime.

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