“May you live in interesting times” is a quotation that has been used a fair amount recently in discussions of the current economic situation.

Although the origins of the phrase are uncertain — it is sometimes referred to as one of three ancient Chinese curses, but no such expressions can be found in any Chinese texts — its meaning is clear: interesting times can be difficult times for those who must endure them.

The phrase took on a whole new meaning for the United States last night, as Barack Obama’s election marked the beginning of a very interesting new era of politics. With echoes of John Kennedy, Martin Luther King, and even the Roman statesman Cicero in his speech in Grant Park, President-elect Obama spoke of his optimism and hope and determination as he looks to the many challenges that lie ahead. The weeks, months and years to come will be interesting, indeed!