From Bad to Worse and It'll Get More Worse

I'm literally surrounded by empty cubes and offices right now.

Crippled Economy Leaning on Broken Financial System
Nothing is working in our economy right now. Banks are not lending and corporate credit costs have shot through the roof. Companies have less access to money than before. Bank assets are rapidly losing value so they're becoming even less likely to lend. Lay offs will continue to roll out. No one is safe.

Deflationary Spiral
Falling costs were good for a while. Oil, gas and food costs are down. Things seemed cheaper. But now deflation is a threat. Companies can't keep prices stable, so they will fall. If those prices fall, your wages will fall.

However, your fixed payments won't move, effectively rising.

Lame-Duck
On top of that, we have lame-duck leadership in Washington.

It's Only Getting Worse. Period.
The economy was propped up on cheap credit and loose lending practices. Lenders and borrowers are now smarter. In order to adjust, GDP must fall. This includes major job cuts and a spike in unemployment.

The Unlikely, Only Solution
Lenders loosen wallets and people buy shit they don't need. But, that's not gonna happen. We've learned from our mistakes, and now we'll be cursed by the memory.