Damage Assesment

As I've always said, recession is a normal part of the business cycle. There is no avoiding it. The upcoming recession is shaping up to be worse than its predecessors. A real catastrophe. The markets are in a shambles, and investors are battered. Their confidence is gone.
An unwinding of the economy is required in order for debts to be written off. Businesses also need to transform for the future.
The damage caused by the excessive Federal credit has been considerable. It will take years to fix the damage, and set the house aright too.