Oh I completely agree, a lot of people firmly believed that the good times would never end and the down sloping of the economy even if it did happen wouldn't effect them as long as they put 8 hours a day at work.
We haven't had a recession like this in a long time and people foolishly blew their money and other peoples money without a thought to the cyclical variations of the economy. The most prevelent danger sign is the speed that people are declaring bankruptsy within days of losing their jobs because they can't afford or are unable to cut expenses due to credit obligations.
At the end of the day recessions are a big cleaning cycle. They get rid of companies that are run poorly, they get rid of people who can't justify what they do, and they destroy people who spend without thinking.
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My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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