economic depression

For about a year now, I've been hearing about the likelihood of a big economic slow-down, a recession or even a depression; first from a family member and for the past six months, from the news. The economic shit hit the fan last month, when several major and seemingly stable financial institutions either failed, were bailed out by the Fed or bought by more solvent corporations. The chant that I heard from just one person has now become a choir, as everyone has finally woken up to the fact that we are in deep trouble. As I write this, I…