I voted that we are heading for world wide depression, and I believe that
we are in a severe recession right now. The problem as I see it, is the
perception of the general public.
If the general population fears that there are rough times ahead, then they
pull back their money for when things get tougher. Problem is, that when
they hold back their money then they slow the economy down, which then
contributes to the problem....slippery slope time folks.
Right now, we are very close to the point where you just start to slide.
You can get out of the slide still, but all it's going to take is one or
two more slugs to the economy and away we go.

My $3.95 ($0.02 adjusted for inflation, currency exchange, and taxes)