The current global economic problems are very BIG, whether or not ppl recognize it or not......could well be more far-reaching and calamitous than any natural disaster.
Many common folks think this is only a rich people problem.
Was the Great Depression of the 30s only a rich person problem? Not likely, everyone was impacted by that time.
A monster credit shortage and a global recession/depression will impact all ppl - jobs will be lost, homes devalued and some lost to foreclosure, etc.
Already there are job losses, and not just in the US, the mfg sector in Canada is being hurt by declining auto sales, declining sales of home appliaces/renovation materials; and now there is concern that Canada's strong suit - it's resources and commodities will be in less demand.
Everyone will be hurt.