So we are on kind of a bad ripple right now, but the overall economy is still sound, and has good prospects of recovery. A few will be hurt (there always are in any readjustment), but rarely is the injury permanent or totally disabling.
America survived the Great Depression, in spite of all the efforts under the New Deal to prolong it far beyond the normal cycle. Natural market forces WOULD have had the problems solved by 1935, if all the social engineers had just kept their hands off. As it was, the Great Depression was worse in 1938 than it was in 1933.
There would have been a Communist revolution in the United States if the New Deal hadn't been tried. People were hungry and needed hope, and the various communist parties around at the time were growing in numbers as a result. FDR saved America from going Red.
And in the end it was government spending (in the form of World War II), not capitalism, that ended the Depression.