My best guess is inflation. Bernanke is not going to let deflation take hold, but he can't force people to borrow. So his only choice is pure inflation, people will realize this and spend and speculate. The markets will do ok since they join in the speculation. But that will just mean we will get a big inflation blowoff before our recession instead of just a recession.
We shall see. In the meantime, I’ve been advising, everyone I know for the past 9 months, get out of debt, don’t make any large purchases, put away money....get emergency supplies in order.