At first my impression was that we were looking at a repeat of a cycle that happens every couple decades and that all would be well soon. So I checked the record going back 60 years.
Seems that the current dislocation is truly unique, and that we've got another serious concern for our "why-the-economy-stinks" list. Sure, there's lots of items on the "why-the-economy's-just-fine" list but some how I keep having to staple more new pages onto the first one...