Seems like the perfect storm - everyone is sort of scared, lost their job or scared about losing their job - so if one does not have cash - don’t buy - plus Obama is on the other side spending like a drunken sailor and promising even more spending - next is tax increases across the board and inflation.
We are so screwed.
I've seen that phase quite often now and submit we coin a new acronym: "WASS". I suspect it will be as common as "LOL".