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The economy will start to turn around in about a year, I agree with that.
I would say as much as 30% of the slowdown is caused by people overreacting to the bad news they heard 20 times a day.
I've been reading and watching the news since I was pretty young (I was a weird kid) and I've never experienced anything like the past 3 months. The shear amount of doom and gloom is TOTALLY unprecedented.
Don't forget, and this is very important, the economy didn't just start getting bad this past fall as the news would have you believe, it has been going downhill for several years which means we are approaching the end. This is NOT the beginning.
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