[Xichekolas]

I didn't read GP post as saying the economy would be fine ... but nor will it be the all ending apocalypse where starving soccer moms sell their children into slavery to pay their mortgages.

Frankly if the world really is doomed, what are we going to do about it anyway? Why waste all this effort fretting over a 1% chance that we can't really change or prepare for, when we should be paying attention to the 99% likelihood that we will need to keep working in the existing economic framework.

Sure, it's ridiculous to argue that the economy will always be fine because it always has been, but it's equally silly to say that just because the current situation is new and confusing (and maybe even scary) that we should all quit our jobs, buy land in Montana, and stock up on guns to fight off bandits.

All this economic doomsday talk over the credit crunch is starting to sound like Y2K all over again.