Of course it is bleak and things will continue to look awful throughout the economy for many years. The impact is very real. I receive weekly updates on a small food bank I support in Los Angeles and the numbers of people seeking a warm meal have increased 300-400% over last year. But, I would argue that humanity has overcome unbelievable odds and WON! During the black plague in Europe half the population died within a 50 year period. info here. Stay strong, fight and we will overcome our current financial crisis. Afterall, it is a human problem that we can fix. The mountain is tall and the struggle will be great but we can reach the top again. Never give up. Things will get better with time.