Wouldn't you rather panic??

Making Sense of a Scared New World

"Let’s start at the beginning. As far as we know to date — and this could well change — we are not in a recession. Unemployment is far below recession levels, as are new claims for unemployment payments. The number of hours worked has barely budged from its highs. In the most recent reporting quarter (the fourth quarter of 2007), there was still positive economic growth, though barely."