Somewhere I found this excellent article. Read it. Like right now.
We are in deeper doo-doo than I thought. I started the day researching an article on the economy and came across this gem. This article explains a lot of what's wrong with the economy right now, and gives us a fairly straightforward idea of what to expect.
I just cashed out 2 weeks of vacation in anticipation of my Class A LTC coming in the mail soon. I need to sit down and break out my preparations int a plan with definitive phases. Once I have the plan, then I need to stick to it. I have already begun in reducing the amount of $ I am spending in order to save for a financial disaster. I slacked off to much at work to research the original post I was going to write so I need to bust my hump for the rest of the afternoon to make up the work.
I'm not suggesting we panic, I am saying we need to keep doing what we are already doing. Don't let the direness of the situation drive you to do something silly, like take out an equity loan for canned goods and shotguns. Keep an even keel, but keep an eye on the horizon for the Storm.