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The world economy is looking sour, and you were hurt by the last big downturn.
Analysts say the decline in gasoline use may have bottomed out, barring a further big downturn in the economy.
The central bank's money could be crucial for the European car industry, which appears to be headed for its second big downturn since the beginning of 2009.
Thus far, although loan losses and home repossessions are rising sharply, they are still low compared with the last big downturn, in the early 1990s (see chart).
Applications are climbing modestly after a big downturn in the mid-1990's, but they remain below the level of a decade ago.
But she said: "This one is a really big downturn, a scary one that isn't confined to one niche or one segment of the country.
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However, avoiding the really big downturns is what we most need it to do.
The International Labour Organisation suggests that 20m jobs will be lost, globally, this year, and gives warning that the rich are bound to close doors.The lessons from other big downturns suggest that migrants will suffer.
Still, Mr Mead's argument rests on the principle that big downturns cleanse resilient capitalist economies of weaker actors, thus further entrenching the growth-producing capitalist system where it survives.
We certainly do not mean to sound cavalier about the swirling news out of Washington, and we realize that big downturns can happen quickly (as was the case on Friday morning), but we see no reason to alter our optimistic outlook for the long-term prospects of our undervalued stocks.
The biggest downturn last fall appears to have been at Random House.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com