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Even technology vendors that have thrived through the downturn, like Microsoft, acknowledge the shift in attitudes among corporate customers.
She noted that that downturn, like the current one, was accompanied by a banking crisis -- the savings and loan collapse of the 1980s -- and significant regulatory changes.
In other instances, fledgling companies that did survive the downturn — like Break.com, dedicated to goofball videos and original Webisodes — have recently started to make waves again.
And agencies in cities hit harder by the downturn, like Boston, New York and San Francisco, are still laying off employees.
And many economists say that in a global downturn like the current one, no market seems able to rescue the others, for example, by buying their exports.
That keeps some members hardest hit by the economic downturn, like Ireland, Spain, Italy and Greece, from unilaterally taking radical steps to stimulate their economies.
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In a keynote address before entrepreneurs on Saturday, Tsipras said there was finally "light at the end of the tunnel" to end Greece's downturn, the likes of which no advanced western economy has known in modern times.
Still, the theory of rational expectations seems to have some traction in downturns like this one.
But Germans argue that their approach has helped the country avoid downturns like those that have hit Spain and Italy and are threatening France.
One new analysis notes that art-market downturns, like stock-market downturns, offer tempting opportunities to get great stuff on the cheap.
After all, despite downturns like the one we've endured recently, stocks over periods of 30 or more years have almost always outperformed other asset classes.
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