I think this time its more than a recession
I really think this is the beginning of the end of capitalism as we know it. The key to my conclusion: high energy prices that cannot be sustained and no clear alternative in sight that is cheap enough.
The main point is that humanity is not ready for the standards that America is trying to set. We are running out of energy options among many other troubles. This is it!
Of course another major problem that will add to the downfall is America's inability to pay off its debts on a macro as well as on a micro scale. Most Americans are in debt and the country is in debt. This cannot go on indefinitely without implications.
Welcome to the beginning of the end of pure greed and lust for money and profit. Soon we will have to all change our thinking and respect one another on a whole another scale if we are to survive.
Simple living, intellectualism and respect for nature are on the horizon. Enjoy!