All the above and more.
Here we are cruising along, sun's shining, blue sky, everything is roses.
Whether we like it or not we are in "coffin corner" country.
Let's lower the nose and go in for a hard landing yet a controlled one.
No, CEO Bernanke and board members Geithner etc are intent on keeping "Capitalistic Airways" afloat and squeezing every last cent of profit out of the operation. Hangover from previous CEO's "Greedspan's" indoctrination.
One of two things can now happen.
Highly unlikely, but possible...
We continue "quantative easing" ie printing money, or if you like, burning more kero.
Overdoing it, (to the extreme), will tip us over the curve and into a Hyper deflationary dive.
Alternatively, we sit on our hands and hope that everything continues on its merry way.
Chances are, (and highly likely) we hit a pocket of turbulence and unintentionally enter a deflationary dive.
God help us.
What are your recovery methods like?
That's my tuppence worth.... Prepare.