What do folks think? I'm not an economist, but like a lot of folks, I've got a 401k and other investments that are currently being pounded by the falling stock market. Is this a market correction, or are we now at the beginning of a new recession? I tend to think the latter, since a lot of Americans have been hit hard by the subprime market collapse, live paycheck to paycheck, and the entire country seems to be debt-financed. A lot of these chickens seem to be coming home to roost right now.