[Porsche-O-Phile]

Yes, the media is sensationalist.

However, the current problems lurking under the surface of the financial sector are very, very bad. There is no guarantee there will be a collapse, but it wouldn't surprise me either. Don't forget that just a month or so ago there was emergency action required to prevent a run on banks. That's just the first of many shoes to drop.

If a recession really starts to take hold and we start seeing unemployment jumping up, inflation jumping up, etc. these underlying problems can amplify the effects of those problems. Fortunately we haven't seen it. . . yet, but the situation overall is very, very tenuous. If things reach a tipping point (which I think we're close to), it's going to snowball in a bad way in a big hurry. This is not "fear to sell newspapers", it's looking at how completely over-exposed the economy is.