I was visiting with friends (work-related) at a business yesterday afternoon and 5 guys came in looking for work within 30 minutes. The guy there said he'd never seen anything like it in his time. People come in just long enough to keep their unemployment checks coming, but this seemed different. These guys coming around wanted to work. You could tell by the questions they were asking and how they were setting it up to come back and ask some more. I'm thinking both guys I knew have worked around there for 20 years or so.
My fear is that it hasn't even started yet. Once it becomes clear that the US and global government is helpless to correct the situation, we'll have a sharp bottom and a probable depression. The only thing the government has done thus far is reverse any true corrective action, and labeled it as just too painful to consider and mostly politically unwise. The politicians are killing us.