I live in Western Europe. Don't know anyone who lost his job. Those I know from hearsay who lost their job (with and without higher education) found new ones within a short timeframe. Don't know anyone who had to cut back. Don't know anyone who cares about 'the economy.' I do not hang in upper class kompany. Pure Middle class. Two worker couples who have to work hard to pay the bills. Still, 1 out of 10 live below the poverty line here in my country. I guess they all live together in their neighbourhoods and the fact we have a very extensive social security is responsible for this crisis so far being mostly something I read about on Zero Hedge. How about you?