When Toyota out of all companies says it expects demand for its cars to be lower what does it tell you? When toyota sales are down significantly (I think like 20%) what does it tell you? It can't be the product since Toyota's cars are either #1 or #2 in practically every segment. When the governments around the world have to spend TRILLIONS to prop up the financial system it clearly tells you something. Just because meaningless GDP figures have not dipped into the negative for 2 consecutive does not mean the financial system is healthy.
It is true that some sectors are facing difficulties (transport, financial, home builders), but others are still reporting strong growth such as tech. As for the trillions of dollars in bailouts, we are in a deflationary economic situation as evidenced by falling commodities and a rising dollar, and falling CPI. The proper responce by the fed is to infuse liquidity. Even of the economy does dip, it will be very short lived because of the vigourous response by central banks.