Yep, all that wanton loaning and borrowing and submortgaging has come back to bite us in the a**. As we speak, the effects are rippling around the globe. A recession is on its way, people, and they're ain't that much any president's going to be able to stop it... though any president-elect'd be better than the current one.
Our present mood, in sum, is a rational lack of exuberance.