No. But don't expect things to be rosy (or even pinkish) for quite a while.
All in all, it's good for this young generation (thinking under 25 or so) to experience such a thing. They've had it quite too easy.
Even some people my age and slightly older who didn't live through the late 70s or early 80s (or remember it) never went through bad times. It's good for them too.
The only reason why I know I'm different is because Houston in the mid 1980s to the early 1990s was in as bad of shape as the rest of the country was during the late 70s or early 80s.
Actually, it is good for the young because assets will be cheaper to buy, both real estate and securities. The real expected return for equities is higher than it was 3 years ago, and certainly 8 years ago.
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