Lagoona22: Do you think the recession is sector-based, or do you think it's more generalized?
I see it all coming from the lost lift in the construction, which is really the source of income for many countries. The secondary effect hits all and there is a kind of selection and sifting going on.
My thoughts for what follows?
If you got your schedule filled, you will be better off than ever on the other side of it, if not, you will have found a new profession most probably. If you are in the latter group, get that education done now already and stand prepared when things gets moving again.
Since tomorrow WILL be a new world, aim for "new thinking" areas, the Copenhagen meet this winter will confirm that. Go into renewable energies, aid-investment for up and coming former third world countries, a new language from the Kishwahili / Indian / Chinese or Portuguese range, micro credit systems or any other similar field. Forget conglomerates and global power control, the growth will no longer be there.
Finally, I would like to add...