Economies move in cycles. It is inevitable, irreversible, and largely uncontrollable.
I emphasize largely.
There have been a couple of adjustments recently – economists say, “No big deal – that usually happens when we have a period of rapid growth.”; but the media is feeding people’s fears.
A drop of 1.9% of the markets value is headlined as “Stocks Plunge!”
The market grew by 3%+ in December of last year. An adjustment of anything less than 6% or 7% is just that – an adjustment. As said Mr. Potter (he of It’s a Wonderful Life, not the one from The Prisoner of Azkaban):
These rubes panicked; but you and I, George, were the only ones who kept our heads. While they were all selling, you and I were the only ones buying.
Rough translation, pulled from foggy memory. Forgive me, oh Mr. Capra.
Are there ill winds blowing in the economy? Some, but the winds are currently light and variable. The subprime lenders are going to hurt us all, and one could argue that even some of the standard lenders have been marginally subby in their way of doing business for the last several years; but I’m not ready to cry “doom and gloom.” Not yet.
I have two brothers who have displayed an uncanny knack for getting this stuff right. One is an economist, the other a business owner

