Oof, maybe not so short!

CNNMoney:
"We have a deadly combination of commodity price inflation and credit contraction," said University of Maryland economics professor Peter Morici. "It's tough to imagine a worse combination. In a worst case scenario, the recession could last several years."

Cuts, Wounds that Oil does not salve

Fed rate cut gooses stocks, but does not affect the fundamental flaw in the economy: overspending at ridiculous rates of credit. Oil interests continue doing their share to disservice prosperity by jacking oil up toward $100 per barrel. The oil and banking interests seem bent on "killing the golden-egg-laying goose".

Credit Crunch part II

Hmmm...where have I heard this before...? Oh, yes! From my own lips...
(as opposed to other "expert" opinions" spoken from the other orifice)
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CNN MONEY/FORTUNE: The $915B Bomb
Americans have record credit-card debt and banks are starting to sweat an uptick in default rates, reports Fortune's Peter Gumbel. Why some fear this could be the next subprime.

Recession Probablility: 70%