I will admit that I sometimes enjoy being mildly alarmist. Still, recent events notwithstanding, some of my recent posts ("Panic", "Hindenberg") may have been counter-productive to those readers actually inclined toward hysteria. As Janet Reid reminds us, it is not the time to start dreeing your weird.
(Well, ok. For the people who have lost their jobs just before the holidays, probably it is.)
But for those of us still at sea on the great ship of publishing, this economy is not our iceberg. We've just hit some really choppy water. Work will likely be harder in the immediate future. We'll feel particularly bad about those colleagues we know who are out on their butts. There will be more drinking in publishing circles (marginally, as we've already set a pretty high bar for ourselves).
However: we will get through this. If you find wailing through the streets personally cathartic, though, feel free.