tripping over the obvious?

Found this headline amusing:
Worries That the Good Times Were Mostly a Mirage

I couldn't even get through the article; I wish you better luck.

The first line: So, how bad could this get?

Let's see, house prices (like stock prices) have been completely out of whack with reality for how long?? Umm...at the same time that the dollar is falling and the price of oil is at never before seen prices. Oh, and yet the gasoline prices in heavily Republican towns is still laughably low.

I could go on... there are the less obvious but no less troubling, such as the widening gap between the rich and the poor, the squeezing out of the middle class of important yet essential things such as higher education and home ownership.

Well... I guess if you base your economic knowledge on the State of the Union speeches given by the president or on the basis of how much you can charge on your credit card, then everything is just fine, and you can ignore all the latest news, too.