Aparently we didn't learn our lesson the first time. This is all happening again, so let's talk about what to do when it goes down. The subprime loans are becoming a serious issue to our economy AGAIN, if things continue down this path it will only be a couple more years before we have another 2008. Some food for thought. How do we prep for this? Get out of debt, right now. Make sure that you have cash saved for the rainy day, just in case you need to pay bills for a couple of months with no income. Learn to live with less. You don't need all the coolest or latest gear, control your impulse buys. Did I miss anything?