The "Recession" (large ecconomic downturn of some form) is comming because a large portion of all ecconomic growth over the last 10 years was caused by a combination of increased home prices and people being able to pull the equity out of their home; in other words, the growth of the US ecconomy has been dependant on borrowed money which is no longer available. Whether you face Stagflation, a Recession, or (potentially) something new there are hard times comming up.
With all ecconomic downturns people will be less likely to make large purchases either because they're worried about their job or the increased cost of living (higher oil prices as an example) eat away at their extra money; at the same time people tend to spend more money on inexpensive entertainment (like videogames) and cut back on larger entertainment spending.
