Obligatory what-the-hell-should-one-do? I think it's a good thing that I'm about to resume college for two years. Maybe surface on the other side of this contraction. It's also really concerning that, unless we're growing at a decent clip (with all the demands that places on our already-strained planet), alarm bells start to sound. Only mad men and economists believe it a sound policy.
Don't worry about shit beyond your power and focus on the stuff you can control. Right now I'm firmly of the opinion that US Economy is Best Economy (although I'm starting to think about Indian ETFs). The fact that we're all wondering whether or not the Fed is going to raise rates while everyone else has been negative for a year or more says a lot about the comparative health of the economy. Comparative. I say focus on things that are fun and don't cost a lot as well as things that are fun that might make a little money on the side. In a land of people who have left the workforce, the underemployed man is king...