Nothing screeched to a halt. Money stopped flowing as freely as it once did. The layoffs are relatively massive, but the companies involved are still enormous o

Nothing screeched to a halt. Money stopped flowing as freely as it once did. The layoffs are relatively massive, but the companies involved are still enormous organizations. Things have slowed down, and things are fraying at the edges, but the economy is still largely fine. This is the intended outcome of the present monetary policy.