I recently gave a presentation at a Real Estate conference on the state of the economy, how it may impact the market and its potential impact on both residential and commercial real estate.  I cited a few resources, but also saw quite a few similarities to the last major recession that was not related to a bank or internet crash.   One goal of the presentation was to incite discussion on the marketplace.

What are your thoughts?  How does our current economy compare to 1979 and what do you think we should expect?