What's good for GM is not necessarily good for the rest of us, and vice versa.

I am not going to write my strategic analysis of Things to Come yet, but I will say that the key economic indicator to watch right now is the Unemployment Rate. That will determine which scenario will play out:
a quiet, slow liquidation of malinvested capital
or a crushing stagflation

Both will look like a "recession" but will have very different vectors for the average person.