The collateral damage from the housing market is already baked in the cake: Expect a continued slump in residential construction activity and employment, lower house prices that will force more subprime lenders to the wall and put strains on the most leveraged parts of the financial system and a slowdown in consumption expenditures.

FORBES: Magazine Article

From September its OnStar service, which provides navigation and emergency services to drivers, will include a system called Stolen Vehicle Slowdown.

ECONOMIST: Monitor

Analysts worry that some of the money going into these products has been used to make high-interest loans to risky private businesses shunned by the banks themselves, a phenomenon critics say could exaggerate loan and investment losses in China's financial system if an economic slowdown led to widespread defaults.

WSJ: China Tightens Regulations on Wealth Management

Closer to home, airlines have struggled this week with delays caused by a slowdown in the federal air traffic control system.

NPR: UPS 1Q Profit Rises 7 Percent

Less clear is how the system will cope with a financial shock caused, say, by a sharp slowdown in the United States.

ECONOMIST: Floating with an anchor | The

The medical devices maker, however, could see a slowdown in the growth in prostatectomies (prostate surgery) procedures performed through the system.

FORBES: Intuitive Surgical Earnings Preview: What We Are Watching

As the economy and passenger usage recover, as they eventually will, America's civil aviation system will once more be as dysfunctional as it was before this year's economic slowdown.

FORBES: THE AUSTRIAN SOLUTION

As the economy and passenger usage recover, as they eventually will, our civil aviation system will once more be as dysfunctional as it was before this year's economic slowdown.

FORBES: The Austrian Solution