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Found art in the kitchen sink -- Copyright Kyi May Kaung
http://www.mydigitalfc.com/art-and-culture/gagosian-pulls-art-sales-out-thinning-air-928
My point of view is true quality will ride out all boom-bust cycles.
And as an artist, all I need to do is keep painting. That's not too difficult.
Writers can keep writing. Fantasy always sells, especially when things are down. As I am a writer too, I am strangely OK. Besides, I come from Burma where people continue in conditions lower than in any developed country.
Visual and plastic artists and writers can make art from anything. If things are bad, there are more stories.
Short comment Copyright Kyi May Kaung.