With the world stock markets crashing and economies looking at extended recessions. What do you feel the effects will be in the ESL industry?

Perhaps:
- With the USA's decline and increase in importance of China and India, less people finding such importance in learning the English language.

- Economy slowdown, meaning people have less money to spend attending English classes.

- Many Americans looking to cash in on a fallen dollar, by heading overseas to work (ESL would be a major market flooded with new jobseekers)

Just some thoughts, any more?