Starting up on a bad economy

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With the US and Europe banks falling like bowling pins all around, I keep hearing - this is only the tip of the ice berg - I do question myself - Is it wise to start up now? So I keep my eyes peeled for any news on startup and recession in the same line.

Here is a an article on how its good to start a startup during recession. 

For hackers - your competition is less. You cohackers and competitors are probably hanging tight to their jobs or going to join a job or doing their degree.  Also things will be cheaper during recession. And Apple,Google,Microsoft all started on a recession.

For investors - buy when the market is bad. Invest in start ups now - against conventional wisdom - so when market picks up and start up is not start up any more - you reap better rewards. 

Thats what I read ( I read what I want to hear :D)  - you can make your own views from the article.

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