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.