No, I thought it was a pretty much flat out statement of fact given recent events.
Unless you've been paying a lot of attention, and really paying a LOT of lotta attention, tracking the numbers, adding them up and all, then you more than likely have no idea how bad things really are. No worries, everybody gonna find out come January, and March looks to be a very, very bad month.
Really, I'd stock up some rice and beans. Not kidding.