The document discusses how consumers are reacting to the global economic recession by becoming more cautious with their spending. It notes consumers are fulfilling basic needs over discretionary needs, investments are on hold, and people are downgrading stores and brands. The document suggests how marketing should respond, including prioritizing spending, leveraging inertia, focusing on income, and using multi-sensory marketing. It proposes using new media concepts like hot air airships to create impact and visibility. Other suggestions include cab advertising, events, and commercials to connect with consumers through effective interaction points.