Would you be kind enough to tell me whether I am right with my interpretation of the expressions in bold in the following sentence?
People's jobs are going down the plughole, incomes are dwindling, financial institutions are tottering and some banks are not only wobbling but are actually falling flat on their face.
go down the plughole = if a plan or work goes down the plughole, it fails or is wasted
dwindle = become smaller or lose substance
totter = move without being stable, as if threatening to fall
wobble = move unsteadily
fell flat = to fail miserably when attempting to achieve a result.
Thanks for your efforts.