Paul Krugman on the economic crisis:
"On a separate note, one good thing is that there haven’t been any reports of people on Wall Street jumping out of windows. That’s because the windows in modern office buildings don’t open."
This situation is truly unique, certainly in my lifetime. An amazing evaporation of wealth. There is not a single
stock exchange, anywhere in the world, that has not had dramatic declines in the last week. The globally integrated economy at its bleakest moment.
Fear pervades, incompetence leads, unobtainable promises flying, the country enters a new day.
