Monday, June 28, 2010

As Krugman Goes...

Well, poop:

We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense.

I've added a new tag: "dispatches from the apocalypse." Enjoy.