Econopocalypse: NY Times' Cover Shows How Bad It Is

Posted by Digby, Hullabaloo at 2:41 PM on March 2, 2009.

This is one scary front page.

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I looked at the front page of the paper this morning and wondered for a moment if I was looking at one of those historical documents about which scholars would wonder if those who read it in real time had a clue about the scale of what was happening:

There's a run on the banks in Ukraine, the world's biggest insurer suffered the highest quarterly losses in corporate history, Europe is starting to come apart --- with Germany being the lead player. Major change seems to be rumbling in a bunch of different ways right now --- with echoes of the past overlaid with things we've never seen before. Maybe it's just a blip. But maybe not.

Tagged as: new york times, econopocalypse

Digby is the proprietor of Hullabaloo.