I think I can officially cease posts on the credit crisis …. its finally official that the impact is far reaching into all aspects of the worlds economies. Back to normal programming for me.
FT.com / Columnists / John Authers – The Short View: US recession
Now we have clarity. Last week’s awful employment data from the US ended all arguments about whether the US is heading for a recession: it is already in one. Now we need only argue about its severity and its duration
Bankwatch 
Now, lets see if the government will acknowledge it.
@Aiden ….. as you suggest, I think we are a long way from admission this is happening. As someone who is a little older, I can safely say we are in a crisis here, and we will see worse before we see better.