hat tip jka on economics UK

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From the Washington Post by the fabulous Tom Toles:

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Source
Tom Toles Cartoons – Washington Post

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Source
Tom Toles Cartoons – Washington Post

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Tom Toles is absolutely terrific. He captures the mood of the day so well in his cartoons, that it really puts paid to the aphorism that a picture is worth a thousand words.

Source
Tom Toles Cartoons, Washington Post

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I caught this photo via the Wall Street Journal’s blog Market Beat by David Gaffen. This sell-off now ranks as one of the three worst in the last 100 hundred years.

Very sobering.

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Marshall Auerback sent me this picture from some treacherous highway. Kind of fitting.

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This comes from the LA Times:

October 7, 2003, Simi Valley

In Simi Valley, in 2003, people camped out for the chance to buy a yet-unbuilt condo for about $300,000.
Photo Credit: Bob Carey, L.A.Times

July 14, 2008, Pasadena

In Pasadena today, depositors line up to take their money out of IndyMac Federal bank on its first day of operation as a federally-run bank.
Photo Credit: Al Seib, L.A. Times

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