Whoops.


A bull toy is fixed at a computer display during a trading session on the trading floor of Frankfurt stock exchange October 8, 2008 in Frankfurt, Germany. Due to the weakness of the world economy the German stock market remains volatile. (Photo by Ralph Orlowski/Getty Images Europe)  

The above photo is from the trading floor of the Frankfurt stock exchange, but the message is universal: We’re screwed. Like, globally.

Here are some cheery quotes:

“The fat lady sings.”
-JPMorgan Chase in a letter to its clients

“This is the big one – the biggest financial crisis since the Great Depression.”
-Financial Historian, Niall Ferguson

“Rather than being contained, the credit crisis has gone viral.”
US News & World Report

“The same credit explosion that was driving up home prices is going to work toward driving them down.”
-Harvard economist, Kenneth Rogoff

“Holy fucking shit!”
-Some dude at Quiznos

“People who are most at risk are those that are five years out and five year in to retirement.”
-Managing Director of financial advisory firm Harris SBSB, Mark Johannessen

“In 20 years, this is the most scared I’ve seen people.”
-Chief Executive on Integrated Wealth Management, Gary Hager

“I have never seen this population more concerned than they are today.”
-Director of the Innovation and Entrepreneurship Program at Clark University, George Gendron



A trader looks on during a trading session on the trading floor of Frankfurt stock exchangeon October 8, 2008 in Frankfurt, Germany. Due to the weakness of the world economy the German stock market remains volatile.
A trader looks on during a trading session on the trading floor of Frankfurt stock exchangeon October 8, 2008 in Frankfurt, Germany. Due to the weakness of the world economy the German stock market remains volatile. (Photo by Ralph Orlowski/Getty Images Europe)

Secretary Henry M. Paulson answers questions during a press conference at the Treasury Department October 8, 2008 in Washington, DC. During the press conference Paulson commented on the current financial crisis facing international economies. Secretary Henry M. Paulson answers questions during a press conference at the Treasury Department October 8, 2008 in Washington, DC. During the press conference Paulson commented on the current financial crisis facing international economies. (Photo by Win McNamee/Getty Images North America)


Jeff Linforth stands at the Chicago Board of Trade signal offers in the Standard & Poors stock index futures pit near the open of trading September 29, 2008 in Chicago, Illinois. Stocks fell at the open as traders waited for Congress to vote on the $700 billion plan to rescue troubled financial companies.
Jeff Linforth stands at the Chicago Board of Trade signal offers in the Standard & Poors stock index futures pit near the open of trading September 29, 2008 in Chicago, Illinois. Stocks fell at the open as traders waited for Congress to vote on the $700 billion plan to rescue troubled financial companies. (Photo by Scott Olson/Getty Images North America)


A trader works on the floor of the New York Stock Exchange September 29, 2008 in New York City. In afternoon trading The Dow Jones industrial average lost over 500 points. A trader works on the floor of the New York Stock Exchange September 29, 2008 in New York City. In afternoon trading The Dow Jones industrial average lost over 500 points. (Photo by Spencer Platt/Getty Images North America)

More tragic photos:
  • Treasury Secretary Paulson Holds Pre-G7 Press Conference
  • Treasury Secretary Paulson Holds Pre-G7 Press Conference
  • Treasury Secretary Paulson Holds Pre-G7 Press Conference
  • Treasury Secretary Paulson Holds Pre-G7 Press Conference
  • Treasury Secretary Paulson Holds Pre-G7 Press Conference
  • Treasury Secretary Paulson Holds Pre-G7 Press Conference
  • Treasury Secretary Paulson Holds Pre-G7 Press Conference
  • Treasury Secretary Paulson Holds Pre-G7 Press Conference
  • Financial Markets Drop Ahead Of Bailout Legislation
  • Financial Markets Drop Ahead Of Bailout Legislation
  • Financial Markets Drop Ahead Of Bailout Legislation
  • Financial Markets Drop Ahead Of Bailout Legislation
  • Financial Markets Drop Ahead Of Bailout Legislation
  • Financial Markets Drop Ahead Of Bailout Legislation
  • Financial Markets Drop Ahead Of Bailout Legislation
  • Financial Markets Drop Ahead Of Bailout Legislation
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