This grim thought pushed interest rates lower, with the yield on the Treasurys 10-year note falling to 4.29percentt, from 4.38percentt a week earlier and not far above its record low of 4.18percentt last November.
Every so often, he cuts out the soundtrack, emphatically, almost crudely, and has a voiceover point out some grim point of interest along the roadside: the corpse of an anonymous construction worker hit by a car because the pedestrian crossing was inconvenient for the building site; later, there's a roadside memorial for a horrific crash 10 years before.
Star struck Wall Street's pawnbrokers Plumbing the depths Passive aggression Popping sounds The teetotallers' hangover ReprintsWith news this grim, why not cut interest rates by more?
Housing may be bottoming, as stocks of unsold homes drop and price declines slow, but the credit crunch shows no sign of easing.These grim forecasts have fuelled interest in a second stimulus package.
That's true, though it's hard to see what difference it makes: if thinktanks survive and prosper because their position just happens consistently to align with the grimmest of corporate interests, the politics of the relationship don't change very much.
No one bats an eyelid when I take a prurient interest in the grim 19th-century canvases on display in the mess depicting British derring-do in the face of turbaned hordes in the Sudan and Afghanistan.
While Carson Yeung, principal of the £81.5m takeover of City from David Sullivan and David Gold in 2009, is in prison after a conviction for money-laundering in March, the Hong Kong parent company, Birmingham International Holdings Ltd, shows scant interest in the grim decline it has overseen at St Andrew's.
Facebook is the Ant, stashing resources for the winter with grim determination, regardless of which interest groups might be hurt in the short term (among them: investment bankers who were squeezed down to 1% commissions and retail investors who bought high).
If the future of news were really so grim, would Mr. Murdoch be interested?
I started reading "Rabid: A Cultural History of the World's Most Diabolical Virus," a new all-about book, thinking that I would be most interested in the grim anecdotes and lurid details the book promises, and delivers.
