An unprecedented situation
As the world's economy teeters on collapse, everything is unprecedented. And that state of unprecedentedness is, in itself, unprecedented.
Just about every move that U.S. officials are taking is described as "unprecedented." And it's catching. Earlier today, I described yet another piece of bad news as "unprecedented, frantic steps". I was talking about the Wall Street Journal's "U.S. Rewrites Financial Playbook":
Now comes this late-breaking news from the Journal:
At last look, the Dow was still falling but gyrating wildly.
Finally, something that's not unprecedented.
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