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Covering the credit crunch

By James Crabtree  

It’s bad out there. But can even the collapse in global markets justify the increasingly frenetic coverage of financial markets? Things have got so gloomy that, this morning, the Guardian has launched a new “Crisis Watch” column, in which resident in-house doom mongers

“Larry Elliott and Will Hutton will analyse the latest developments in the financial crisis every Tuesday to Friday for the coming weeks”

If, in the coming days, the paper feels obliged to put Hutton on twice-daily rotation, we can be assured the end is nigh. Elsewhere, television increasingly resembles wartime, with breathless front-line reports and whizzy, graphically…

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