\'The singular feature of the great crash of \'29 was that the worst continued to worsen.\'
Yes, we know things look pretty awful today, but tonight - as we bring you the day\'s events on NEWSNIGHT - we\'re going BIG with the Newsnight Editors\' take on the global economic crisis. This evening we\'re asking how much has fundamentally been changed in our lives by everything that\'s happened over the past weeks.
Our Economics Editor will be analyzing whether we\'re on the brink of a system-wide meltdown of the world economy. And, for once, the answer could actually be yes.
Our Political Editor will be analyzing why the words - and indeed many of the policies - of the political class now seem remote and out of date.
And our Diplomatic Editor will be looking at the geo-political aftershocks that are likely to arise as a result of what we\'re seeing this autumn. His defense contacts now tell him \'all options are on the table\'.
The Black Swan
Here in the studio I\'ll be talking to Nassim Nicholas Taleb, author of The Black Swan. He made money in the 1987 stock market crash, and eventually walked away from Wall Street and hedge funds and turned into an aggressively no-nonsense philosopher. The predictions he makes in his 2006 book are actually coming true right now. And his theory? Throw away the market models. The really big stuff - whether it\'s war, weather, terrorism or economic crisis - is impossible to predict. I\'ll let him explain it better. His world view is pretty extraordinary. As one critic wrote of him:
\"Had Nassim Taleb been born in any other period, he would have certainly been put to death.\"
He\'ll be joined by Harvard economist, Kenneth Rogoff, and global economic expert, Linda Yueh.
We\'ll have all the latest on the day\'s developments too, but tonight the programme hopes to ask whether things will ever, truly, get back to normal.
I do hope you join us. You may need a glass in your hand.