Has The Australian done a backflip? A few days ago, as noted in this blog, The Australian tried to mark the turning point for the economic and market crisis by switching the strap headline across its coverage from "The long slow crash of '08" to "The road to recovery".
Alas, share markets immediately nosedived again, United States data confirmed a recession, and signals firmed that one great hope for our economy, Chinese demand for our resources, appeared to be slowing.
So today, if you haven't noted it already, it's our solemn duty to inform you that the strap in today's Australian has reverted to the Long Slow Crash of 'o8.
Over on the Oz's high-powered Business section they just stayed with the more sober strap, "Global Financial Crisis".