The international financial crisis and the recession

Andreas Whittam Smith, the First Church Estates Commissioner, gives a brief account of the present financial situation and recession in a General Synod briefing paper, posted here by Thinking Anglicans.

It makes pretty grim reading, especially when he gets to the conclusion:

It is a doomsday machine … The recession will continue until this [de-leveraging] process is over.

But isn’t a doomsday machine one that is designed to bring about the day of doom? And doesn’t that mean it won’t ever stop, but will go on until, um, doomsday?