Meier, in better times. Courtesy Cornell

There’s been a lot of questions about how the so-called credit crisis might impact the architecture and design industries. We’ve been tracking this for months, but so far no one has exactly admitted to apocalypse. Until now.

At a Vanity Fair party on Monday–the day the Dow dropped 504 points–man about town Richard Meier had some dour words for the Observer:

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