Wiretap: Global sell-off tests U.S. economy
…and more news crashing around the world.
How the global sell-off is a major test of the U.S. economy’s resilience. Is it strong enough to stay solid as China slips and Europe wobbles? Via The Los Angeles Times.
Krugman on the market sell-off and the world economy: People don’t like to be told that tough-minded policies will make things worse. But, he says, they will. Via The New York Times.
Sell-offs are not just about fundamentals. They’re also about psychology. “That doesn’t mean it’s not dangerous,” says David Kelly, chief global strategist for JPMorgan Funds. “The biggest risk here is that we all collectively lose our nerves at the same time. Via The New York Times.
How scary was Monday’s stock market drop? Vox has a chart – of course — to put it in perspective.
A possible Biden run would make it very tough for those in the Obama White House: Would they back Hillary or Joe? Via Politico.
Why do the kids feel the Bern? The New Yorker notes that Sanders is “nearly seventy-four, dresses like Willy Loman, and can name, from direct memory, the (Brooklyn) Dodgers lineup from the year 1951.”
Jeb! goes to the border to say that the whole “anchor baby” thing was really about Asians taking advantage of birthright citizenship. He advises that we “chill.” Via The Washington Post.
Milbank: Scott Walker falls flat on his face. Which is what happens when you try to out-Trump the Donald. Via The Washington Post.
Photo credit: See-ming Lee, Creative Commons, Flickr.
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