Wiretap: Global sell-off tests U.S. economy

Testing…testing…

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.

Tough policies

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.

Panic attack

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.

Charting fear

How scary was Monday’s stock market drop? Vox has a chart – of course — to put it in perspective.

House divided

A possible Biden run would make it very tough for those in the Obama White House: Would they back Hillary or Joe? Via Politico.

Frump stump

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.”

Chill out

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.

Un-Trumpable

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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