WALTER RUSSELL MEAD: PANIC? “That’s what we’ve been seeing on world markets since Thursday trading began in Asia; this morning it hit the US with the kind of sickening thud we remember too well from 2008. Amid the general hurricane of bad economic news a few things stand out. . . . I think the odds still favor outcomes well short of catastrophic and worst case scenarios — but the global economy is now in the catastrophe zone where speculation about such scenarios is no longer science fiction but becomes part of prudent planning.”
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.