The Navarro Recession, II - WSJ Editorial

[progree]

3. But unlike during the Great Recession, global leaders are not working in unison ...

https://www.washingtonpost.com/business/2019/08/14/stocks-tank-another-recession-warning-surfaces/

Two of the world's largest economies, Germany and the United Kingdom, appear to be contracting. Argentina's stock market fell nearly 50 percent in recent days, and growth in China has slowed.

Whether the events presage an economic calamity or just an alarming spasm are unclear. But unlike during the Great Recession, global leaders are not working in unison to confront mounting problems and arrest the slowdown. Instead, they are increasingly at each other's throats. And President Trump has responded by both claiming the economy is still thriving while dramatically ramping up his attacks on Federal Reserve Chairman Jerome Powell, seeking to deflect blame.