WSJ Op-Ed: “global depression?”

I haven’t seen anything published on the Journal editorial/op-ed pages that articulated even the possibility of a “depression,” much less a “global” one. As recently as this past Spring, they were still publishing op-eds saying the economy was fine and would continue growing.

The typical establishmentarian "horses out of the barn" about-face.

Also see Quick Hits (and some philosophy) from Rolfe:

One world government? No. Still, when UK Prime Minister Gordon Brown says we should “seize the moment” to build a “global society,” I get a bit queasy. Will leaders at this week’s G20 meeting propose a new supra-national framework to solve various world problems?