Robert Samuelson and the Great Stock Crash of 2015

Robert Samuelson wades into the turf on the explanations for the recent worldwide stock plunge in his column today. Most of what he says is actually pretty reasonable, but the framing doesn’t make much sense.

He starts the piece by citing the view of several forecasters that the drop in worldwide markets does not indicate a recession is imminent. But then he tells readers:

“But there is a less reassuring interpretation: The global stock sell-off may reflect gloomy prospects for ‘emerging-market...