As Global Economy Sags, Political Leaders Are AWOL

Oct. 17 (Bloomberg) -- I keep reading that politics rightnow is all about the economy -- in the U.S., in Europe, inChina, in India, wherever. The U.S. presidential election isfocused so fiercely on the economy, in fact, that actual policymaking has been shut down for months. Apparently it’s notpossible to worry about the economy and do something about it atthe same time.

Here’s an odd thing, though. Despite the apparentconcentration on economic affairs, an important fact aboutglobal economic conditions appears to have been missed: Thingsare getting worse.