Former Trump campaign senior economic adviser Steve Moore reacts to the tumbling stock market as investors’ recession fears soar.

Crashing stocks, rising unemployment and escalating hostilities in the Middle East are about to pop the Kamala Harris bubble and could well put Donald Trump back in the White House.

Democratic strategist David Axlerod says the excitement over Vice President Harris’ campaign is a sign of "irrational exuberance." He’s right. So far, she has coasted on media hype, careful to avoid serious policy discussions; with the world blowing up around us, that cannot continue.

Today, in the midst of unsettling turmoil, Kamala Harris or Joe Biden should be addressing the American people. So far, not a word.

AXELROD: HARRIS MOMENTUM LEANING HEAVILY ON ‘IRRATIONAL EXUBERANCE’

Stock markets are plummeting around the world, because:

1. The U.S. economy is slowing and joblessness is rising, signaling a possible recession.

2. Iran is threatening to attack Israel, leading many to fear a widening conflict in the Middle East.

3. The United States is leaderless. Neither Joe Biden nor Kamala Harris is capable of providing the reassurance or the solutions that Americans need in troubled times.

Stocks have sold off sharply in the U.S., with investors losing over one trillion dollars. The rout is global; Japan just experienced its worst trading day since the global crash in 1987. The VIX, aka Wall Street’s "fear gauge," hit one of its highest levels ever.

For months there have been signs that the U.S. job market was weakening. Unemployment claims, while still low, have been rising, wage growth has been slowing and the number of jobs available has tumbled. Last Friday, the government reported that the economy added only 114,000........

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