3058 Stock Market Meltdown. There Will Be No Economic Recovery.

Last week, the Dow Jones Industrial Average fell more than 1,000 points, its worst weekly performance in approximately four years. On Monday, the index plunged by over 1,000 points early - and closed the day down 588 points. In terms of the number of points lost, Monday August 24th, 2015 was the eighth-worst single-day loss in the index’s history. Some analysis are blaming the China currency devaluation and the drop in the Shanghai Stock Exchange Composite Index – but what is really going on?