Global Stock Market Meltdown a Signal of More to Come?

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It’s said that when something is about to collapse, it’s slow at first, then all at once. We may now be watching the start of a new economic crisis, as markets are now hit with the largest decline since the “Black Monday” crash in 1987. Back then, the Dow Jones Industrial Average (DOW) dropped 508 points, or about 22.61 percent, and wiped out around $500 billion in market value. Well, the new crash, which just started this week, saw the DOW drop about 954 points, or about 2.4 percent, by Monday afternoon. Of course, the situation is still developing, but given other global trends, there’s the possibility this could signal more of what’s to come, especially as we watch similar warning signs take place in the Chinese market. And here’s why: the recent meltdown was caused by bad job numbers going public. But recent data showed the Chinese Communist Party has also been covering up the real state of its job market. The economic trend we’re now watching could soon get much more serious. We’ll discuss in this episode of Crossroads.