IW Archives 2011 Aug 05

Alex covers the imploding stock market on today's show. On Thursday, a massive sell-off swamped global markets, erased all the hard-won gains of 2011 to date, and trashed the three major U.S. indexes, the Standard & Poor 500, the Nasdaq and the Dow Jones Industrial Average. Economist and columnist Paul Craig Roberts checks in with his take on the faltering economy. Alex talks about the “correction” with the publisher of the International Forecaster and regular Friday guest. Bob Chapman