Market meltdown

Tonight on The Big Picture, Thom takes a look at the US and global markets and discusses the state of the economy.

Dr. Richard Wolff, professor emeritus of economics at the University of Massachusetts Amherst and author of “Democracy at Work: A Cure for Capitalism” joins Thom to talk about Monday’s historic lows in the financial markets. Wolff breaks down China’s economy and questions if the devaluation of the yuan is the root to this market meltdown. Then Thom and Richard take a look at the US economy and review wage growth, inequality and pensions.