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Author: Gary Wilson

Idleport
Covid-19

What is a recession?

March 18, 2020 Gary Wilson
President Trump said on March 16 that a recession is likely, maybe the only factually correct statement he made that day. But what is a recession?  Wikipedia says a recession is a business cycle contraction […]

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Fallingstockmarket
Capitalism and Marxism

CYCLICAL CAPITALIST CRISES: Behind the stock market turmoil

March 6, 2020 Gary Wilson
March 5 — The Dow index just fell 12 percent in one week, the worst week for stocks since the 2008 financial crisis. Many wonder if this could become a full-on stock market crash. Among […]

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Ednotdebt
Capitalism and Marxism

Consumer debt soars to $14 trillion. So, cancel the debt!

February 25, 2020 Gary Wilson
Consumer borrowing in the U.S. rose to a new record level at $14.15 trillion, the Federal Reserve Bank of New York said on Feb. 11. Everything rose: mortgages, student loans, auto loans, credit card debt.  […]

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Adrianzenz
China

The U.S. road to war on China

January 1, 2020 Gary Wilson
The imperialist media reports all read the same, like they were written on the same computer. The Dec. 4 CNN report began: “The U.S. House of Representatives passed a bill Dec. 3 demanding a tougher […]

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Bankrun1932
Capitalism and Marxism

What does Wall Street’s repo crisis mean?

October 29, 2019 Gary Wilson
In the week of Sept. 16, the U.S. financial system ran out of cash. It was a modern version of a bank run, and it’s not over yet. That week, the rate of interest on […]

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Venezuelaoil
Venezuela

Who is responsible for the economic crisis in Venezuela?

March 3, 2019 Gary Wilson
The Trump administration has imposed a full-scale economic blockade against Venezuela. The assets of the state oil company held abroad, including Citgo, its U.S. branch, have been seized and handed over to the puppet Guaidó […]

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Stock money market crash down arrow
Capitalism and Marxism

Stock market decline worst since 1930s. Where is this going?

December 24, 2018 Gary Wilson
The Wall Street stock market closed December 21 with its worst weekly drop in more than seven years. The fall continued on December 24, losing more than 650 points. The S&P 500 ended a brutal […]

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