Gary Wilson – Page 26 – Struggle

Why the profit system is spinning into crisis

March 20, 2020 Gary Wilson

Wall Street has been on an unprecedented roller coaster ride, with big swings in both directions every day for more than a week, a volatility not seen since November 1929. The stock market had the […]

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 […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]