Author: 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 […]

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 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 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 […]

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 […]

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 […]

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 […]