The Fed knew about the housing bubble before it burst but lied and said they didn't: Bill HR 1424 to buy bad paper (eventually called TARP) was introduced in March 9, 2007, before there began to be bad commercial paper from private subprime RE loans, in August. I have published on two other ...
more The Fed knew about the housing bubble before it burst but lied and said they didn't: Bill HR 1424 to buy bad paper (eventually called TARP) was introduced in March 9, 2007, before there began to be bad commercial paper from private subprime RE loans, in August. I have published on two other prominent financial websites, Seekingalpha.com (as Gary A) and at Businessinsider.com. I muckrake the banking system and found premeditated causes for the housing bubble and subsequent meltdown. I am married with 4 grown children.
Specialties: Impacts of politics on the economy, interpreting economists, writing about the negative impact of some aspects of globalization and pros and cons of the new normal. I don't like tariff wars. Email bgamall at gmail
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Latest Comments
On Secular Relative Impoverishment Of Young People
Expected but alarming. Great article.
Predictive Value In/Of Low Yields
Deflation may very well be the likely case.
The (Updated) LIBOR Record
You wonder if the Fed's desire to misprice financial products is so they can increase risk? We saw how that worked out in the Great Recession.
Helicopter Money Vs. Gold
The Fed says inflation is temporary. With the lack of high paying jobs that seems true.
What Gold Says About UST Auctions
They scare people with inflation when the economy is quite slow. Just another con.
Bubble, Bubble Signs Of Trouble
Interesting article. Author says Bumble will likely tumble. Very clever.
China: Strong Exports And Imports Signal A Recovery But Chip Shortage Is A Concern
China is still winning.
Yields Soar, Sending 30Y Real Rates Positive Amid Overheating Panic: What Happens Next
Rising yields will clip assets. Maybe the Fed wants that.
How Effective Are Government Stimulus Programs?
Prof, the average guy is given a little windfall to encourage him to pay his bills. Bailouts are always ultimately for the wealthy creditors.
How Effective Are Government Stimulus Programs?
No doubt it would take a lot to move our markets into inflationary mode.