Muckraker of the Financial System

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.

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ALL CONTRIBUTIONS

E US Government Escalates Trade Hostility
The United States government initiated two troubling escalations against Chinese communications company Huaweii. Is the US turning against free trade and capitalism?
Read
E Trump, China And Phase 2 Negotiations
We should avoid trade wars and subsidy arguments which lead to more tariffs and a slowdown of world prosperity. Subsidies have been a sticking point in trade negotiations.
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E BIS Explains Repo, But There Is More With The Banks
Obviously, Trump woke up a sleeping giant with the banks. He is still calling for lower rates from the Fed, which actually has a responsibility to keep the banks solvent, squeezing the Fed.
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E Negative Rates, Climate Science And A Fed Warning
Even if climate science does not prevail with its economic aspirations, the world faces increasing challenges to growth and normalization of interest rates.
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E Skinny Deal: Whose World View Is Currently Winning?
Bannon and Cramer populism vs. Ron Paul; meddling in Hong Kong.
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E The Derivatives Monster Creates A Bull From Capital, Not Labor
Siphoning off capital takes place as interest rates generally decline, and it is a dangerous game.
Read

Comments

Latest Comments
US Government Escalates Trade Hostility
1 day ago

In this case, yes. Show proof. Our government has had plenty of time. Read my article on Meng and the rule of law.

Easily Overlooked Issues Regarding COVID-19
1 day ago

Long supply chains could have been a good idea. China must do what it says, limit the consumption of commercially processed wild animals.

The Truth About Negative Interest Rates & What To Expect
1 day ago

Nice take on bonds. Banks don't want nominal negative bonds and neither do individuals.

US Government Escalates Trade Hostility
1 day ago

Update: Trump has just gone on record zaying he opposes his own government's attempt to ban GE engines from China. He has opened a Pandora's box for political gain with a tariff war and now government is running way ahead of him in its hostity toward China!

COVID-19 = Hyperinflation
2 days ago

Initially deflation then possible inflation due to scarcity. Chilling analysis. One thing I read is chilling as well. COVID-19 is 20 times easier to catch than is SARS! It is a contagion on steroids!

US Government Escalates Trade Hostility
2 days ago

Xylinx and VMWare are just two tech companies laying off workers because of the Huaweii ban. That ban is escalating as I point out in the article.

Risk/Reward Proposition Increasingly In Question As Coronavirus Lingers
2 days ago

This is a very professional article. It is balanced. Professional investors will find it useful. We hope Seth is right. Someone near retirement may lean toward cashing out some profits. The only analysis that I question is the low percentage S&P exposure to China. I thought it was much higher. It also may be true that Chinese workers have savings, which would allow them to stay out of the workforce longer than anticipated before returning to the factories.

Stimulus Hopes Temper Virus Fears For Nasdaq 100 After Apple’s Revenue Warning
2 days ago

And Moon, unlike US workers, the Chinese have savings. They can wait it out.

US Government Escalates Trade Hostility
2 days ago

Ask Apple and the other 900 US companies doing business in China. Ask GE about Trump's trade war. We are only booming in the service sector. Biz investment and capacity utilization are cratering.

US Government Escalates Trade Hostility
2 days ago

The US government refuses to show proof of security dangers.

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Latest Posts
UJET Interview With CEO Anand Janefalkar
UJET has cutting edge technology that allows the use of a smartphone app to make the interaction between the customer (caller) and the call center to be much more user friendly.
Socially Responsible Investing As Alex Jones Is Banned
Social investing practitioners would generally be in favor of banning someone who exhibits racial or ethnic hatred against whole groups of people. It is good to look at Facebook and at Google and compare the two with regard to social concerns.
Hitler Economics In The Age Of Trump
There is a case to be made for sovereignty and mutual respect of sovereign nations, but just not in the way that Trump has made it. There is a benign sovereignty and a belligerent and hostile sovereignty. Is POTUS very dangerous or Hitler-lite?
Peter G. Peterson Turned Entitlement Into A Bad Word
Peter G. Peterson was a philanthropist for the wealthy, a reverse Robin Hood
The Cult Of Tesla's Elon Musk
I focus here on Elon Musk, because he is likely the the most powerful cult leader in America, other than perhaps Donald Trump. Elon Musk seems to be able to make outrageous statements and still retain his followers.
Trump Administration's Strange Response To Ford Relocating To China
Trump Embraces Ford Focus production in China when it railed against them being produced in Mexico. Why is this?
It Is Getting Serious With POTUS: Deep State Versus Russia Connection
It appears that Steve Bannon is now courting favor of the White House. I wrote about how radical he is as he has espoused a libertarian economic agenda on steroids.
The Curse Of Trump Is In Cutting Back On The Poor
The United States is a prosperous nation. But attacking the poor is not the way to remain prosperous. It has been tried before with disastrous results.

Work Experience

Blogger
Examples of Globalization Blog
2010 - Present (10 years 3 months)

On my blog I discuss the past housing bubble, the crash and future housing bubbles and scams. Offering easy money loans should be against the law but is not. Selling bogus AAA rated bonds should have been prosecuted but the scheme came from the bankers at Basel 2. You can't go higher than that. http://www.examplesofglobalization.com

Education

University of California, Santa Barbara
1967 / 1970
Political Science & Government

Publications