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 COVID Vaccines And The Stock Market
The stock market appears to be heavily betting on vaccines from Pfizer and Moderna.
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E Anxious Consumers, Stock Greed, New Normal And The Fed
Banks are tired, appearing to need a Fed scam, and world growth could hang in the balance. But the New Normal will be protected.
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E Trade Wars Are Killing Pandemic Cooperation
Is China our biggest threat, or is Donald Trump a larger threat to economic prosperity?
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E The Perils Of The Covid-19 Trade War
The radical right that controls our government is willing to divorce China, and Trump seems to be trying to cash in politically on that line of reasoning. He is also willing to hurt our sovereign ally, the UK.
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E Did China Pandemic Endanger The World For A Deal?
An explosive report from widely read economist Danielle DiMartino Booth has gone viral. Did China endanger the world for a deal?
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E When Will We Be Freed From Covid-19 Lockdown?
Investors will have a difficult time determining the resumption of economic activity. Look for massive volatility in markets possibly stretching out months into the future.
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Comments

Latest Comments
On Secular Relative Impoverishment Of Young People
4 months ago

Expected but alarming. Great article.

Predictive Value In/Of Low Yields
5 months ago

Deflation may very well be the likely case.

The (Updated) LIBOR Record
5 months ago

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
5 months ago

The Fed says inflation is temporary. With the lack of high paying jobs that seems true.

What Gold Says About UST Auctions
6 months ago

They scare people with inflation when the economy is quite slow. Just another con.

Bubble, Bubble Signs Of Trouble
6 months ago

Interesting article. Author says Bumble will likely tumble. Very clever.

Yields Soar, Sending 30Y Real Rates Positive Amid Overheating Panic: What Happens Next
7 months ago

Rising yields will clip assets. Maybe the Fed wants that.

How Effective Are Government Stimulus Programs?
7 months ago

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?
7 months ago

No doubt it would take a lot to move our markets into inflationary mode.

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RIOT Riot Blockchain, Inc.

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PERSONAL BLOG

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 (11 years 11 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