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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E Trump Economic Plan Revealed: What Should The Fed Do?
Trump's plan implies American capital would flood out from the US into China bonds, driving yields down. Theoretically that would drive the Yuan up with hot money. With China losing money on US bonds that go negative, that is certainly is risky.
Read
E The Poverty Of US Interest Rates
Poverty in the financial system can be measured by interest paid on treasury bonds.
Read
E While Global Warming Warriors Freak Out, China Coal Offers Prosperity
If the Great Depression was an energy crisis, the world has to hope deep down that China's coal plants multiply like rabbits as a slowdown in the world economy nears.
Read
E Is Steve Bannon Doing China A Big Favor?
Will China seek a divorce so that unpleasant leaders will leave that nation alone? I think that makes perfect sense unless Donald Trump rejects Bannon's economic nationalism. He is on the edge of embracing that economic error.
Read
E The Fed's Powell Obsesses About Clothing
Chairman Powell's mantra these days is "clothing". His team is becoming discouraged.
Read
E Trade War; Easier For Chinese Than Americans
Steve Bannon is to China what John Bolton is to Iran. He wants a full-blown trade war.
Read

Comments

Latest Comments
China Nastier Number Four
1 day ago

Little bit too cynical. China has plenty of stimulus. But why use it when that nation can hurt our stock market? Doesn't matter if on purpose or not, a slowing China can mangle US stocks.

Could Drone Strikes In Saudi Arabia Send Oil To $100?
1 day ago

Truth is, most Americans are concerned about the starvation in Yemen. Saudi Arabia is not well liked. That is partly because of the reporter who was murdered and partly because people believe they were at the center of 9/11. But that is misguided. Saudis are a semi secret ally of Israel and the USA, not an attacker. BUT THEIR WAR IN Yemen is disgusting.

In this article: OIL
More On Trump And Trade
1 day ago

No way. This is China's opportunity of a lifetime to stuff the chickenhawks who crawl around the Republican Party. You know, like Bannon and Gaffney.

Could Drone Strikes In Saudi Arabia Send Oil To $100?
2 days ago

Interesting. Refineries are like sitting ducks.

In this article: OIL
More On Trump And Trade
2 days ago

Trump is interested, but then again a temp deal is off the table. So he must give in. If he does not there will be no deal. China is in the driver's seat.

Drone Strikes Shut Down Half Of Saudi Arabia Oil Production
3 days ago

The US meddles. Unfortunately Mish, that is the truth.

In this article: USO
Tariff Man Trump Fooled Wall Street From The Start
4 days ago

Update 11: It appears that a temporary solution to the tariff war is now off the table. Hope for a deal is decreasing daily.

Trade Concessions, Central Banks & Retail Sales Ahead
5 days ago

Not sure Cramer was spinning now that Moody analytics has come out with a study that the trade war has cost 300k jobs, either lost or not created. The Trump put is insanity.

In this article: SPX, IBUY
Trade Concessions, Central Banks & Retail Sales Ahead
5 days ago

Cramer said that if the markets believe that a deal is unlikely, that they need to sell off massively to show POTUS45 that if he really does not want a deal there is a price to pay. But the markets are acting very contrary to that advice.

In this article: SPX, IBUY
Trade Concessions, Central Banks & Retail Sales Ahead
5 days ago

Trump said today he would prefer a permanent solution. That won't happen. I doubt if a temp solution will be done because it involves the legal action of information sharing. It is only illegal according to US law. China will never bow to US law. Trump is ropadoping. He may be blinking, but he will have to back off more to make it a real blink.

In this article: SPX, IBUY
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Gary Anderson Commented on China Nastier Number Four:

Little bit too cynical. China has plenty of stimulus. But why use it when that nation can hurt our stock market? Doesn't matter if on purpose or not, a slowing China can mangle US stocks.

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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 (9 years 10 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