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 The Fed's Powell Obsesses About Clothing
Chairman Powell's mantra these days is "clothing". His team is becoming discouraged.
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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.
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E Four Signs Trump Could Ignite A Cold War With China
Here are four indications that we are headed toward a serious breakdown in the relationship between the US and China.
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E Tariff Man Trump Fooled Wall Street From The Start
Wall Street has been fooled from the beginning of the Trump tariff war. No one believed that the Tariff Man would betray stocks. Art of the deal man promised more. Or did he?
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E Is The Fed Wrong In Caring About Wages, Not Inflation?
The GDP appears to be slowing. Charts show this is consistent with the sentiment in the business world.
Read
E China PPP, Asian Infrastructure Investment Bank & Powerhouse Economics
Purchasing Power Parity is another way of measuring Gross Domestic Product. This measurement of GDP puts China in the lead as the most powerful economic engine in the world. AIIB is a bank that can help the world.
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Comments

Latest Comments
Trade War; Easier For Chinese Than Americans
3 hours ago

I wish our leaders would take your thoughts seriously. There is a lot of damage being done by #POTUS45

Ranked: The Richest Countries In The World
6 hours ago

This article is interesting. Of course, purchasing power parity would show China has even more wealth than traditional measurements.

With Rate Cuts Looming, A Necessary Bit Of Perspective Before Going Into Them
14 hours ago

The US cannot be a world leader with the New Normal in place. Only China can lead, as it did out of the Great Recession. But Trump does not want that leadership. Obama did, and we grew slowly. The Fed is happy with the New Normal and is more worried about wages soaring, though they barely do! Driving up long rates is really only a pipe dream with Greenspan's conundrum still firmly in place.

What The Bond Market And Real Estate Market Are Telling Investors
15 hours ago

Awesome stats. Slowing is happening because the jobs created don't pay much. Trump will just deepen the slowdown with tariff stupidity.

In this article: TLT
Fed Has No Plan To Cut Rates In 2019?
15 hours ago

The Fed can teach Donald Trump a big lesson by ignoring the data of weakness. I would not bet against the Fed, right or wrong.

Brexit – Theresa May’s Final Act
15 hours ago

She has resigned.

Brexit – Theresa May’s Final Act
15 hours ago

So, I don't like the racial aspects of Brexit, but the UK would have eventually lost its currency had it chosen to remain. The Remainers may still win, since the Brexiters didn't get behind May. They may find, in the next election, that they were a bit too greedy.

Macro Summary: Japan And The Yen
1 day ago

I hope Trump does something stupid with Japan like he did with China. When will the world realize the threat to free trade is only the USA?

Capital Leaving China…
1 day ago

Davidson needs to reassess.

Low-Income Consumers Will Bear The Brunt Of More Tariffs: Mnuchin Meets Walmart
1 day ago

Bannon goes back and forth. He really wants China to lose. He wants Euro civilization as embodied in the USA to win, proving superior culture and race. JMO.

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Gary Anderson Commented on Trade War; Easier For Chinese Than Americans:

I wish our leaders would take your thoughts seriously. There is a lot of damage being done by #POTUS45

Gary Anderson Commented on Ranked: The Richest Countries In The World:

This article is interesting. Of course, purchasing power parity would show China has even more wealth than traditional measurements.

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PERSONAL BLOG

Latest Posts
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.
Tourism And The Trump Letter To Renegotiate NAFTA
NAFTA renegotiations are unleashed. But Canada and Mexico are our greatest tourist partners.

Work Experience

Blogger
Examples of Globalization Blog
2010 - Present (9 years 6 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