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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China PPP, Asian Infrastructure Investment Bank & Powerhouse Economics
We have lost real security, global respect, and traded it for military hardware.
No More Recessions Ever Again?
That newspaper clipping is like speaking about a permanent plateau. Thanks, author.
China’s Fake Numbers And The Risk They Pose For The Rest Of The World
Interesting. But, just because the Chinese cannot afford foreign products does not mean they cannot afford products made at home.
China's "JPMorgan" Hit By Sudden Debt Crisis As Cross-Default Chain Reaction Triggered
So, if these private Chinese companies default, it will fall upon western banks that loaned them money. Clever, really. China won't slow from this.
$134 Billion In Fiscal Flows Removed From The Economy In Just Three Days
I am sorry. I meant that most people who get refunds file earlier. Yes, your information about the funds flow is very interesting.
The Public Banking Revolution Is Upon Us
As.long as these banks do not latch on to #MMT and try to be somewhat countercyclical when hard times hit, I think they are a good idea.
$134 Billion In Fiscal Flows Removed From The Economy In Just Three Days
Why would someone wait this late to get a tax refund? Good info, though.
US Trade Deficit Boosts Growth Outlook
So we can't afford to buy Chinese stuff, and that means we are in growth mode?
Strong Real Incomes, Declining Minimum Wage Coverage
This is all good but inventory is piling up in the economy. Wages must not be denting that pileup right now.
U-Turn In Trucking: Cass Truck Shipment Index Down 4th Consecutive Month
Instead of a pileup in residential real estate like back in 2008, the pileup that poses risk now is inventory pileup.