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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A Trip Down Memory Lane – 1928-1929 Vs. 2018-2019
Fascinating article. We hope the bust isn't massive. Fed involvement in the 1920's is worth the read.
China's Debt Bomb Is Back: Beijing Injects Most Ever Credit For Month Of March
China makes stuff. So demand for product increases. Belt and Road has the support of almost every nation except the USA. Even Israel and the UK are invested in the AIIB which is the bank that funds the Belt and Road. While China invests in almost 50 ports, the richest nation cannot afford to fix our potholes: talkmarkets.com/.../belt-and-road-the-sri-lanka-china-port
The Top 3 Candy Stocks For Growth & Dividends
Yummy article.
Be Careful What You Wish For
The idea that the US doesn't subsidize industry is a clever plan to make us look like victims. You pointed out sugar subsidies. We also subsidize Boeing, though maybe not as much as Airbus by the EU.
Japan's Stock Market Held Up By BOJ Buying Stocks
It is so odd that a central bank would buy stocks. But it isn't far from member bank plunge protection teams doing the same thing. And we would like for socialism to love capitalism, although it doesn't feel like capitalism anymore.
The Waymo Tesla Self Driving Con
Update 2: According to Wired, all the major self driving companies but Tesla have dropped the self driving hype. Ford is pulling back, and acknowledges that self driving cars will have to be geo fenced, due to the complexity required for driving.
GDP-B Doesn’t Cut It Either
Interesting, Bruce. By not tracking inflation properly, it looks like recovery is more substantial than it really is.
Is The USMCA Dead?
Yes, Marc. The Oafishness rests with the barbarians leading our nation, Trump, Miller, Navarro and many more. I am sure Canada and Mexico are correctly attempting to rope a dope until we get a new administration.
The Message From The Jobs Report – The Economy Is Slowing
This is a great, and informing article.
S&P 500 Heads Into Earnings Season Up Roughly 15%; What Could Go Wrong?
Considering that the population has grown since 1999, I am still thinking weak. But, certainly chain stores have taken the biggest hit.