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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Monetary Metals On Keynes, Inflation And Evil Itself
And your friend Keith did not even mention that a little inflation was a byproduct of a noble goal, which was full employment. Keynes wanted people to work. The problem is that so much money moves to the top that it causes asset inflation as that money buys up all levels of real estate.
Monetary Metals On Keynes, Inflation And Evil Itself
Gary, I don't see demand outstripping the supply of anything except for real estate at the high end.
The Coming Crisis The Fed Can't Fix: Credit Exhaustion
Helicopter money is the only answer.
Why You Should Take The Green New Deal Seriously
Yes, I see that. I just see backlash to the trends everywhere. From Yellow Vests to weakness in the Democrats. I hope they eliminate Trump, but once they do the focus will be on them. If they stray from the center and go left they will be crushed again.
Is Government Debt “Equity”?
Bonds are gold, or like money when used as collateral. The use of bonds as collateral in a massive way makes them far more valuable than just as bonds.
Weekly Commentary: No One Knows How Monetary Policy Works
Interesting read for sure! But Huawei has been suspected with no proof by our pitiful government. What a bunch of clowns. Also, it appears that Greenspan got what he wanted from financialization, too big to fail banks insulated as best as he could by counterparty and clearinghouse risk. Diabolical, perhaps, but genius in creating the new normal. Only way out as Kyle Bass has said, is helicopter money. Maybe the Chinese need a little helicopter money too. They can do more since they are not confined by Basel rules.
Why You Should Take The Green New Deal Seriously
I can't see it. It has already been subsidized and people don't seem to want it. Let the other guy pay for green is the practical truth. JMO.
Week In Review: How Trump's Policies Moved Stocks - March 16, 2019
Well, Trump thinks McCain is still alive since he seems to think the deceased senator still reads his tweets. There is a tool or 5 missing from his mental toolbox. So accusing tech of collusion continues the fantasy.
Bond Yields Tumble As US Manufacturing Output Slumps To Weakest Since July
That could be true. I think we will have to ask the Chinese.
Bond Yields Tumble As US Manufacturing Output Slumps To Weakest Since July
Trump must be winning. Or not!