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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Noise Or Signal?
The problem is, the USA wants China to embrace free markets in China, but not in the USA.
Canada: What Wage Growth Concerns?
Canada wage growth is anemic. I would like to know what is driving hiring, though.
European Central Bankers Paint A Rather Gloomy Picture
You are not my only friend who disagrees with me. :) The size of the UK is an issue. I agree. But keeping one's own currency is still a good idea. Especially in an EU large recession.
The Battle For Venezuela’s Gold Serves As A Lesson In Counterparty Risk
This article pretty much sums up the mixed feelings most Americans probably have about Venezuela. The leadership is failing, and many Venezualans are fleeing the nation. On the other hand Abrams is an unsavory neocon, who has done a lot of damage in the Middle East against innocent people. This article clarifies what is at stake.
China Is Unlikely To Become The World’s Largest Economy Anytime Soon
It makes no sense, Jack, for us not to be in on the world trade. There is no indication that China opposes free trade. We can only profit with that free trade.
China Is Unlikely To Become The World’s Largest Economy Anytime Soon
But keep this in mind. Basel 1 took down Japan. China is not so stupid as to subject itself to Basel this or Basel that.
China Is Unlikely To Become The World’s Largest Economy Anytime Soon
Make China poor and the world will be poorer. It will reach the USA. Trump is helping. Maybe the Chinese will just buy Chinese. If I were Chinese I would not buy from a nation that allows a misfit like Donald Trump to be the leader.
Everything You Wanted To Know About MMT (But Were Afraid To Ask)
MMT doesn't have only inflation to fear. It has the bond market to fear. Massive collateral destruction and margin calls the world over. Remember when W Bush spent like a madman and Cheney said deficits don't matter? Well, about that time US productivity declined and the Great Recession was on. Helicopter money would control the growth of the money supply. I don't see that happening with MMT.
Jeff Bezos Says National Enquirer Tried To 'Blackmail' Him Over Photos
Wow, Mueller should have buried that Pecker fellow.
European Central Bankers Paint A Rather Gloomy Picture
Brexit will be painful for the UK. But being married to the EU is like marrying a first cousin. Get it anulled!