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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Latest Comments
Is There A Disconnect Between The Stock Market And The Global Economy?
The stock market may be starting to factor in the likelyhood of at least some continuing tariffs. The steel tariffs in the USA are a disaster for drawing companies to this nation in manufacturing. And increased tariff danger lurks as the tariff man appears to be deluded about what he can accomplish.
The Puzzle Of The US Productivity Slowdown
Slow growth is better, but is what the Fed wants. It does give rise to anti slow growth populism and Trump.
The Puzzle Of The US Productivity Slowdown
I think the Fed is quite comfortable with slow growth. Williamson, former VP of the St Louis Fed seemed to be comfortable with it.
The Global Economy Is Decelerating, Economic Anxiety Is Increasing
Great charts, Arthur.
Two Brinkmanship Games And A Possible Third
We have brinkmanship everywhere and in Trump and May we have two folks playing checkers instead of the chess everyone else is playing.
Why Another 50% Correction Is Possible
Sobering possibility. Investors should pay attention.
A Big Deal
It is amazing that oil gets it, but the stock market is in a fog.
Trump Wants A "Very Big Deal" With China, Else A "Little" Postponement
This cold war will destroy America's opportunitt to win billions of customers in Asia. Trump wants capitulation or tariffs. It is amazing that investors cannot see the obvious. Jmo. Truth is, Trump cannot be trusted. He is a menace.
How The Peak Oil Story Could Be “Close,” But Not Quite Right
Coal is dirty. But even Trump cut back on clean coal research. Since it is, by far, the most prevalent fossil fuel it seems derelict to ignore researching clean coal for the future.
Conn Job: Foxconn Wisconsin Manufacturing Cancellations, US Labor Costs Too High
Sorry, Mish, after watching the US and the West con Huawei, it almost seems justified to poke Uncle Sam in the eye.