Gary Anderson - Comments
Muckraker of the Financial System
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
Latest Comments
Jim Cramer Slides To Dark Side On China Tariffs
6 years ago

I just want to know from you why you think he is right. This is a learning process for all of us. Historically, we know where this is headed. If there is a compromise, then that seems to be out of character for Trump, although hopefully that would happen. I just don't think the IP compromise, with monitoring and continual threats to reimpose tariffs will work.

In this article: DIA, MU
Jim Cramer Slides To Dark Side On China Tariffs
6 years ago

Yes, exactly. The framework of world trade will continue, with or without us. We will get some cooperation with Europe and Canada who fear us. But Israel does not fear the USA, nor does Japan. They have to act in their best interests, which is in alignment with free trade.

In this article: DIA, MU
Jim Cramer Slides To Dark Side On China Tariffs
6 years ago

Yes, Dean, it was a surprise. If I thought he was right I would not have written the article. How would you describe the historic debacle of tariff wars with what Cramer and tech is proposing now? How is this supposed to work when free trade has clearly been the driving force for economic progress in the world? As I have always maintained, it is politics that has given globalization a bad name, not the concept of free trade. If China cannot get tech from California it has to get tech from somewhere else. And the nations mentioned have seen our politicians as jokesters.

In this article: DIA, MU
Divisive Economics
6 years ago

This is a brilliant article. Ouch. It is more than just a brilliant article. It is an indictment of American politics and the lover of boys, Dennis Hastert. The concept of the confederate president is chilling, but likely real in some ways.

2% Inflation Changes Everything
6 years ago

Trump wants to live in a world of inflation, where his debts decline in value. He would like to break the new normal. It is part of his policy to break the new normal. How much insanity he applies to the goal is what monetarists can talk about. It is politically advantageous to take on the new normal even if could have dreadful economic consequences.

The News About Fake News Is Fake
6 years ago

Yes, the economic benefits of fake news is massive. The left does it, but Fox News has lying written into its DNA. And it leads the ratings for the cult of Trump, continually.

The News About Fake News Is Fake
6 years ago

Fascinating. But things are muddled by history. So, people of both parties know that some conspiracies are proven. What was tin foil yesterday could be true today. Take the case of COINTELPRO, the effort by the FBI to infiltrate and turn violent the peace movement in the 60's. It was not taken seriously until some brave souls raided an FBI office and found the plan on the premises! Even the courts sided with the raiders, not the FBI. Then there are all the conspiracies and false flags not proven in court. Some may be true and some not and some we may never know at least in this life. JFK assassination, 9/11, Sandy Hook, Obama's place of birth, etc, etc. When the government could be lying, as in COINTELPRO, then determining what fake news is is not so simple anymore. You can't break into the FBI anymore, IMO. As for Trump, we have to wait for Mueller to sort it out. We know many of Trump's cronies have been convicted. If that migrates to Trump himself remains to be seen. Maybe just charging his son and son in law will be enough to unnerve POTUS, and the movie could continue on a different path if that happens. But we don't even know if that will happen. As of now, it is fake news. Down the road it may be real news.

Why Do Economists Love Debt So Much?
6 years ago

Debt makes the holders of that debt and those who hold the bonds derived from debt, richer. Everyone else drowns but the elite get a massive pay raise.

Canada’s Stringent Stress Test Rules Slowed Residential Mortgage Growth
6 years ago

Add to this the Chinese aren't buying and may freeze because of Meng and Huawei hassles, and Canada could be in a world of hurt as time goes on.

Wall Of Worry?
6 years ago

Wall of worry or PPT?

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