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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Meng's Arrest Vs. The Rule Of Law
Thanks for commenting. It is a she. Samsung 5G would likely operate in the sphere of the West. China will control the biggest 5G network. If she transferred money or technology to Iran, the US is operating as the rogue, because the US walked out on the treaty with Iran. The facts must still fully manifest, of course.
Listen To What Gold Is Telling You
Wage inflation is running low compared to other recoveries. So, maybe the recession scenario precedes the massive wage inflation expected in 1-2 years. Interesting either way.
Economics Is Easy When You Don’t Have To Try
Kuroda got inflation up to 1 percent one time. For the Japanese that is worthy of the nickname, Abenomics!
Credit "Death Spiral" Accelerates As Loan ETF Sees Record Outflow, Primary Market Freezes
It is interesting that in 2007-2008 the failure of floating rates brought on the Great Recession as the banks bet on them but they soared and exceeded fixed rates. And now floating rates are seen as risky again.
Craig Hemke Warns Of Fraud In Fractional Reserve Precious Metals Markets
We hope Trump blinks due to weakness in the US economy. But there is no proof, yet. Great article explaining how derivatives can set prices, rather than the underlying commodity. Happened to oil in 2007. When the value of underlying products is manipulated, pretty soon no one knows what anything is really worth.
While Everyone’s Focused On Yield Curve Inversion, This Is Happening
Funny and entertaining. What would be really sad is if the US and China crumble while fighting it out, while the Eurozone stays out of the fray. Can you imagine that place looking like the prettiest pig after all?
China's Manufacturing Stalls In November: ETFs In Focus
This was before Meng. Add her situation to slowing in the USA and in China and the Fed blinking, and problems mount.
China’s Exports Have Recently Soared Because Of The Tariff War
Prof, your last chart should concern the USA which is losing Asian customers quickly.
“Panic-Like Selling” Grips Wall Street As The Economic Numbers Point To “A Lot Of Unpleasant Things That Nobody Wants To Admit”
The Fed will always have power to reflate some after the crash. But without a growing Asia, it could be a difficult task.
BASF Cuts 2018 EBIT Outlook On Chemicals Segment, China Slowdown
Much of this slowdown is so unnecessary. The US has really dealt the world a disappointing hand.