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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Trump Versus Powell: Who Is Right About Immigration?
Not for me James. I said I have never observed a lazy immigrant. Period.
Post US Election Commentary
I think the author has not proved that the deep state is attacking Trump. Big money has loved Trump, except for tariffs. Tax cuts went to big money.
Trump Versus Powell: Who Is Right About Immigration?
Trump is interfering with capitalism more than China interferes with capitalism.
Trump Versus Powell: Who Is Right About Immigration?
I have never seen legal or illegal aliens who were not hard workers. Trump is, as you say, trying to create a fake stereotype.
U.S. Business Cycle For November 2018
Nice report. Some unsustainability. End of cycle.
Trump Versus Powell: Who Is Right About Immigration?
Nice to be a wealthy small nation. And what you do, prof, makes sense. However, the backlog for legal aliens is huge. The system is broken, and illegals are necessary for the intensive agriculture that exists in the USA as well as for jobs in food service and hotel services.
Trump Versus Powell: Who Is Right About Immigration?
I have made the argument that China, as a developing nation, does not have high tariffs. During its development, the USA had higher tariffs. We really have no business bossing around the nation that saved us from the Great Recession. Maybe next time they won't be able to bail us out! Then what?
Trump Versus Powell: Who Is Right About Immigration?
And, Bruce, his base does not want legal immigration. The backlog is huge. Maybe Trump would take someone from Scandinavia, as he indicated in the past.
Trump Versus Powell: Who Is Right About Immigration?
That isn't Trump, Bruce. He wants more white skin. He is a dreadful human being. There is absolutely no question that he entertains fascist tendencies. How far he carries those tendencies is the real issue. Does he have an inner moral check? Or does family offer the check? At this point I see no check on his fascism.
BoC Pushes Back
Maybe Canada can afford this rise in rates, because of superior wages.