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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Recent Brexit Trade Drama Shows That Europe Doesn't Really Want Free Trade
China may be listening to Mises, seeking to lower trade barriers just as the USA is raising them. China may leave the USA out of this generous loop. There can be only one loser, the nation with fewer people, meaning us!
The Bank Of Canada Will Drop Anchor At A 3% Bank Rate
I wonder how central banks weigh wages against asset inflation in determining what is loose and what is tight. Seems like wages take center stage. Labor takes a beating most times.
Saudi Arabia Proves That Oil Is Power
The Arabian American oil company is now Arabian. Oded Yinon once put Saudi Arabia on his regime change list back in the 1980's along with Iraq, Libya, Syria, etc. Since then Saudi Arabia has become one with Israel in the region. Even though media rarely reports it, it is no secret. The alliance with Israel and now Russia is a fascinating dynamic. The atrocities of Yemen put a damper on enthusiasm for these alliances.
Where In The World Is R* And Phillips Curve Inflation?
The Fed is afraid of the end of the business cycle with rates still too low and fears wage inflation way more than asset inflation.
Enough Pessimism Already, DJIA 30,000 Probable By Year End
This proves that Trump is likely lying about tariff progress. China will never, ever, bow down to this:
abcnews.go.com/.../us-charges-chinese-companies-trade-secrets-theft-58902900
Enough Pessimism Already, DJIA 30,000 Probable By Year End
Trump is lying about tariff progress with China. He is desperate to win the house, so he can avoid impeachment and having to reveal his taxes.
Global Stocks Surge On Last Day Of Dismal, Turbulent October
Trump just signaled deal has to be really good for the USA. That is unlikely. Sell. JMO.
Bond Bull Bull
If you believe deflation is winning you will see the price of bonds go up. That is Japan. Older population, and huge demand for bonds seem to show only one outcome.
64% Of Firms Doing Business In China Consider Relocation, Only 1% To N. America
Asia is unifying, sticking together. Trump cannot comprehend Russia, China, India, Pakistan doing military exercises together. He cannot adapt to new realities. He is still in the 50's. He pictures his wife in a poodle skirt. That could mean the end of US economic growth.
Stocks, Yuan Tumble On Report US To Announce Tariffs On All China Imports If Trump-Xi Meeting Fails
American investors need to wake up. Unless something near miraculous happens, the moron in chief wants a cold war with China and maybe Russia too.