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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The Road To A Post-Corona Boom - Part 1
That is ridiculous. We do not make all that we need. China does. We don't. You are naive.
The Road To A Post-Corona Boom (Foreign Policy) - Part 3
We do not need to share our values. We have killed more people than most nations. We have killed leaders everywhere. We have no moral authority. It is fake news. We have often kept peace, but we have made war more than most But if we wanted peace now we would stop the trade war. China and Asia will leave us in the dust. It is just a matter of time.
The Road To A Post-Corona Boom (Foreign Policy) - Part 3
I would not be fooled. Check out the CIA website for which nation has the strongest GDP by purchasing power parity. China is trillions ahead of us.
The Road To A Post-Corona Boom (Foreign Policy) - Part 3
This unfortunate article is calling for the destruction of world GDP. The US law and sanctions are not international. But we project those laws as if they were international. We are the bully, not a moral value keeper.
The Road To A Post-Corona Boom - Part 1
Chinaman? You use a negative term, Chinaman? My natural father was born in Key West. You must understand that US tech makers must be able to trade with China. The Chinese can afford the products. But they are now being stressed. Our companies will pay dearly.
The Road To A Post-Corona Boom - Part 1
You aren't a capitalist. Free traders are capitalists, and that includes China! Why would we want our greatest customer base to experience hardship? We want customers to prosper. That is capitalism.
Remembering The Biggest Empires In Human History
The Brits still have a lot to say about world finance.
Asset Managers Gear Up For New Normal As Market Bears Unprecedented Turmoil
ESG makes for good PR.
The Road To A Post-Corona Boom - Part 1
Why would you treat China any differently than Japan? Japan is an ally. China is a fake enemy, set up to be one by our perverse government.
The Road To A Post-Corona Boom - Part 1
Look at it this way. China has brought 700 million people out of poverty. I am not a fan, but respect is due. China bailed us out of the Great Recession. They may not help us now.