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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Posen And Cramer On Trade Wars And Cold Wars
That is a direct quote. See the quotation marks? I am not making it up. In West Virginia he said he and Kim fell in love. Here is the video. I don't know what more I can do. Must not have run on Fox News? Here it is: www.reuters.com/.../trump-says-he-and-north-koreas-kim-fell
More Than 3/4 Of S&P 500 Stocks Already In Correction Mode
Deals excluding the dollar is partly because Donald Trump is not trusted in the world. So the stock market, Wall Street, is voting against Donald Trump. He is poison.
Posen And Cramer On Trade Wars And Cold Wars
Cynthia, think about it. What you are saying is that he values ruthless and merciless leadership. His frustrations are irrelevant. He likes people who do bad things. Now, as you go on to say, he is like a child who never gets a no thrown at him. Does that mean he is less than what he could be, just a wanna be and not headed toward a diabolical end? I certainly hope so. I would love to be proven wrong. I would want to be proven wrong. But it is clear to me that he wants to reshape world trade, stop much of our trade with China, and make the world a far more dangerous place. Only Trump can prove me wrong.
Posen And Cramer On Trade Wars And Cold Wars
You have to always be on the lookout for those who may emulate the evil man. Trump brought this on himself. I never said he was Hitler. I am saying he loves and emulates strong men. He has said things like, we may give a third term a shot. Come on, we at least have to be aware he loves nationalism, which is a code word for his base. We just cannot bury our head in the sand. He is not on Hitler's level by any means. We get that. But he has run over the rule of law and how far that goes is anyone's guess. People MUST be concerned, on at least some level.
Posen And Cramer On Trade Wars And Cold Wars
Inappropriate? David, Trump said he fell in love with Kim. I am not making this stuff up. It is all able to be documented. This is the actual quote by Trump regarding Kim: "I was really tough and so was he, and we were going back and forth. And then, we fell in love. OK? No, really. He wrote me beautiful letters, and they’re great letters. We fell in love."
Posen And Cramer On Trade Wars And Cold Wars
Even if he had treated the Jewish citizens fairly, he lashed out at the world and was headed for war anyway. He wanted dominance. He was a nationalist on steroids. He never could have been for peace because he rejected peace. With Trump, another said he was not for war. But tariff wars can lead to war. Trade with China helped lift us out of the Great Recession. What if the next one is worse and China is crushed as well as the US, economically? Then what? Angry powers make war and we have dabbled in regional wars for decades. We are a war machine. And add to that machine trade wars and the danger magnifies. Trump is making the world a far more dangerous and divided place.
Posen And Cramer On Trade Wars And Cold Wars
I have to take issue with you saying that Hitler would have been considered a great leader but for the Jews. I am dumbfounded by your statement. I hope you are just a troll and do not really mean that.
Posen And Cramer On Trade Wars And Cold Wars
Being German is nothing to be ashamed of. I totally agree. But Trump called himself a nationalist. It is not my delusion. It is his action. Think about it, he loves Kim more than Trudeau. Think long and hard about that. He loves a brutal dictator more than a leader of a democracy that buys more from us than it sells to us. POTUS is a warped thinker by any reasonable standard.
Posen And Cramer On Trade Wars And Cold Wars
Well, I have Jewish DNA cousins. But I don't have your experience, Ayelet. However, Donald Trump ignored Puerto Rico and people died. That is murder in my book. As far as being compared to Hitler, I do not at this point. But I am quite certain that he adores Hitler, Kim, and other strong leaders. He fancies himself as a Hitler. He longs for that power.
Posen And Cramer On Trade Wars And Cold Wars
Of course he is. Wilbur Ross said there would be pain. Trump already was pictured raising his right hand in a more Hitler like salute. This is not the first time. If Donald Trump was serious about washing away fears of his love affair with Hitler, he would not have called himself a nationalist. He is already on video saying he has the right gene and German blood. Jim Cramer is not exactly a fear monger. If anything, we learned from Lehman that he can be late to the fear party. So for him to say that Trump wants a cold war with China, means he has given this a lot of thought. We will see if this is the right call when and if the 25 percent tariffs are applied to China after the first of the year. And Carol, I hope I am wrong. I would be happy to be wrong!