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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COT Blue: A Short-Term Path For Powell
It would have helped bond traders to have watched NGDP back in the day instead of inflation. Seems like they are watching inflation again: www.talkmarkets.com/.../trumponomic-and-great-recession-nuggets-from-market-monetarists
Thus Begins The End Of The All-Powerful U.S. Economy
You are totally right. But, we are engaging in a trade war that is not easy to win, against a nation that is fairly isolationist, but wants free trade.
Europe Challenged
Fascists in Poland. Who would have thought? Or America too!
Trump Teases "Very Major Tax Cut For Middle-Income People" Before Midterms
Panderer. That is all he is. But I think people have their minds made up.
Another Bad Day For Stocks
It all comes down to the fact that it is a substitute for good old exercise!
Weighing The Week Ahead: Major Market Misperceptions
Sanguine assessment. The Fed is still loose. But EMs and prospects for a big trade war with China, along with a majority of workers seeking no increase on their paychecks, could weaken a forward looking market. Time for retail investors to pull back and leave the markets to the pros.
Tracking Trump’s Tariffs: US Vs. Canadian Rail Loads
If we do tariffs as a sanction, you will still be angry, for a long time, Bear. I don't know why economic pundits defend the indefensible. Trade wars don't work. Even our allies are disgusted with them.
This Is The Worst Case Scenario If Investors Dump Saudi Arabia
He was a resident of the USA. The USA cannot do nothing. But what would be the appropriate sanction?
Charts And History Reveal Why The Fed Must Break Stuff
Seems like inflation could run a bit then disinflation but a lot depends on the price of oil, IMO, Prof.
No Longer In The Shadows, Leverage Loans Pose New Risks
So, when the banks knew the Fed and demand would keep interest rates low, they swapped floating for fixed, kept the floating, and the borrowers were screwed by high fixed rates. Now, when the bankers think that the Fed may push up rates, the banks do the opposite, they push the floating onto the borrower, and he is screwed again!
Don't you love banks?