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
We need China, the only real growth machine in the world. China may leave us to our own demise.
The Pandemic Gives Us Permission To Get What We Always Wanted?
Wow, this borders on bitter.
The Road To A Post-Corona Boom - Part 1
We are continually provoking China in the South China Sea. We are the greatest threat to world peace.
The Road To A Post-Corona Boom - Part 1
They probably crashed after weakening the lower classes. Also; we are the world's greatest threat. Not China.
The Road To A Post-Corona Boom - Part 1
Certainly trade Warriors like Trump have changed the Republican dynamic. Trade warriors shrink the pie. But thanks for letting me know you aren't a Republican. As far as what the Fed has done, it appears skewed to money interests. The Fed does not seem to be geared to assisting end demand.
A Universal Basic Income Is Essential And Will Work
That is why we should distinguish between helicopter money and ubi. I am for helicopter money, a substantial but one time gift. Ubi locks in the government to a long term commitment.
The Road To A Post-Corona Boom - Part 1
You are such a typical Republican. You have no real solutions. The problem since 2008 is that the Fed and government do trickle down. But trickle down does not work in an environment of weak demand. We have weak demand. Supply side does not work in that environment. Republicans will never get this.
How Central Banks And Lockdowns Are Making The Crisis Worse
That wasn't my question. If we just bail out FANG the economy is toast.
"Negative" Interest Rates And The War On Cash
Cash is crucial towards economic freedom of the individual.
How Central Banks And Lockdowns Are Making The Crisis Worse
Who can know who will or will not return to profitabilty?