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 Basic Flaw In The EU Fiscal Position: The Case Of Italy Today
2.4 percent does not seem excessive.The EU is the opposite of Trump. Trump spends too much and taxes too little. EU is too austere.
U.S. Natural Gas Exports Hit By Tariffs: ETFs In Focus
Oops, Trump not winning with Nat Gas.
Agricultural Exports Plunge, Trump Accuses China Of Meddling In US Elections
Trump said soybeans were up but they are down. Trump's world is upside down. He has a larger brain than the Chinese, apparently. And that means they must look up to him for his wonderful wisdom. It is a form of racism for him to say something that stupid.
Elon Finally Goes Too Far
Oops. An Elon in the headlights.
The Fed’s Newest Double Standard
The Fed has no other way to control inflation but to ravage main street. You would think there is a better idea out there.
Markets Reject Fed Rate Hike
And overheating for the Fed is just a little fast growth, not much, historically.
Foolish Nature Of Picking Winners: Trump's Tariffs Cost Ford $1 Billion
The rise in prices can signal more aggressive hawks on the Fed to act.
Impossible Hawks
The Fed cannot handle a boom. It knows this. It can only handle the new normal of slow growth. And Trump wants a boom. But he wants it by making US manufacturing inefficient and costly through tariffs. The Fed hopes that no boom will mean no crash. Market Monetarists agree with that. I guess we will find out if they are right or not.
Markets Reject Fed Rate Hike
The Fed is not going to let Trump overheat.
Housing History And Why The Yield Curve Got So Flat
Political upheaval is coming. But not revolution. The bullets are too expensive.