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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OPEC Is Ripping Us Off
Interesting take. I would say Trump got laughed at and it will eat at him. I can't believe you saw anything good in his speech. If he were serious about taking on the world order, globalism, he would take on the international banks. I don't see that happening. And would he even know how?
It Is Easy To Understand Why The U.S. Has Backed Down On NAFTA Deadlines With Canada
Prof, it certainly is a clear choice in the election for those of us who are tired of the mistreatment of Canada by King of the World (in his own mind).
Rise Of The Zombie Corporations: Percentage Keeps Increasing, BIS Explains Why
Considering that some firms off balance sheet their loans, the percentage of zombie firms could be higher.
TGIF – Trump, Tariffs And The Game Of Monopoly – Why You Should Care
Tariffs are a tax that enables the Trump family and cronies to again profit off of misery. Pretty much sums it up Phil.
When Does This Travesty Of A Mockery Of A Sham Finally End?
Helicopter money, as Kyle Bass has said, is the only answer. The alternative is far more costly.
Walmart Warns It Will Be Forced To Raise Prices Due To Trade War
Trump does not really care about the average consumer. He lied about the wealthy paying more in taxes because they could afford it. He is hurting rural America as I predicted. They are stupid enough to go along with him.
Electric Vehicle & Battery Metal News (Sept 2018)
A million electric cars sold worldwide in 2017. Reminds me of Austin Powers. And it sounds like a good number of those are public vehicles with limited range. Over 80 million vehicles sold worldwide in 2017.
Why 80% Of Americans Face A Retirement Crisis
If capitalism is a private profit system requiring accumulation of capital, it is the attempt to squeeze profits through cheating and or Monopoly that raises the cost of living.
Bubble Watch: The Sovereign Bond Bubble Is Getting Dangerously Close To Its “Needle”
Hard to tell if this ominous call is a premature call. There is still massive demand for long bonds, considering the supply is increasing.
Why 80% Of Americans Face A Retirement Crisis
Cost of living is dramatically higher, while wages are not. That of course, is what capitalism wants. It is maybe the reason young people hate capitalism. This needs to be fixed or capitalism, still the best system, could be destabilized. I think the odds of that happening are low, but one would think the capitalists would try to be more careful. Yet under Trump they have been exceedingly reckless in getting tax cuts for themselves, buying back stock, and arrogantly supporting tariffs that will ultimately come back to bite them.