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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Gundlach's Warnings & Fear Mongering: Several Years In The Making
So, I would not put too much into CAPEX spending. Look at what a Fed president said: “Excluding energy and oil investment,” Federal Reserve Bank of Atlanta President Rafael Bostic explained in a speech last month, “investment growth is still below 5 percent on a year-over-year basis — a bit lower than the typical expansion average.” That was in June 2018.
Gundlach's Warnings & Fear Mongering: Several Years In The Making
And Seth, the debt companies do have is being hoarded, not used to develop new products or build new factories. How do you explain the massive growth of Cat sales with no plans to expand? Something is amiss.
Gundlach's Warnings & Fear Mongering: Several Years In The Making
Seth, it is easy to have a lot of cash and sku the Fed chart. If a company appears to have more cash and a better cash to debt ratio, it may be because it is hiding some debt off the balance sheet: www.bloomberg.com/.../corporate-cash-isn-t-doing-much-but-hiding-debt
Trump Unwisely Escalates Trade War: Expect A "Rare Earth" Response From China
Supply chains are the ultimate weakness of Trump's trade war folly.
Downside Risks
Author is correct. QQE or whatever the BOJ does is not money printing. it is sterilized by law.
Transition Time: Volkswagen Announces "Electric For All" Campaign
In 80 or 90 years, there may be enough customers to buy a few electric cars. Or maybe not.
Reality Check Now In Progress
Unfortunately, the destruction of the economy and a popping of the everything bubble is an experiment, as well.
Central Banks Have Gone Rogue, Putting Us All At Risk
But Congress should have more powerful oversight of the Fed.
Central Banks Have Gone Rogue, Putting Us All At Risk
Nationalizing everything rarely works. Maybe the Fed itself. But it would not make much difference if politicians took advantage. But nationalizing media? That is crazy.
More $100s Than $1s
Eliminating 100 dollar bills would tighten dollar scarcity. It is a terrible idea.