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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Fed Signals Will Break The Economy. Wait Til Trump Finds Out
I think the Fed will make it necessary to buy bonds, as a sort of protection. So, I wonder if the deficit is just a means of providing more needed bonds to Wall Street. I think the Fed wants to break the economy rather than tolerate just a thimble full of inflation. Guarding the collateral is the most important for them at this point. I could be wrong, but a hawkish Fed is gaining momentum. That hawkishness will raise short rates, but long rates seem stuck in a permanent range. If they go a little above the range, the Fed will slow even more.
Trump Denies WSJ Report, Says "Under No Pressure To Make Deal With China"
Trump has a severe personality disorder. He will not make a deal if he thinks he can win. Stock investors beware.
Hurricane Florence Takes Aim At North Carolina: Insurers Could Lose $20 Billion
Surge is still high. Winds down but that doesn't change the surge of a huge storm. Katrina showed us that.
These Numbers Could Push The Fed To Do Something Stupid
Massive demand for long bonds, recently. Must be they know the Fed is awakening to being behind the curve, lol.
We The People
Most of the time the author is right. But when capitalism goes off the rails is when legitimate regulation set during the Great Depression is repealed, setting the stage for the Great Recession. I oppose a worldwide tax, but capitalism gave itself the black eye of the Great Recession. Greed is fine until greed comes by cheating. Then capitalism is seen as the enemy of the people. Either capitalism self regulates or cries for harsh limitations will follow.
Chinese Government Encourages Share Buybacks As Bear Market Deepens
Not a sign of confidence in China, but a sign of confidence here when companies escalate stock buybacks? You are right to say they can't foster confidence anywhere.
Pledging massive amounts of stock for loans is completely reckless.
Bubble Watch: The Fed Has Burst The Everything Bubble, Pt. 2
Bond yields are above trends but it could be looked at as more of a counterparty stress test than as a bear market in bonds
Kneeling For Nike
Nike has done a lot of good for communities. I don't view the company as harboring Weasels. You must have been talking about Goldman Sachs or other big banks.
The Monster Eurodollar Option Trade
But an aggressive policy of raising rates by the Fed does not insure long bond yields will go up. i am not sure you covered that scenario, Kevin? Interesting article for traders and non traders, however.
Budget Deficit Soars To $895 Billion; Will Hit $1 Trillion One Year Ahead Of Plan
24 to 54 year olds are nearing full employment, which could mean that tax revenue will hit a wall. Not sure when that will be.