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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China Charm Offensive Sparks Stock Gains As Trade Tensions Ease (For Now)
China has no chance of getting Trump to negotiate. He rallies his base with tariff hawkishness. China will court American business. Smart play.
Kneeling For Nike
Nike has good shoes at prices that are not as high as I had assumed. I went into a Nike store today. The Air Jordan has a little cushion and is well built. It retailed on the Las Vegas Strip for $109. It could be cheaper elsewhere, but I am not sure. Still, that is not unreasonable for that shoe, IMO.
The "Big Bond Short" Illusion
Probably short positions are quick in and out, and maybe they are just there to get people to fear a long position. Isn't that what tantrum boys do all the time?
From Democracy To Technocracy
Seems like Trump has already assembled a cult army determined to take over America and free it from technology. Well, maybe not Twitter!
Canada’s Failing Energy Strategy
Protecting whales is not dysfunctional. Protecting Monterey Bay in California is not dysfunctional either.
From Synchronized Growth To Renewed Divergence And A Rubicon That Will Be Crossed
Trump will make China even more independent. If that doesn't wake up Wall Street, nothing will.
Mexico Learns How To Play Trump's "Let's Make A Deal" Game
Awesome article, except the last sentence. The world is winning if it does not bow to POTUS. The opportunity to crowd out the USA from supply chains is enormous. If Wall Street does not wake up, the changes will be irreversible.
Trade War Could Affect 11 Million US Blue-Collar Workers
When these rural areas get hit by Trump idiocy they may never recover.
It’s A Dollar-Based Boom Shortage More Than Anything
It is almost as if the new normal and even a nearing business cycle crash were set to take effect before the recovery in 2009 even began. Absolute must read.
Average US Rent Hits All Time High Of $1,412; Biggest Increase In 18 Months
The Republicans will suffer greatly for this greed come November.