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 World’s Greatest Bubbles Are Bigger Than Ever: When They Pop, You Better Own Some Precious Metals
Generally in a deflationary environment, the currency becomes stronger.
The Greek Tragedy Is Far From Over
The way Greece has been treated is shameful. Even Germany had much of it's debt forgiven after WW2
The World’s Greatest Bubbles Are Bigger Than Ever: When They Pop, You Better Own Some Precious Metals
If metals are leveraged even gold and silver could be risky in a downturn.
Tesla Tumbles As Broader SEC Inquiry Revealed
The SEC must not be members of the Musk cult. Nice.
Rub US The Wrong Way
You would think Russia would use it's only weapon, decreased oil production, to combat sanctions.
Tesla: Should Have Been Private, Now Should Be Public
Love? You don't see that exhibited towards a public company often. Strange concept when applied to Elon Musk.This, a man who said twice that you should not be allowed to drive your own car. I don't love that totalitarian threat to freedom. Get real.
Tesla Under Pressure As Analysts Debate If Musk Should Take Carmaker Private
It would be nice if number 2 would go away by going private. We can vote out number 1 but number 2 has proven more resilient and his cult has more money. Maybe even a million dollars.
August 9, 2018; Debut Of Eurodollar University Season 2
FDR inherited a situation far worse than the Great Recession. My parents believed he helped America. One can see how the current malaise could be a much easier fix than the Great Depression. Yet we are seemingly trapped by demand for long bonds.
Consumer & Business Leverage & Risks For Economy
So how much leverage is derived from high flying tech stocks? What happens if China causes Apple stock value to crumble?
July 2018 CBO Monthly Budget Review: Revenues Up 1%, Outlays Up 4%
Are we winning yet?