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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Ruble Tumbles, Russian CDS Jump After Full Text Of "Crushing Sanctions" Bill Leaks
You wonder when economic war will turn into real war.
Concentrated Risks Glossed Over By Marketing Wrappers
This article is an appropriate warning for sure.
Trump May Be Wrong About Winning A Trade War
Cramer says China is bluffing. But why would China have to bluff. Keep in mind that in my article, Cramer said Apple could be hurt. He has, then, essentially taken both sides of the argument. The question is, why?
Trump May Be Wrong About Winning A Trade War
China did indeed play the Apple hand, threatening to hold that company hostage. Apple's earnings could be in danger if Donald Trump gets too frisky with tariff madness. The man may as well howl to the moon at this point.
Tesla’s Cobalt Blues; Spin, Fake News Or Deception?
Musk tweeted and it busted the balls of shorts. But it is not settled information so the stock was halted. It may be a securities violation
Tesla’s Cobalt Blues; Spin, Fake News Or Deception?
So John, the stock was halted today. Musk has his own rules, apparently. His tweets, like POTUS, is getting him into big trouble.
The Cult Of Tesla's Elon Musk
Stock was halted today. Looks like Mr Musk has some explaining to do!
Tesla’s Cobalt Blues; Spin, Fake News Or Deception?
Perhaps that is why Musk is considering taking Tesla private. He may understand mass production of electric cars could hit a brick wall of Cobalt supply. It would be interesting to gain your take on that.
Some Initial Consequences Of Trade Tensions
Trump wants a trade war with Canada, a nation that applies smaller tariffs than does the USA. What is POTUS smoking?
Thinking “Out Of The Box” To Invest And Survive In The Next Recession
Interesting article. Luxury is in demand, but much of that demand comes from China. Watch for trade issues with luxury items if a compromise cannot be reached.