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 Road To A Post-Corona Boom - Part 1
This article would make sense if the Fed would not boost a single asset. House prices would need to be cut in half. How does the author think that would go over? I bet he wouldn't like it. You can't cut wages without cutting the cost of living Joseph.
Excess Consumption Is The Other Disease That Plagues Us
This sounds like a good plan, except that it will cause too much pain if efforts are not made to get money into the hands of the people that will spend it, the end demand consumer.
8 Reasons Why Economic Disaster Won’t Happen
Too rosy. Even the chairman of the Fed is not so sanguine.
Bondholders Are Rewarded As Deflation Starts To Take Hold
It is amazing, prof, how the government seems to be paralyzed when it comes to helping end demand, like Americans should not be such a moral risk to society. And yet end demand is what is crumbling. They only see the supply side issues, which won't fix end demand.
Economic Catastrophe: Millions Upon Millions Of Jobs That Have Been Lost Are Never Coming Back
If we cut off China it will be even worse for us.
Trump, China And Phase 2 Negotiations
I agree with you that we are weaker than China especially if we continue to wall off China.
Trump, China And Phase 2 Negotiations
Update 1: The Phase 2 talks are in jeopardy as both China and Trump have indicated displeasure with Phase 1. The Pandemic has given both nation confidence that they have the other in a weakened condition. Not a good situation.
Prepare For Defective Herd Immunity: It’s Coming
Barry, attempting herd immunity with a live virus and no protection is not recommended by medical people.
Prepare For Defective Herd Immunity: It’s Coming
The herd that wants herd immunity is a dumb herd, a Boros Johnson/Donald Trump herd.
Is Wall Street Oblivious Of Main Street Pain?
This appears way, way to optimistic.