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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Federal Reserve And Long-Term Debt - Warning!
Great article. The Achilles Heel of this system is wage stagnation and an accompanying lack of credit for those who buy the goods and services produced.
Larry Summers 100 Dollar Bill Ban And Westfalia Lost
This article was originally written as a defense of Westfalia Nationalism. It was a cooperative nationalism. It is not Trump's nationalism! That, so far, is working out to be very different, disrespectful to our allies, and ultimately hurtful to the world economy. There is a better nationalism.
Unfortunately, Henry Kissinger thinks that Europe is Westfalian. But is it? It is more ruled by Germany and the core nations. And it is not nationalism.
Again, Trump's nationalism is particularly odious, and he sounds more like Adolph Hitler than I see as being comfortable. Now, will he act on his darkest nationalist desires? Only time will tell.
F.A. Hayek Saw Bitcoin Coming 34 Years Ago
Yeah, but I don't think Hayek was smarter than the founding fathers. I think money should be controlled by government, just like refereeing a basketball game should not be put into the hands of the players.
Trump’s Fascinating Economic Experiment (That Might Just Be Working)
He is experimenting with the lives and livelihoods of families. I don't think it is interesting at all. The new 20 percent tariff no doubt came out after this article was formulated. For that I forgive you Cullen!!! You probably would not have written this with that on the table.
Trump Threatens 20% Tariffs On All Cars Coming Into US; Euro, Car Stocks Slide
Trump truck tariffs are more costly than any minor dairy protections from Canada.
Manufacturing PMI Plunges To 7-Month Lows: Orders Tumble As Prices Soar
And people may already be boycotting US products.
Streak Broken?
Trump called for 20 percent tariffs on European cars. The Dow is losing gains.
I Don’t Know
The landscape keeps changing. Now Trump will likely impose 20 percent tariffs on European cars.
Trade War: A Position Of Strength For…
So, there is no proof that just because China is losing that it can't start hurting America big time. There is no proof that China will buckle. China is proud, and I seriously doubt that US investors are going to take comfort in the idea that they will bow to Trump. China may, but it is a risky assumption that it will.
Trump May Shrink Shipping And Air Shipping Capacity Utilization
Here we are a year later, prof., and our POTUS is really attempting to control world trade, not just China trade. He is warring against everyone, and is taking a big risk with the economy.