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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Latest Comments
Should Investors Worry About Trade Wars Or Fed?
So, you think Trump will cave? His disdain for all nations, not just China, means he has opened this trade war on many fronts.
Can This Company Perform Well In A Grocery Battle Against Amazon?
Kroger stores in Las Vegas, known as Smith's, are flooded with customers. Just FYI.
Technically Speaking: The Drums Of "Trade" War
Straight tariff war the US wins. But China can play dirty. It could close the Apple plant. It could stop all multinational American business in China. The stock market and the leverage that props it up could get ugly. The odds are it won't get to that point, but investors clearly are not sure how far Trump's ego would take him. He already has had to eat crow with the separation of children. How many hits can he take before he wants to get mad and get even?
Signs Of A Top, Or That I Am A Grumpy Old Man
Grumpy is cautious. So that is good. Entertaining article.
This Is Where The Biggest Tariff Impact Has Been
Not just soybeans. Bourbon, which hits the most powerful senator diectly, has tariffs applied from Mexico, Canada, Europe and China. This is an almost miraculous growth industry vital to the state of Kentucky. It is in peril.
What Doesn't Kill You Makes You Stronger
Has anyone wayched Trump's recent speeches? How can anyone say he is not crazy unless he is communicating something else in private? The man appears to be certifiably off his rocker.
The Waymo Tesla Self Driving Con
I am flattered, but it was probably coincidence that they removed the blurb.
Technically Speaking: The Drums Of "Trade" War
We know he wants to make a deal. If he were to make a deal that would be great. But the US consumer is already strapped. And the markets are leveraged to perfection. China knows this. They can and probably will wait Trump out. And Trump could have focused only on China. But he alienated the world. Same mistake Hitler made when he opened the Russian front!
Technically Speaking: The Drums Of "Trade" War
Sell, sell, sell! That is the clear message of this article.
US Dollar Drives To 11-Month Highs As Stocks Continue To Sell-Off
Margin calls could undo Trump. He is talking tariffs on $450 billion of Chinese products with equal retaliation.