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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Setting The Record Straight On Canada-U.S. Trade
It just isn't necessary. Canada is a tight country and they will stop buying American. Even the governor of Wisconsin, where much of the northern dairy farms are, says this trade war is not good.
Sweden Heads Toward A Cash-Free Economy
Yes, when interest rates go negative, in a cashless society your savings are taxed by the negative rates. You cannot take your money out of the bank unless you spend it.
Sweden Heads Toward A Cash-Free Economy
Prof, people are coming to understand that cashlessness is a form of totalitarianism, making it impossible for people to escape negative interest rates as a tax on their savings. I wonder what Marx would have thought about this totalitarian creep.
Autonomous Vehicles: Here's One Crystal Ball
What is needed to facilitate the arrival of av's is to get them to think like human drivers. That will never happen. So the report is little more than propaganda.
Setting The Record Straight On Canada-U.S. Trade
You would destroy a relationship which is pretty even as to trade balance over one industry? That is just a bullying tactic by Trump. Yet you adopt it too?
"The Global Bond Curve Just Inverted": Why JPM Thinks A Market Crash May Be Imminent
Or when demand for collateral requires buying long bonds.Or maybe all of the above?
Will Rising Rates Really Hurt The Housing Market? Hint: No, On The Contrary
Well, teaser rates and toxic loans between 2004 and 2006 to anyone with a pulse allowed rates to rise with real estate. It was a classic con.
Chinese Tariff List Translated, 545 Items: US Farmers And Automakers Clobbered
Trump voters will pay a heavy price but so will others.
Setting The Record Straight On Canada-U.S. Trade
For Trump to attack Canada over these products is a joke. There is not enough difference in balance of trade for Trump to get away with this and he won't get away with it. Americans now are forced to pay too much for American lumber. Is Trump winning yet?
Setting The Record Straight On Canada-U.S. Trade
By the way, prof., Americans who believe Canada is being unfairly treated should join this boycott and buy Canadian wherever possible. And Canada should direct as much trade as possible away from the United States.