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
Prof, Canadians are already cancelling trips to the USA and are buying Canadian using the hashtag #Trumpfree which could be the beginning of a very powerful movement. Donald loves Kim and hates Trudeau, a true definition of insanity.
When Doves Try
Sarah is a pathetic figure. The prime minister of Turkey is a reflection of human nature, wanting low and high rates at the same time.
China’s Hatches Further Battened
Even if there was an argument for placing tariffs on China, the charts in this article show now is not the time! Business cycle is slowing.
Turkish Lira Tumbles As Erdogan Threatens Moody's With An "Operation"
I can't confirm that, can you?
Turkish Lira Tumbles As Erdogan Threatens Moody's With An "Operation"
Wow, Turkey bought ISIS oil back in the day, probably with the blessing of the United States. Turkey probably feels it is owed something for doing the west's dirty work. And it feels betrayed. There is a logic to it.
Are Elon Musk And Tesla Ready For The Future?
David, it is TSLA itself that refuses to separate itself from autonomous cars. And the new software package, called a self driving package, has 30 second warnings to keep one's hands on the wheel. TSLA may prove to be a cash cow or not. But twice, Elon Musk said people should not be able to drive their own cars. This is an issue of the CEO's making.
Yield Curve Continues To Flatten. A Bullish Sign For The Stock Market
Fascinating article. However, your example of 1980 shows only three months of stock appreciation after the yield curve reached 40 basis points. While the other examples were showing years of appreciation, 1980 is the fly in the ointment. Nothing is guaranteed! The addition of a tariff war could bring on problems sooner. I don't think Trump is just talk this time. He is mired in the weeds created by his own stubborn doctrine.
Will Canadian Boycott Start With Kentucky Whiskey?
So true, Moon, but I can't see it as being liberal. It is radical, far left. And now it has been adopted by the far right, and Trump is farther right than anyone could have forseen. Being a radical nationalist (as opposed to a moderate national) is a far right position but it does correspond to a far left union radicalism. Most everyone, I thought, was in the middle, be they liberal or conservative, and were for free trade as a general rule. The problem with the USA is that real estate is inflated, and wages are inflated, and pretty much everything is inflated as regarding competitive international trade. So it is hard for the US to compete in making everything. Trump seems not to understand this, and will create real inefficiencies going forward. And he would like to see real estate continue to go up. He wants everything to go up except maybe the dollar and oil. Jesse Colombo says everything is a bubble, and regarding international trade he could be right!
Tesla: Headed Much Higher After Blockbuster Shareholder Event
Donald Kaplan and Joe Black, the new software supposedly has a warning every thirty seconds to keep your hands on the wheel. If you have to keep your hands on the wheel of a self driving car what is self driving about it? Seems to me that TSLA has taken the warnings of the dangers inherent in these vehicles to heart, but then, why pay for an over priced cruise control system?
Yield Curve Collapse Signals 'Policy Error' Looms After Hawkish Fed Statement
Or it signals too much demand in the world for long bonds. Or maybe it is both. The most interesting indicator in the world right now.