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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Did China Pandemic Endanger The World For A Deal?
But it is more than that Kurt. Buy China and you buy the hope for world growth and prosperity.
The 21st Century Sucks
Unemployment doesn't discourage people from working when jobs have been shut down. Serious economic rigidity of thinking, Scott.
Did China Pandemic Endanger The World For A Deal?
Update 3: China has warned Australia to drop efforts to investigate China's response to and origin of the Covid-19. Australia will lose business, but seems determined to move forward.
What Was Monday’s Negative Oil, And Why It Was Overshadowed On Tuesday
Love the reference to Trading Places.
When Will We Be Freed From Covid-19 Lockdown?
Update 7: McConnell does not want another round of checks to citizens. The first $1200 may be the last $1200. This could be a disaster.
The Real Diseased Body
Without China stimulus our recovery is not guaranteed.
COVID-19 And Oil At $1: Is There A Way Forward?
This could help:
talkmarkets.com/.../chaos-in-the-oil-markets-explained
Time For China And The WHO To Fess Up
Well said. Australia and other middle power nations need to press for Coronavirus clarity.
COVID-19 And Oil At $1: Is There A Way Forward?
Disappointed in the author's nationalism. It may be popular but it won't fix the world.
Did China Pandemic Endanger The World For A Deal?
Update 2: France and Germany are inquiring into China's handling of the Pandemic. But those nations and the scientific community have broken with the USA which suspects the Covid-19 was created in the Wuhan lab.