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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Wealth-Destroying Zombies
Until Austrians admit that most depressions are a dangerous alternative, it is hard to take this seriously. I am not saying that Zombie firms are not a problem, but eventually the unavailability of credit is procyclical equivalent of shooting yourself in the foot.
Economic Old Age: 40% Unemployment Ain’t Awesome
Without increases in welfare things would have been worse. I think the Republican guerrilla in you wants to cut social programs to speed up a revolution.
Plunging Birth Rates Confuse Economists But Are Actually Great News
Wall Street always blames baby boomers for social security. After bank bailouts and no jail time for reckless loans, one would think that Wall Street would quit trying to divide young and old to take off heat for their irresponsible behavior.
Should You Buy The Banks Right Now?
Well, Goldman would want to exit first. Just sayin'.
Geopolitics Becomes More Salient As Monetary Policy Plays For Time
Mark, you said #Trump is a unilateralist, not an isolationist. Hitler was a unilateralist. He certainly was not isolationist. And as you said, Trump has no allies. Dog eat dog.
I am amazed that this does not make investors more nervous than they are.
Greg Weldon: Stock Market “As Overextended As Anything I’ve Ever Seen”
But if the global consumer cannot afford this increase in asset and commodity prices, it will act as a tax and eventually slow the economy, wouldn't you agree, Moon?
Canadian Monetary Policy: Caught Between A Rock And A Hard Place
I only follow Canada by what you post prof.
Canadian Monetary Policy: Caught Between A Rock And A Hard Place
When will fear take over?
Canadian Monetary Policy: Caught Between A Rock And A Hard Place
Will Rogers used to say the difficulty of raising rates is a reflection of economic weakness, especially within banking. The pricing of houses in Canada in the face of rising rates has to be a massive concern, prof.
Inflation And Corporate Margins
Interesting article. Wouldn't the businesses that have trouble passing on the price increases, namely retail, be at the mercy of inflation more than other businesses at other points in the supply chain?