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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The Growing Global Threat Of Labor-Saving Automation
Carney warns of communism. But really, fascism has a big head start. Fascism is totalitarianism for the wealthy and communism is totalitarianism for the poor.
Asset Bubbles And The Payback Period Now Upon Us
New taxes on property wealth will make it even harder on millennials. However, it should be a progressive property tax. Those who benefitted from big tax cuts here and abroad should pay the most in wealth taxes and property millennials could afford or almost afford should not see additional taxation. Wealth tax should not be yearly.
Inflation Is Back, Part 4: Maybe The Phillips Curve Was “Just Resting”
Too little too late. Gasoline and housing are waiting to gobble up raises from 9 to 10 dollars per hour, lol.
Trump: If Dems Win Midterms, They'll Impeach Me; Stocks Could Be Up 60% But "I Have To Do Things"
We will see if he ignites a trade war. He is always is a political irritant. Maybe he can bring the Koreas together. But he is obsessed with blocking free trade and that won't make America greater.
Stock Market Crash: Imminent Or Does This Stock Market Bull Still Have Legs?
Cynical view of "the masses".
The Fed Is In A Pickle
It could be that the needle is unthreadable. The Fed won't be dovishly cautious. It will be hawkishly reckless because it will wring financial concessions from main street and hedge funds.
Carney: Rate Rise Only A Question Of Time
So, it doesn't matter if an economy is slow, rate rises are on the way.
Yield Curves Flattening In High Income Countries
Interesting. Perhaps the UK avoids recession because it has the largest financial presence. It has many ways of earning off any financial change. It would be nice if someone could study that concept.
Why Are Companies Adding Excess Debt?
Trusting the Fed to keep money easy when it continually tightens at the end of a cycle borders on corporate insanity. Doing the same thing over and over with the same disasterous results is a concern.
USD/CAD Forecast April 16-20 – Moving On From Syria To The Big BOC Decision
It is certainly hard to predict how much more the West will do in the middle East. After all, Bush once said mission accomplished and the war raged on. But we read that people were injured not actually killed in the most recent attack. That is Hollywood, IMO. It was all for show.