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 Night Of Fiscal Infamy
But David, it isn't like the volatility wasn't planned. Did you tell your Fox friends that?
'Goldilocks' Is Dead - Stocks Plunge Most Since Lehman Before Sudden Buying-Panic
It used to be too quiet according to Lloyd Blankfein.
What Jim Chanos Gets Wrong About Tesla
I want my fellow contributor to be one of the first to ride an autonomous vehicle, on a busy freeway. I am not saying to short TESLA. The rocket seems to work. But autonomous cars are a scam. JMO.
Canada’s Job Numbers Mystify
Seems like an abrupt slowing, Prof.
The Scariest Chart For The Market
Well, this is partly right. Interest rates, since bond hoarding in the late '80s became serous business, have hit the wall and a crisis happened, like clockwork. That could happen again. The new normal was Greenspan's idea. Bonds as gold. But there are people who are trying to break the new normal. They are trying really hard to do this.
Moody's Threatens US Downgrade Due To Soaring Debt, "Fiscal Deterioration"
The New Normal has the world in a hammer lock. It would be nice to escape it, but Trump's attempts to escape are simply going to cost a lot of money. Maybe Trump wants to bust the financial world up. That cure will likely kill the patient, however.
Peak Hubris
Those gurus at the bottom of your article were all wildly wrong about the 10 year and stocks. They were looking at inflation instead of at Nominal GDP.
US Trade Balance Is Deteriorating, Despite Record Exports
Companies just don't want to expand capacity for production, Marc.
Acceleration In Wage Growth Is A Mirage
Not only is it long in the tooth, but wages increases are going to management. People have to make enough to afford to buy that which is produced. If they can't, and capacity utilization is rising, production will hit a wall.
Behind The Declining Labor Share Of Income
Interested to understand more of your conclusions as to how declining labor share will eventually impact economic growth.