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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Stocks In Final Melt-Up Stage?
Interesting presentation. Probably right. But Americans are on a buying spree. Seems like stocks are dependent on imports more than exports. In other words, some things don't always work out like past performance.
Jim Rickards: Next Financial Panic Will Be The Biggest Of All, With Only One Place To Turn…
Provocative article, but bonds are typically the safe haven. Bonds are more like cash.
U.S. Government Shutdown Looms...$7.8 Trillion At Stake
This shutdown is #Trump's doing. No one will remember Chuck, but all will remember the Donald. If Trump wants a deal he needs to negotiate. He didn't have to negotiate the trillion dollar welfare package for business, but now it is back to the nuts and bolts of running the government. Democrats cannot trust the Republicans because they have gained no trust.
What About 2.62%?
The inversion of the fixed swap and floating labor rates began the great recession. But certainly long and short inversion can cause similar problems.
Real Estate Bears Strengthen
The question is why? With the tax cuts and repatriation, stock will go up and investors will likely put more money into real estate. This will drive up rent and nullify the smallish tax cuts for everyone else.
The Tax Cut Benefits For Corporations Are Now More Clear
If the trickle down is smoke and mirrors, we could be headed to recession. We hope that there is real benefits to mainstreet.
Uninvestable Tesla
You may be right, but as a commenter on Bloomberg tv said, there was no improvement between the self driving car she rode in in 2011 and the one she rode in recently.
Puerto Rico – Fourth Quarter 2017 Review
I believe the president has the power to change it. But I am not an attorney Cynthia.
Some Thoughts On The Walmart Minimum Pay Increase
Wage growth is perking up, but wages have been so weak for so long that I bet it isn't enough to really strengthen the working guy's position versus the capitalists.
Traders Are Betting The Fed Is Wrong
The hoarding of bonds getting ready for the downturn seems to be a big effort now. Nice article!