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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Tesla’s Secret Sauce: Startup Leadership Style
Yes, #ElectricCars are gaining some momentum. However, 70 percent of millennials will not buy electric cars and 66 percent think self driving cars are bogus. Those numbers will go up when people realize that self driving cars do not have the ability to merge, nor do they have the ability to spot motorcycles, nor do they have the ability to navigate construction zones: www.thedrive.com/.../millennials-arent-interested-in-electric-cars
Tesla’s Secret Sauce: Startup Leadership Style
I don't like electric cars. But there is a vocal minority that loves them.
Signs Of Something, Just Not Wage Acceleration
While this is an awesome article, you are too kind to them. The Fed knows what they are doing. They are procyclical liquidators.
The Euphoria Debate: U.S. Stocks Versus U.S. Real Estate
In the age of the new normal, debt is turned into assets. It is different now. What is a bond bubble when there is massive real demand for bonds
On The Fed’s Pause Due To Dual-Barrelled Monetary Tightening
The Fed may save stocks at the expense of real estate.
Face Off: Stocks Vs. Bonds And The Economic Outlook
Bonds may not be a reliable indicator as you also say. Bond demand is shown to be strong in times of boom and bust under the new normal.
The Fed Is About To Hike: Why That Is Bullish For Bonds
The market is betting on the Greenspan conundrum continuing, which is, of course, caused by massive bond demand.
Reserve Requirements As A Chinese Macro Policy Tool
So, China refuses to destroy its subprime off balance sheet lending like we did in 2008. Our Fed did it. It was done on purpose. It was done to funnel billions to Wall Street while hurting the middle class. China does not sign Basel accords. Now you know why.
Will The Crazy Global Debt Bubble Ever End?
This could be wrong. If housing construction dries up, house prices go up. If credit access dries up, the existing bonds will be worth more, not less.
US To Sell Off Its Strategic Emergency Oil Reserves
We are not shifting to electric cars. Half of them were sold in California. It isn't that I don't like California, but California does not represent the nation in this case. Plus people are trading them in for gas powered cars.