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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Is This The Best Way To Profit From The Electric Car Boom? (SPONSORED POST)
So, why would an industry, the electric car industry, hitch its wagon to a commodity that is so scarce? How will that impact the price of electric cars in the future? Perhaps the author can write an article showing us the impact of this commodity on electric car prices in the future. And Cobalt is even more scarce than Lithium. Battery prices are coming down, but with scarcity of the main ingredients, they could rise in price later on.
Trump Accuses Germany Of “Currency Exploitation”: Merkel Vs. Trump, Is Either Side Telling The Truth?
Gold is not the answer. Going to a gold standard will likely be deflationary. Totally agree that Germany takes advantage of the Euro.
Don’t Count On The Great Rotation
I don't like #ZIRP either, Moon, but rising rates will trigger massive margin calls in derivatives markets. That should pick up demand for more bonds. JMO.
Review 2011: The FOMC Begins A Debate That Should Have Been Instead Closing
They refuse to trust their guru, #MiltonFriedman. Helicopter money crosses that divide between the financial economy and the real economy. Base money for the people is a no brainier. I think the Fed knows this, but doesn't really care. It just does not care. It would rather risk the rise of people like #Trump than to share base money with the real economy.
Trump Error, Day 7 – Waiting On The Fed
Lol, Phil, they said unsustatinable. That is funny. As far as China is concerned they don't like Basil so if RE crashes they won't be marking to market, most likely. Goebbels secretary died within the first 100 days of Trump in office. I don't know what that means unless it means the worse for America. I hope not.
Starbucks Announces Plans To Hire 10,000 Refugees
This is good news. We armed rebels, and we disrupted Syria. It would have seen more peace and possible resolution had we never been involved. We are, as a nation, at least partly responsible for the refugees being refugees. I hope people announce this rebuke of Trump's thinking and policy from the rooftops.
“America First”: What Traders Will Be Watching Next Week
Trader there is a new issue brewing. You may want to watch it. It is a bit early to take action, IMO. But it is a potentially devastating issue for one of America's foremost industries. www.talkmarkets.com/.../tourism-at-risk-facebook-doesnt-kill-people-people-do
Retail Sector Unwinds Under The Pressure Of Lesser Sales And Border Tax Adjustment Fears
It is humorous, except for the tragic aspect of it, that people spent more on Christmas, by curtailing purchasing of necessary items. That is likely the only reasonable explanation for growing Christmas sales and a bad GDP number for December.
One Lesson For Investors From Brexit And Trump Victory Missed By Most
Yes, this data applied to the electoral college was a mistake. I totally agree with you on that. But I know for most of us who are not experts in polling, we see that the polls were pretty accurate as to popular vote. Thanks for pointing out the misuse of the data.
One Lesson For Investors From Brexit And Trump Victory Missed By Most
Not sure I understand this article. Clinton did win the national vote. It was not even that close. However, unions did not rally for her in crucial states. And all because of the controversial pipelines that will likely be built over dead protesters if built at all. That unions would sacrifice issues dear to them to vote Republican was not well thought out, IMO.