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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Latest Comments
Deception
Janet Yellen has Donald Trump right where she wants him. If everything crashes he will be given the go ahead to spend like a drunken sailor on infrastructure.
Chart Of The Year: US$, 10-Year US Interest Rates Begin To Rise
Margin calls for bonds as collateral in the derivatives markets would happen if rates went too hgih. That could cause demand for quality bonds to go through the roof. I wonder when that will affect the derivatives market?
Financialism, Not Capitalism
Banking genius, then lies, if I read this article correctly, in the ability to buy and sell that which you don't own. Will Rogers warned about this sort of thing back in the first Great Depression.
Obama Is Still Blaming Gold-Hoarding Russia
I would agree, but we are being reamed out economically, as good paying jobs are being replaced by inferior paying service sector jobs, inferior in pay, not regarding the importance of all work. Unemployment remains sky high in most rural areas compared to the cities. It is like two nations. It must be fixed somehow. There has to be a balance if possible.
Obama Is Still Blaming Gold-Hoarding Russia
This interest issue very well may be true, but the neocons have wanted a renewed cold war with Russia for some time. This is bigger than just Obama and interest rates. The neocons may have trouble sleeping at night as their desire for world domination slips through their fingers with Trump, or maybe it won't: www.talkmarkets.com/.../anxiety-over-donald-trump-is-palpable-in-main-stream-media If Russia is so weak, why are the neoconservatives so obsessed with it?
Are Rising Rates Good Or Bad ??? The Answer Is “Yes”
Would banks lend more now? They just got a big raise on their IOR, Todd.
My Thoughts On The MSM Getting President Trump Elected And Then Some
So, now that Donald Trump has won, and the link between the campaign and the Russians has been made, there is a fury coming from the main stream media that I have never seen before. Like I said, I have huge reservations about Donald Trump as a man, but this media fury is obviously sponsored by those who really don't want him to be president, and I think I know why and the reasons are alarming: www.talkmarkets.com/.../anxiety-over-donald-trump-is-palpable-in-main-stream-media
What If Unemployment Goes Below Zero?
Mike, you must be talking about the main point of your article, that unemployment seems to be reaching theoretical limits on the downside and yet there still is little inflation. I don't have an answer other than weak wage growth means labor is getting reamed by the capitalists and have no spending power.
How The Fundamental Backdrop Could Turn Bullish For Gold
I have to think that the Fed announcement of three hikes in 2017 show it has to keep inflation expectations under control.
How The Fundamental Backdrop Could Turn Bullish For Gold
Gary, can you clarify? I would think that if the Greenspan conundrum is still in place, that the yield curve would flatten.