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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"Whatever It Takes." The Next Level Of Monetary Policy
So, author, explain to me this chart if borrowers have run out of borrowing capacity? research.stlouisfed.org/fred2/graph/?g=3xG8
Will Millennials Be The Greatest Generation? Frugality And Trump And Ethics
Sorry, correction. The silent generation was 1925 to 1945.
Obama’s Legacy: 5 Million Increase In Households Where No One Works
Do you believe that those households have no income coming in, Mish? You can't pay rent with food stamps, Mish. If some households have welfare, it is certainly not all cash aid, and certainly food stamp recipients work when they can.
Three Things I Think I Think – Weekend Edition
Yeah, a glimpse into prosperity is not the ability to buy a phone, but rather, maybe a car or even a house! Millennials struggle with these big ticket items.
Cash, Guns And Safes: Stress Is Spreading
Hopefully saner heads will prevail and people won't listen to Summers, Rogoff and the globalist liars.
Visualizing Textbook And Alternative Interpretations Of The Friedman Analysis Of The Sanders Economic Plan
Fiscal stimulus could be permanent, with a little helicopter money. But then it could be diminished based upon the increased rate of inflation. Government debt is not what is holding back our economy. Student loan debt and other consumer debt is holding back the economy.
Jim Rogers: There's A 100% Probability Of A U.S. Recession Within A Year
Rogers is the boy who cried wolf. Yes stocks could drop like a rock, but that does not necessarily have much to do with main street anymore.
The Economic Collapse Of South America Is Well Underway
I think they are trying to patch of the American consumer. If he doesn't get healthy, the world economy will slow even more.
The China Paradox
I couldn't find much on crude going bad over time but apparently by products have a shelf life.
Will “Brexit” Cause The Next Recession?
Well, the City of London hides sovereign money from all over the world. Surely it would not somehow become less attractive to tax cheats and miscreants than it already is.