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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Dot-Com Bubble 2.0 Is Bursting: Tech Stocks Are Already Down Half A Trillion Dollars Since Mid-2015
If banks and their clients had not leveraged a bet on continuing oil strength and dollar weakness, then this spiral would not happen, as the America consumer could come to the rescue. But apparently he is useless to the financial powers that be and that continues to be a BIG MISTAKE.
Inflation Is The Monster Hiding In The Closet
Interesting chart. Bond prices march upward, relentlessly. Manipulation probably has slowed this march upward, but it won't stop it. I don't see bonds falling in price due to inflation. The central banks could not manufacture inflation if their lives depended on it. We are sliding toward deflation, more likely. The Fed and other central banks target 2 percent inflation but they don't even reach that. And clearly, inflation fears are unwarranted. JMO.
China Blows Another $99 Billion Of Reserves In January: Yuan Intervention And Results In Pictures
Shorts appear to be currency manipulators as well. They tend to make a bad situation worse.
2008 Redux?
Great information. Bond demand is crazy and could get more crazy. The useless yield curve is duly noted.
Easing Of US Recession Fears Will Likely Lend Dollar Support
There are certainly positive things happening in the USA compared to other nations. But, deflationary pressures certainly exist, still. There may be higher pay, but seniors got no cost of living raises in social security and many government agencies and retirement associations gave no cola's either.
The Presidential Race And A Return To The Gold Standard
Since fractional reserve banking won't go away, unless it totally melts down, I have always thought that gold advocates should spend more time exposing the system so there can be some changes in long bond demand. Too much demand has pushed yields to dangerously low levels. JMO, Jeff. Thanks for the article.
Yield Curve Flattening?
Nice heads up. Phil Michelson would likely outlast Barclays. ( You have to watch golf to get that joke)
US Bond Market Week In Review: The Bond Market Sees Weak Growth
Nice article showing that demand for bonds is keeping rates low, with charts to prove a flattening is possibly coming.
The Presidential Race And A Return To The Gold Standard
Honest money, but they destroyed the amount of gold you could redeem. So, every system can be gamed. The Fed base money is backed by bonds. Excess reserves and most of the money supply apparently are not. The problem with gold was that money was so tight that farmers could not get loans. Tight money is as bad as loose money.
A Badly Wounded Deutsche Bank Lashes Out At Central Bankers: Stop Easing, You Are Crushing Us
Exactly. The idea that negative rates are normal and lending should increase as banks don't want to pay their central banks a fee to store money is a joke. However, this experiment in negative rates is far from over.