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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What Follows The Most Epic “Reach For Yield” Episode In History?
And if any of the risk is mispriced, it could get bad.
The Daily Shot And Data - January 29, 2016
Yes, our Fed is ridiculously afraid of inflation in a deflationary world.
Back In The Saddle, Just In The Nick Of Time
Ah, bankers must make house loans for good returns. Must be sad right now what with millennials willing to buy cars but not houses.
Another Nail In The Nuclear Coffin
I am relieved about this, because that is one of the most beautiful stretches of beach in the world. Tourism is crucial for California.
Bank Of Japan Adopts Negative Interest Rates: Surprise, Surprise We Lied Again; Meaning Of "Now"
Now they have deflation and no purchasing power. Double dipping in disaster.
Flash Boys Vs. Dark Pool: The Financial Showdown That Affects Everyone
Wow, we need more Citadels. Not! Nice article.
Bank Of Japan Surprises Analysts
The bank of Japan has given up. The banks will just hold treasuries which went up in price after this move. If those are used as collateral, business may pick up, but cashlessness could be the awful end result.
Forget About "Stocks For The Long Run"
This is a sobering look at reality, in a funny way.
Moronic Mimicking Minds
Chasing the big hit. Funny pics.
BOJ Adopts Negative Interest Rate; Yen Tumbles
BOJ gives up. Sad that it cannot find another way.