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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Wall Street's Rationales For Investing
China is like a bad rerun of US policy in some ways.
Why The Real Estate Boom Has A Decade To Run
I still believe Millennials are turned off by mortgages and the treatment their parents received from the banks. They are frugal. Bankers write articles in major media every day which tips us to their worries about the millennials, John.
World's First Robot-Run Lettuce Farm To Produce 30,000 Heads Daily; Tipping Point For Workerless Agriculture
Yeah, the Japanese are a closed society. They probably couldn't find Japanese to til the farms so they were motivated to establish indoor farms without foreign labor. But Japan also has water, and massive desalination, and we don't.
The Populist Revolution: Bernie And Beyond
Hopefully, we can create a system apart from the TBTF banks, and let them be for big business and other banks for the needs of the real economy that creates the jobs. But would the Fed give up that control?
The Daily Shot And Data - January 26, 2016
On trillion in outflows. So, you are saying RE in China is at risk?
The Implications Of Federal Reserve Accounting In 'Missing Money'
Massive demand for long bonds continues. In the comment section, that article is seen as a pump and dump by at least one commenter at Yahoo.
Applying John Rawls’ Theory Of Justice To IPO Valuation
Just observing the IPO market, one could see that the IPOs often tend to be overpriced, with the investment banks taking some advantage of investors who want a long term home run. Overpriced IPOs that hit singles can prove to be risky investments.
The Daily Shot And Data - January 25, 2016
Certainly everyone has margin bets on stocks and oil. If they all go south at the same time or if oil goes south in greater decline than they are comfortable with, I can see them selling stocks to cover. Risk off all the way around.
Why Dip Buyers Will Get Clobbered: The US Economy Isn’t Doing "Just Fine"
If you are going to blow a bubble, it makes more economic sense for the economy moving forward to blow it in autos, not in houses.
BOJ And TPP
It is good that Japan is not giving up like Europe is, wanting to do away with cash in the Scandinavian nations.