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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The Fed’s Answer To The Ghastly Monster Of Its Creation
The only real help is helicopter money, not universal basic income, which could be inflationary.
The Fed’s Answer To The Ghastly Monster Of Its Creation
China has grown faster, contributing to stock appreciation. But nothing can justify these prices.
US Consumers Abandon Brick And Mortar, Spend Money Online As Black Friday Begins
Correction: Lines were long at certain stores, but others were weak. Also sales have been going on awhile. I read that 50 percent of shoppers are already done before today!
US Consumers Abandon Brick And Mortar, Spend Money Online As Black Friday Begins
The lines look pretty long to me. If anything, the weather and shortened season will impact because many consumers are tapped out.
Negative Rates, Climate Science And A Fed Warning
Update: Environmental groups are protesting black Friday because they believe that consumerism is destroying our planet. Economists must make these people aware of the economic dangers of the reduction of GDP that climate scientists are promoting. This is a warning to the business community to wake up!
Skinny Deal: Whose World View Is Currently Winning?
Update 5: Trump signed Hong Kong sanctions bills. It is possible that will derail even a skinny deal.
Nothing Good From A Chinese Industrial Recession
Bad mortgage collateral caused 2008. Didn't have to be subprime. Also, Trump threatened China in 2016. China didn't naively ride a boom getting ready for problems.
China’s Financial Stability: A Squeeze And A Strangle
Who's to say what China's motives are? Maybe it wants to crash the US stock market. China bailed out the US from the Great Recession. I remember China buying massive amounts of US goods and commodities. It may choose to do nothing this time.
Can The Fed Fight Income Inequality?
I think your concept, Mish, would result in bad results. Wouldn't helicopter money be a much simpler and effective solution?
Huge Underperformance Of Consumer Discretionary
Can CNBC's apparent relentless promotion of the strong consumer be mistaken? Perhaps the stocks know.