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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Global ADRs Report New Developments
Netanyahu has paralleled Trump in many ways. One way is in threats and bullying. A second is in making it difficult for Arab citizens of Israel, just as Trump has increased hate crimes double since taking the presidency. A third way is in schmoozing up to the right wing racists. Netanyahu and Trump both consider those folks allies in a strange way, and Netanyahu once said they pose no threat. I think that is a huge mistake. So we have Stephen Miller as the poster child for all of this. He is a Jewish fellow from Santa Monica who has turned into a fascist. Most Jewish people in America can see through all of this, thank God.
Can US Continue To Outperform Global Equity Markets?
A very clear analysis of a very muddled future.
The Illusion Of Trade Optimism
Great article. Worth reading.
What’s Wrong With Retail?
Excellent. Beared up. Lol.
TIC For September: Not Repo But ‘Further Flaws’
Fascinating. I think the world sells some treasuries hoping rates stay positive. They don't want all major western nations to wallow in negative rates.
Argentina's Destructive Cycle Of Economic Populism
Another example of tariff damage being self inflicted by Argentina.
The US Economy Slowed To Its Trend Rate Of Growth This Year
Good charts prof. Certainly some indicators are moving in the wrong direction.
China, Like Japan In The 1990s, Will Be Dominated By Huge Zombie Banks
I am not convinced. China makes our real economy look tiny.
Gig Economy Under Attack As Uber Charged $649 Million
It would be better to shame those companies than take away 1099 status.
Gig Economy Under Attack As Uber Charged $649 Million
Finally something I agree with Mr Palmer about. 1099 jobs are important to the economy. They are welcomed by many workers who don't want the prison of W2 jobs.