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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Commodities Signal Deflationary Worries Are Growing But Recession May Not Be Near
Low inflation implies slowing demand. Trump recession?
Recessions Are Not Forecastable
Great article. I think the linkage is weakening because of the massive demand for longer bonds as collateral. However, the feared collateral margin calls that spur buying could be tied to fear of recessions. So there still is a connection.
Trump Economic Plan Revealed: What Should The Fed Do?
Update 3: Having been abandoned by the Fed and the yield curve, stocks are acting today like they have had enough of POTUS45.
Stocks And Precious Metals Charts - Boss, Da Tweet, Da Tweet - Stock Option Expiration This Friday
A lot of big money and Goldman Sachs hardly know what is going on. I wonder if this man-child, as you call him, is wearing out his welcome on Wall Street?
Trump Economic Plan Revealed: What Should The Fed Do?
Update 2: #Trump says he doesn't want to be the grinch this Christmas. Maybe he wants to wait til next Christmas? And retail is suffering anyway. There is no proof that the consumer will enjoy a strong Christmas shopping season anyway.
Is Steve Bannon Doing China A Big Favor?
Update 4: Just wondering if Bannon is feeling betrayed today. It is hard to rationalize that Trump clearly blinked today. Will he keep blinking on this silly trade war?
Trump Economic Plan Revealed: What Should The Fed Do?
Update: Today, Donald Trump blinked, backing off on some tariffs on China, while delaying the September 1 tariffs. This reveals he was losing the trade war. He should just admit it. But he could delay, get reelected, and put them all on again. What can the Fed do? I think the Fed should economically strangle this trade war once and for all.
China Repo: Vulnerability Or Bottleneck, Risk Aversion And Collateral
Fascinating. If counterparties fail in China aren't they just bolstered with foreign low interest bonds.
3 Charts Confirming The Global Economy Is Already In Recession
If Goldman runs the rest of their operation like their understanding of Trump they have to be clueless.
Trump’s Trade War Is A High-Stakes Gamble
I was meaning figuratively but war is always a possibility.