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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Is Steve Bannon Doing China A Big Favor?
Update 3: It appears that Donald Trump is still firmly planted on the fence regarding economic nationalism. There is no guarantee the truce with China will hold.
A Look At Auto ETF & Stocks Post Weak First-Half Sales
30 percent decline by 2022 seems to be troublesome. Also, the big purchasing of autos while qualifying for house mortgages seems to be less than favorable.
Brazil: A Momentous Reform
This news about cutting social security sounds like an unfortunate event.
China To US: Drop Tariffs Or No Trade Deal
Being shut out from 1.4 billion upwardly mobile customers is how I define losing.
Charts That Matter - Friday, July 5
It seems like China is content to let the economy slow. That cannot help the US stock market and will lower the value of the Yuan without having to manipulate the currency. Trump is playing with fire.
China To US: Drop Tariffs Or No Trade Deal
I can't see tariff man removing the tariffs on China. We will lose the trade war, slowly being removed from China's massive supply chains.
Light Vehicle Sales Per Capita: Our Latest Look At The Long-Term Trend - Thursday, July 4
Sales don't look that great while news made it appear that sales were great.
Judy Shelton Confuses Me: On Interest Rates, Currency Manipulation
She is trouble. Trump wanted an anti free trade at the Fed to give legitimacy to Tariff Man when he has no legitimacy. Really, China and Europe should just ignore this administration. Sooner the better for the rest of the world.
Nike's Latest PR Stunt Goes Viral
Could be pr, but also much more. Evidently multiple historical US symbols have been misappropriated by neo Nazis. That is disgusting. Nike likely didn't want to foster that misappropriation through the misuse of its products. Certainly Trump, close friend of Putin, thoroughly missed the point as he often does.
El Niño: Fluctuating Or Fading Away?
Fascinating. We get breezes continually in Las Vegas and relatively mild temps. It was a cool winter and the breezes have continued into the summer.