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 10s Back To A 1-Handle Again; New Information That Isn’t New
Good point. Long bonds can be distorted by collateral demands! But short yield are experiencing massive unusual demand as well.
Trade Truce, Check! S&P 3,000... We'll See, And Why?
I think there is little info. It appears that tariffs are kept on certain products and industries. We know Democrats seem to be for tariffs. Some were angry that Trump gave Huawei a pass! This article goes into the problems that occur with tariffs:
taxfoundation.org/impact-of-tariffs-free-trade/
Trade Truce, Check! S&P 3,000... We'll See, And Why?
I sincerely hope you are right. Historically, tariffs seem to stick. Even if he loses the election it is likely that a tariff warrior will come from the Democrats.
Trade Truce, Check! S&P 3,000... We'll See, And Why?
So Seth, Tariff Man cannot help himself. He is back destroying goodwill as he threatens Europe. The Chinese and Europe should abandon the USA isolationism and grow closer. China will never trust the US again. Trump is destroying the US economy. It will show up if he does not back off.
Tariff Man Trump Fooled Wall Street From The Start
Update 8: Tariff Man keeps fooling Wall Street. While Trump backed off Huawai, he now is going after Europe. The Chineses have to be rolling on the ground in stitches while they are welcoming Europe with open arms. Why Trump would fight for Boeing while that company employed temps to formulate the Max software that kills people makes absolutely no sense. Tariff Man is addicted and the Democrats have also rejected free trade. We are a bunch of losers for sure.
One Toke Over The Line
We drive around while China makes stuff. As far as Israel attacking Iran, wouldn't that give Iran a reason to destroy Saudi oilfields? That would pretty much destroy the US economy.
BIS Warns Of Diminishing Returns Of Monetary Policy, Zombies, Junk, Complacency
Our stock market is heavily invested in China. Whatever weakness China has, it is likely not more vulnerable than is America to downturns in that nation.
BIS Warns Of Diminishing Returns Of Monetary Policy, Zombies, Junk, Complacency
I followed you until we hear that China relies too much on state enterprises and loans. Since China makes 5 times as much stuff as the US, it is easy to see that the US relies way too much on the stock market. If China slips, it will affect US prosperity directly.
Tariff Man Trump Fooled Wall Street From The Start
Update 7: Trump is buying time, wanting to give the appearance of a truce with China. However, that truce is political, as he hopes for reelection. Once Trump is reelected, will he revert back to Tariff Man? There will be no check on him doing just that. Bannon says Trump will never back down on this tariff war. Is he, after the G20 truce, still right? Will the stock market and world prosperity be in danger after the election? Is prosperity already damaged no matter what he does going forwatd?
A Trump-Xi Trade Deal Would Do Little To Fix The Real Problems US Companies Face In China
The US does not play by international rules when it comes to Meng:
talkmarkets.com/.../mengs-arrest-vs-the-rule-of-law