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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NYC Is Dead Forever… Here’s Why
I think James was talking about filling the commercial real estate, a challenge going forward.
NYC Is Dead Forever… Here’s Why
Kurt, without babysitting, there may be little reason for workers to return to offices. They have to watch their kids.
NYC Is Dead Forever… Here’s Why
Density is a problem. Once, density was thought of as a social good. The pandemic killed off that theory. However, James, half a million people fled NYC, many taking the Coronavirus and spreading it around. You left town to they say. That was not good for the rest of America.
An Unexpected Systemic Crisis Is For Sure
Certainly the Eurozone remains weak. And the Eurozone will be subject to Trump's bullying because they did nothing to fix their banks in the Great Recession.
Trade Wars Are Killing Pandemic Cooperation
You ha e wise words, William K. From my point of view the real reason we do not cooperate with China is we are afraid to compete. But that cheapens our products. The cult of Apple is protected because Huawei and Samsung phones are as good or better for less money. Our government wants to hide that truth from the cultists so they will buy American. If China had not done good things for us in the past I could see our skepticism. But they have. And the Chinese consumer wanted to buy from the USA. That is at least tarnished.
Trade Wars Are Killing Pandemic Cooperation
China is a leader in disposable surgical masks, which can be labeled as procedural masks as well. Other nations are stepping up but the reason I know there are shortages is that in the clinic where I go, masks are rationed even now. That leaves America vulnerable.
To Wear Or Not To Wear: That’s The Question With These Stupid Covid Masks
Yes, the article is quite interesting but the mask argument not so much!
The Perils Of The Covid-19 Trade War
Trade does not look good right now. The American people have been brainwashed to hate China. Jeffrey Sachs said recently that this is a dreadful mistake. I may be able to put something together down the road. Thanks for asking.
When It Comes To Economic Suffering, Some Parts Of The U.S. Are Feeling It Far More Than Others
Trump is insane. He wants to attack Social Security as well.
Asset Price Crash Dead Ahead?
Deflation can impact gold too. And deflation is difficult for homeowners and those with installment contracts. Wages could decline, as happened in the Great Depression. It probably won't happen but it could. And the contracts remain unchanged, and difficult to repay.