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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Very interesting article.
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Bubbles now are not inclusive of labor. Perhaps getting money into the hands of those folks would increase prosperity for all.
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The author could be right, but we could retract.
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Or we could not help poor people and as Ezekiel said, that lead to Sodom being destroyed by fire. Don't forget, poor people aren't even allowed to sleep out on the sidewalks anymore.
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I agree with her. Our desperate government wants to locate missiles in Japan. That can only mean one thing: trouble.
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This article is critical of Chinese central planning. Yet the United States decentralized method cannot even keep potholes under control.
Empowering America
Useless wars are the result of tariff wars Joseph. Rules based tariff wars are the worst because countries get locked into collecting the tax.
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Sounds deflationary. Hawkish if the Fed is brave.
Goverment-Subsidized Technology Won't Save China's Economy
Meanwhile American roads and streets look like third world trash.
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It could be the end. It is up to McConnell.