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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Trump Blinked, The Fed Blinked And The Powell Put
Norman, your point means we are reliant even more on Asia to help pull us out of the next Great Recession, but we want to destroy the life raft, or Trump does anyway. What a big dummy.
Hooray! Trump And Xi Agree To Do Nothing
Debt doesn't fix the problem but neither does an absence of credit.
Debt, Death, And The US Empire
My concern is that desperate nations in big debt can make more war. But Trump blinked on tariffs, and in the next 90 days maybe he will realize he can do serious damage to the US economy that needs the growth engine, China! Yes, the domestic economy can bump along but he can't save his beloved stock market by clipping our multinationals.
US Gets China To Agree To What It Was Going To Do Anyway
Asia is the world's growth engine. Question is whether Trump will shoot himself in the foot in 90 days or if he will come to his senses.
Monetary Tightening Is More Than Just Higher Interest Rates
Market monetarists say NGDP is not falling, yet. Wondering your take, Prof.
"It's A Truce": Trump, Xi Agree No New Tariffs After January 1, Keep Tariffs At 10% For 90 Days
Nothing was achieved. Without subjecting China to technology transfer rules which it will never accept, China won. In 90 days we will see where this really is going. The USA is trying to make Asia accept American rules which are not legal the world over.
Trade Talk Optimism: "Something Could Very Well Come Out" - But It Won't
Trump is only interested in IP. But it is perfectly legal for China to request IP info in exchange for partnerships in Chinese markets. So Trump is still losing but his stubborn childishness means we all lose.
Police Raid Deutsche Bank On Money Laundering Charges
Wow, troubles in the Eurozone. They make money the old fashioned way. This bank is not ready for a downturn.
Want To See What A Perfect Retracement Looks Like?
The Fed also could be worried that worker participation in GDP profit is way too low.
Powell’s “Just Below” Neutral Comment Blasts The Buck, Energizes Equities
Isn't it great when no one know where neutral is? They can make anything up. Powell blinked. Now, wages should be allowed to go higher. But Powell blinked as the president attacked him.