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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Stock Buybacks In Jeopardy: Investment Grade Bond Funds See Biggest Outflow In 17 Weeks
10 year treasury bond yield is down today. Just FYI.
30Y Treasury Yield Surges Back Above 3.00% Pre-Fed Hike Levels
They are trying to scare people into selling their bonds, IMO. This happens a lot, but nothing big ever happens, no breakthrough past a certain range. You know this Zero Hedge, don't ya?
Desperate Risks To Chase Yield
I have always believed we assisted ISIS. It is the third part of the Yinon three part Iraq. It is the Sunni part of that three part Iraq that will war til the end of time. That was Yinon's evil plan, to break up the middle east with a sledge hammer.
Where Did You Put Your Cash After The Fed’s Rate Hike?
Hi Carl, good question. I don't believe it because the estimate for bonds as collateral in the derivatives market in 2013 was between 800 billion dollars and 4 trillion dollars of bonds needed. m.treasuryandrisk.com/.../demand-for-swaps-collateral-could-bolster-bonds
Former CIA Deputy Director Gives A Stunning Reason Why Obama Has Not Attacked ISIS' Oil Infrastructure
No, I know the empire will end like the first Roman Empire ended. I am not paranoid at all. But you are naive to think that the UK and the US and Saudi Arabia and Israel don't consult each other on things affecting the middle east do you? Naive, much, Doug?
Former CIA Deputy Director Gives A Stunning Reason Why Obama Has Not Attacked ISIS' Oil Infrastructure
It is one empire, UK, US, Israel, Saudi Arabia. And I am quite sure the CIA helped ISIS.
Scott Sumner And Friends Want Unbridled Growth-Chicago School Update
Nice, James. You saw my article on Dr Werner as well I hope.
Where Did You Put Your Cash After The Fed’s Rate Hike?
I don't think it is going to work the same as in the past for bonds, James. JMO. But there is a shortage of treasury bonds, long bonds especially. And those are being held on to They are used as collateral in the derivatives markets and I know CATO and others say that it is a small part of the total bond market, but I don't really believe that. I am looking into that more and more. We will see going forward.
Former CIA Deputy Director Gives A Stunning Reason Why Obama Has Not Attacked ISIS' Oil Infrastructure
If the Secretary of State says they could why not? He said there has to be regime change first, which proves my conviction that the war on terror is a cover for regime change. news.antiwar.com/.../kerry-we-can-defeat-isis-in-months-if-assad-goes/
Former CIA Deputy Director Gives A Stunning Reason Why Obama Has Not Attacked ISIS' Oil Infrastructure
I am a peacenik, but John Kerry said we could destroy ISIS in 3 months. Here is the deal, we don't want to!! The government, that is.