Gary Anderson - Comments
Muckraker of the Financial System
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
Latest Comments
It Was All Yellow - Financial Review
10 years ago

Lol, we knew it was Goldman Sachs! Laundering and Goldman Sachs, Abbott and Costello, Martin and Lewis, Penn and Teller.Well, my opinion only!!

But I digress. The Fed knows it should raise rates. It should, but it is afraid, very, very afraid. And with so many calling for no raise and eventual decline in rates, the Fed is bucking globalist thinkers, who are even more globalist in thinking than even the Fed seems to be. At least the Fed gives a little care for mainstreet. Not much, but a little.

In this article: GS, AAPL, C
Correction Yes; Bear Probably Not Soon, But Possible — Key Indicators Discussed
10 years ago

And red and black on the roulette board is 50/50 until you try to play! But clearly in the stock market, you have many more ways to protect yourself as the article author points out.

In this article: SPX, NYA
Wal-Mart Cuts Worker Hours After Hiking Minimum Wages
10 years ago

I think Walmart could have found a better way than to destroy the already miserable customer service they have now. You can't find anyone in the store to help you. I can't imagine that they would make that situation worse. They have some room to compete because they returned a bigger percentage of earnings to shareholders relative to Target.

In this article: WMT
Peter Schiff Talks Crypto-Currencies & Financial Repression
10 years ago

Deposit insurance protects the little guy. Schiff is not a little guy.

In this video: BITCOMP
Fed Minutes Are Minutia Except For One Critically Important, Widely Ignored Detail
10 years ago

So, the Fed is signalling that the banks are weak, that bonds are now treasured, and they are afraid to raise rates fearing regular people will by the bonds. They don't want that!

Fischer Speaks At Jackson Hole: "Fed Should Not Wait Until 2% Inflation On Tightening"
10 years ago

Easing only fuels the housing market and frees up derivatives collateral, ie, treasury bonds. Easing screws main street because wages are not keeping pace in a global environment. So, easing sucks. On the other hand, the Fed knows that main street is taking it on the chin and talks of raising rates, but never seems to be able to pull the trigger.

In other words, that which is necessary to keep the financial world humming is wrecking havoc with main street.

Why QE4 Is Inevitable
10 years ago

Not sure where you get such an upward measurement of yield increases. There is already proof that banks have watered down collateral quality due to the shortage of treasury bonds. Surely, that means there is a massive demand, still, for treasury bonds.

Fed Fails - American Spending Growth Is Weakest Since March 2011
10 years ago

Larry Summers scary plan of negative interest rates looks evermore logical yet chilling, as time goes on.

Roubini Now Looking At December Rate Hike And Beyond, Makes Investment Recommendations
10 years ago

The first chart is disturbing. Most of the world will be adversely affected by rising US interest rates. And that will somehow help us in the long run? Hmmm. Not that rising rates would not be good insurance against the next crash, but the Fed seems weak.

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