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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It Was All Yellow - Financial Review
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.
Correction Yes; Bear Probably Not Soon, But Possible — Key Indicators Discussed
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.
Wal-Mart Cuts Worker Hours After Hiking Minimum Wages
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.
Peter Schiff Talks Crypto-Currencies & Financial Repression
Deposit insurance protects the little guy. Schiff is not a little guy.
Fed Minutes Are Minutia Except For One Critically Important, Widely Ignored Detail
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"
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
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
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
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.
The Only Thing That Was Preventing A Rate Hike, Just Flashed A Rate Hike "Green Light"
Wait a few days, to verify this. :)