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 Is Playing With Fire; Coronavirus Update
Update 1: WHO says Coronavirus js less contagious than flu, but Yale medical says it is more contagious. These are both current articles but WHO REFERENCES JANUARY INFO!
Trump Is Playing With Fire; Coronavirus Update
That was a disturbing report, Moon. Testing apparently will be made available now. Is it too late?
Trump Is Playing With Fire; Coronavirus Update
Tests returned negative for the Pope. The US is not being overwhelmed, but that is not a function of our medical system. We don't know how things will impact.
Trump Is Playing With Fire; Coronavirus Update
Lady, the kits being produced by America first may or may not have been Trump's fault. His flippant attitude about the virus is ridiculous. It has been reported that death rates are over 3 percent. We must consider this virus as a danger to all of us as well as to the markets. China is a mess. Our corporations are losing business. Trump still have tariffs on. The double whammy of Virus plus Tariffs are two shocks on top of each other.
History Buffs Take Heed: Democratic Candidates Set To Ruin American Economy
MMT is stupid. But Trump is practicing MMT right now, with tax cuts plus tariffs plus help for farmers. MMT green is a problem, but look at our poor response to the Coronavirus. We behave like a third world country. I wonder if Cubans have to pay thousands for a Coronavirus test. That was tongue in cheek. But we aren't testing and we could be facing a disaster because of Trump"s MMT.
Coronavirus And Trump's Clever Inadequacy
That is nutty. I personally don't know anyone who is blaming Trump. Some are blaming Trump for his slow response and for not filling many empty CDC positions and for saying that people are overreacting just to remove him from office. Truth is, we do not know how the virus will impact the USA. It may be mild or terrible. We just don't know.
Coronavirus And Trump's Clever Inadequacy
Update 7: First death recorded in the USA. In Germany, out of 50 to 70 cases, almost half occurred today.
The Significant Decline In US Corporate Tax Revenues Is A Symptom Of The Growing US Debt And Deficit Problem
While we hope the Coronavirus is mild in the USA there is no guarantee. If it is not mild, low tax revenue will become a disaster in itself.
Market Decline Driven By A Panic Narrative
Silent symptoms may or may not be a good thing. It could be good if the vast majority of people react that way. It is a bad thing if it means everyone will get it with many difficult cases.
The Bull Will Run Again, It Isn’t A Matter Of “If” But “When”
Stocks did not endure in the 1929 crash. Hopefully this pandemic does not result in that result, but we are as margined now as then, as I had noticed in a few articles. Columbo says corporate debt is at an all time high. If the virus is mild, the financial system will endure. If it is severe it could crumble.