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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Banana Republic
Way too pessimistic.
Chinese Tech ADRs Surge: WSJ Reports Americans Will Be Allowed To Invest In Alibaba, Tencent And Baidu After All
Sounds like US investors are calling the shots, not China. We need to break out our pragmatic menu when it comes to the fastest growing nation in the world.
Opening Up The Economy, Case By Case
I guess we know from recent events that Donald Trump attempted to hurt his own vice president through violence. POTUS is our worst nightmare. It is about him, not necessarily about policy.
Opening Up The Economy, Case By Case
I am shocked that you don't see Trump cult for what it is, Trump brainwashing. It diminishes your authority as an author to be so incredibly naive. Trump had incredible sway over millions of followers. I am very disappointed that you cannot see it! As far as other nations, Italy is a very social country. Israel too. I have not specifically followed France, but it likely has some major weakness that allowed fast progression of the disease.
COVID Vaccines And The Stock Market
Interesting point of view. Doctors have to treat everyone, taking an oath to do so. So withholding treatment would not be permitted. Also, there are legitimate concerns regarding long term effects of the vaccines. But it is a valuable tool that is sitting in warehouses because we have a dolt for president.
Opening Up The Economy, Case By Case
Not much social distancing in those nation with their extended families. Trump tried to get more people infected.
Opening Up The Economy, Case By Case
China didn't have Trump, Joseph.
Asset Price Crash Dead Ahead?
Too many have been brainwashed by austerity peddler Mitch McConnell. Jmo.
Why Money Matters
Great article. Asset rise due to MMT money supply rise won't help mainstream labor much. Asset rise seems to have little to do with wage appreciation.
Global Inflation Watch
There is a cult of inflation warriors. I think their legitimacy is uncertain.