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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The Truth About Negative Interest Rates & What To Expect
Nice take on bonds. Banks don't want nominal negative bonds and neither do individuals.
US Government Escalates Trade Hostility
Update: Trump has just gone on record zaying he opposes his own government's attempt to ban GE engines from China. He has opened a Pandora's box for political gain with a tariff war and now government is running way ahead of him in its hostity toward China!
COVID-19 = Hyperinflation
Initially deflation then possible inflation due to scarcity. Chilling analysis. One thing I read is chilling as well. COVID-19 is 20 times easier to catch than is SARS! It is a contagion on steroids!
US Government Escalates Trade Hostility
Xylinx and VMWare are just two tech companies laying off workers because of the Huaweii ban. That ban is escalating as I point out in the article.
Risk/Reward Proposition Increasingly In Question As Coronavirus Lingers
This is a very professional article. It is balanced. Professional investors will find it useful. We hope Seth is right. Someone near retirement may lean toward cashing out some profits. The only analysis that I question is the low percentage S&P exposure to China. I thought it was much higher. It also may be true that Chinese workers have savings, which would allow them to stay out of the workforce longer than anticipated before returning to the factories.
Stimulus Hopes Temper Virus Fears For Nasdaq 100 After Apple’s Revenue Warning
And Moon, unlike US workers, the Chinese have savings. They can wait it out.
US Government Escalates Trade Hostility
Ask Apple and the other 900 US companies doing business in China. Ask GE about Trump's trade war. We are only booming in the service sector. Biz investment and capacity utilization are cratering.
US Government Escalates Trade Hostility
The US government refuses to show proof of security dangers.
US Government Escalates Trade Hostility
You are correct Flat. But Trump also said a trade war with China would be easy to win. He was obviously wrong, and it shows his ignorance about damage tariff wars can inflict.
Negative Rates, Climate Science And A Fed Warning
Update 2: This science call for reduced population has been called eugenics by a scientist. And he said it could work. Science is going off the rails. I believed it was eugenics but I gave the scientists the benefit of the doubt in the article. Now there is talk of eugenics in the science community. Chilling!