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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Latest Comments
US Firms In China Suffering "Severe Shortages Of Workers," Warn Virus Impact Hitting Supply Chains
The ugly end of globalization needs to be reversed asap. Otherwise inefficient use of resources will raise the cost of living.
US Government Escalates Trade Hostility
Apparently the entire world spans the USA is an expert on China, generally trusting the reliability of the nation in business. Israel is allowing China to operate a port and has found US concerns to be amuzing.
US Government Escalates Trade Hostility
So, Flat, here is the link. View the chart. China was turning on to American products and tourism to the USA. But then Trump ruined the trust because he is ignorant of China's dismay regarding opening up China by the West. talkmarkets.com/.../tariff-man-trump-fooled-wall-street-from-the-start
US Government Escalates Trade Hostility
The Fred chart in a previous article showed an increase in US exports to China until Trump launched his trade war.
Sino-US Trade Flows Reveal The Next Market Crash Could Be Nearing
Yes, corporations were over reliant on efficiency! Inefficiency will hurt the world economy. We can only hope that the US is the only isolationist nation, and that Europe continues to grow trade with China. Otherwise Europe is in big trouble.
Planting A Cooler Climate
Green scientists have called for negative GDP growth. Planting trees is preferable to that violation of economic realities.
The Return Of Resource Nationalism
If you read the most recent Mises article at Talkmarkets, you will see that a trade imbalance does not need to be corrected. I am not a Libertarian, but they are right about trade.
The Return Of Resource Nationalism
Very interesting. But China reacted to American tariffs. We used to be for free trade, remember?
Entering The Era Of Negative Real Rates Of Interest
Watching growth will be like watching paint dry, prof. Nice charts.
Skinny Deal: Whose World View Is Currently Winning?
Update 9: Big oil told Trump that they could not produce enough to satisfy what Trump required from China in phase 1. Trump is a fraud.