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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Risk Finally Takes A Hit
Hopium. Very appropriate word when facing a pandemic. We can only hope for a warm spring.
Our "Come To Mao" Reckoning And The Next Cultural Revolution
Frightening but possible.
Trump, China And Phase 2 Negotiations
I hope the virus would make Trump put his trade war on hold for longer. The world economy needs China's contribution. I could see the world economy crashing because of this virus, but I hope it doesn't. Trump never should have initiated his trade war at all. It weakened China somewhat, making this virus even more dangerous to the world economy. Scientists warn of ominous effects while politicians and bankers play the crisis down. For once I hope the bankers are right.
The Dead Hand Of Jacques Delors
So this article is about destroying the UK's national health insurance? That is exactly what is under attack by Johnson. But at least he wants free trade, which will expand trade and prosperity. Maybe health insurance there will survive.
No Matter Who Wins, We All Lose
Most people had no idea what he would do because most did not take his campaign seriously. I wonder if allowing wretched land mines is a campaign promise?
No Matter Who Wins, We All Lose
Trump is part of the problem. I think it wrong to defend his tax cuts for the wealthy and then worry about social security. That is disingenuous talk.
Axel Merk: Fed To Stimulate In Any Crisis; Don’t Let Short-Term Events Bother You
The Fed did not stimulate in the Great Depression and Great Recession. Can it be trusted?
The Coming Global Economic Upturn
Watch the charts! Good advice.
Bring The Kryptonite To Washington
Tight money gold will hit mainstreet. It doesn't seem like a solution.
The Short Guide To Dividend Investing With Coronavirus Spreading
Wow, we only make REITS and Utilities. How arrogant is Trump to think we could survive very well without China!