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, China And Phase 2 Negotiations
Well, Barry, now with the virus spreading, China will be able to put phase 1 on hold. That will most likely put off phase two until after the election, when the real trade war starts, although I hope I am wrong.
Trump's Steel Tariffs Start Cascade Of Downstream Pain
This Trump behavior is revealing the real Donald Trump. Reelect him or elect Sanders and US isolation will increase.
Stocks Rebound On February 3, But A Downtrend Is Now In Place
Cure or no cure for coronavirus may be a big part of the answer to stock weakness.
Skinny Deal: Whose World View Is Currently Winning?
Update 8: Phase One will be weakened by the Coronavirus. Previous doubts about China's ability to satisfy US quotas for agriculture have intensified.
China Bans Selling, Plans Massive Liquidity Injection To Prevent Market Crash
If it does people would want to be careful with US stocks, since our markets are tied to China. Hopefully they will get a handle on the disease.
Coronavirus: China’s Perfect Storm?
This is worth the read. Will the disease morph into a severe killer, percentagewise?
China Bans Selling, Plans Massive Liquidity Injection To Prevent Market Crash
The Fed has taken down the stock market severely in the Great Depression and Great Recession when expanding the money supply would have helped both instances. I am sure that the victims of both would have pined for a Hotel California.
Taleb: What Size Tail Does The Smart Money Bet On?
The Fed is fooled by randomness on purpose when it suits their end. The Fed was fixed on inflation back at the beginning of the Great Recession when it knew Libor was exploding, and would soon take down the banks. Yes, conspiracy.
Weighing The Week Ahead: Coronavirus – Cause For Analysis Or Paralysis?
Go Niners! Article is packed with information.
Why Deregulation Breaks Things
Deregulation hurt the middle class. Nothing healthy about it. Yes, Clinton was president but the repeal of Glass Seagall was bipartisan. And it was pushed by Republicans.