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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Investors Scared Silly While Stocks Enjoy Sugar High
This is a market for professionals at this point.
A Generous Fed Isn’t Really The Good News It Sounds Like
The Fed promises a pause. The bond market says they are lying. That seems to be why bond prices are rising.
A Generous Fed Isn’t Really The Good News It Sounds Like
China has PPP. It can more easily substitute its local products than we can. The trade war could get very ugly. The US could kick Chinese companies out of the stock market. China could send 900 US companies, including Tesla and Apple and Starbucks packing.
How Trump Tariff Wars Worsen US Trade Deficit
Trump is a destroyer. He is the original hater. He lives for revenge. He is taking down the world with him.
Skinny Deal: Whose World View Is Currently Winning?
Update 2: China believes Trump is indeed made up of Bannonite in his DNA and the USA is abandoning pragmatism. No deal will be ever be permanent according to the Chinese.
Tariff Man Trump Fooled Wall Street From The Start
Update 12: China believes that even if the skinny deal is signed there will not likely be a permanent and lasting trade deal with the USA. Our isolationism will crush us one day. We are an unreliable trading partner. Our supply chain contributions could be ruined permanently. Stupid Wall Street for ever believing Trump.
The Inventory Context For Rate Cuts And Their Real Nature/Purpose
Kalecki would have liked this article.
The Economy Is Racing Ahead At 2%
The GDP growth is weak compared to what Donald Trump promised. I noticed you used age 55 to 64 to calculate employment. That appears to be higher than for the general population.
Not All Corporate Earnings Are Measured In The Same Way
Lying, cheating Wall Street companies. Why would anyone who needs the money risk this market? Bombshell stat, Prof.
Stocks, Yuan Tumble On US-China Trade Headlines
In the meantime, 1/2 the world's population, led by China, is close to free trade.