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
Opening Up The Economy, Case By Case
I have a friend in another city who is suffering with Covid. She went to restaurants and ate in them! Bad idea. The idea of a scarlet letter wristband is creepy. Masks should be mandatory but hard to wear in the hot summers. We can only hope for better treatments and vaccines. Until then, those who take restaurant food home may be safer. But even then, I like the ones where you can watch the cooks for mask compliance.
Getting The Bird Back Into Its (Old) Cage
We should be concerned that Chinese growth is slowing. We need China, perhaps more than they need us.
The Reintroduction Of Globanomics
I believe nations should be sovereign. Not the ugly nationalism of Trump. A more cooperative form of national sovereignty. But a single currency would take away that necessary economic freedom for the nations.
The U.S. Presidential Election, The Economy, And Gold: How To Prepare For The Coming Market Crash
I am surprised by Trump followers restraint. He wanted them in the streets. They abandoned him by staying home,, other than with a few whining protests.
Investors Are As Clueless As Pollsters
I agree with you, Andrew.
The Reintroduction Of Globanomics
While I support globalization and global cooperation, Globanomics goes too far. One world currency is an attack on legitimate national sovereignty.
The U.S. Presidential Election, The Economy, And Gold: How To Prepare For The Coming Market Crash
Sobering possibility for older investors.
Investors Are As Clueless As Pollsters
Trump wants to stop legitimate vote counting. That anti-democracy hairbrained idea is opposed even by Trump's senate cronies. He is trouble. And for that alone, he needs to go. The Dems must realize by now that they should have captured the center as Trump moved far right. Their failure to do so nipped their blue wave hopes.
Surprising Labor Results
It is weak. No doubt. But Biden can do things to spur growth, like easing up on the tariff wars.
Surprising Labor Results
Those unemployment numbers are not good. What world does Upfina inhabit?