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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Labor Data Dependent
One way is that, as rates dive towards zero, the USA will pay less and less interest on treasury bonds to China and Japan and Russia. That is a form of default. While it is true that the bonds go up in value as yields go down, these nations would have to sell the bonds to realize a profit. That is not what they really want to do. Second, Trump may be emboldened to deepen the trade war with higher tariffs. Third, lowering rates could weaken the dollar, which is a hostile trade war tactic in itself!
Tariff Man Trump Fooled Wall Street From The Start
I have been sick. So I appreciate your comments, but things change so fast around Trump tariffs that I wanted to keep this article center stage if I could. It shows the graph where China was beginning to ramp up purchases of American goods until Trump policy changed the Chinese perspective. I am feeling better, but I have to be careful going forward. Thanks again, George and Bill!
Tariff Man Trump Fooled Wall Street From The Start
A negotiating tactic to leave Huawei out of the talks in October? I think that is a naive conclusion. I hope I am proven wrong, but I don't see any real proof that I am wrong. Trump is like the movie groundhog day, but with never success ate the end.
Tariff Man Trump Fooled Wall Street From The Start
Update 10. Trump has said Huawei is off the table for October trade discussions with China. But Andy Purdy who is chief security officer for Huawei has said there will be no trade deal without Huawei being included in the discussions. Trump has conned Wall Street once again!
Did The BLS Just Find The Landmine? One-Fifth Of Previously Estimated Payroll Gains May Not Have Existed
The Fed.
What Is Bill Dudley Thinking?
Sorry, 45 percent.
The ISM Conundrum
Trump is a self styled dictator. Anything is possible, David.
Has Monetary Policy Come To The End Of The Road?
He has a blog. Google it. Basically he would take 6 months, infuse the money over that time in sufficient amount to accomplish a central bank's targets.
Are Central Bankers Taking Sides In The 2020 Election?
Sure. But by GDP there isn't much of a contest. China is winning.
The ISM Conundrum
That is a possibility. This is why the Fed must stand firm.