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
less
Latest Comments
Has Monetary Policy Come To The End Of The Road?
Prof explained it well. However, Eric Lonergan's plan does not required it all be spent.
Is Steve Bannon Doing China A Big Favor?
Glad to update articles.
Labor Data Dependent
Rate cuts would be ok except that they will embolden a deepening of the trade war.
Did The BLS Just Find The Landmine? One-Fifth Of Previously Estimated Payroll Gains May Not Have Existed
Thanks Susan. Getting better. Dialysis is my future for awhile or for longer. But, hopefully I will adjust. Thanks for asking.
The Cost Of Trump’s Trade War (And A Better Alternative)
Eventually, China's economy will be so large that many Anmmerican companies will move headquarters to China or somewhere out of the United States.
Simple Payrolls Right Now, Before Getting To The More Complex Issues
If this article reaches POTUS he will not do the right thing, ease up on the trade war. He will just blame the Fed for his crazy economics.
US Jobs: Workers Finally Feeling It…
The Fed may as well dump Trump, because China will not make a deal that Trump would tear up if he is reelected. The Stock Market needs to suck it up and back the Fed no matter what.
Market Talk – Thursday, September 5
Wall Street still believes the guy who can't make deals. But they will be the first to sell when necessary. A market with no trust will exact revenge.
Free Trade? Fair Trade?
Ian Fletcher is all wrong. Total world GDP is declining, Ellen. Chinese people trusted the USA. Now they don't. We gave away the farm in free trade, but we were starting to cash in due to the prosperity of the Chinese! We were selling more and more stuff to the Chinese before Trump became tariff man! Did you know that China bailed US out of the Great Recession? China does not have to obey our laws. China does boost capitalism better than we do. You see that Ellen. Since the American people have turned away from China, we will not cash in on Chinese prosperity. We are thick as bricks. We have 900 businesses in China. China should tell them to relocated headquarters to China or get the hell out. It will be a bad thing if we divorce from China. We are in debt. Chinese people have savings. This guy is a brick. This was a very disappointing interview.
Everyone Funds Their Spending
Nice argument against #MMT.