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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MacroView: More Stimulus And The 2nd Derivative Effect
The new normal of slow growth has been attributed to lack of dollars jn the Eurodollar market. Asset inflation without prosperity for 50 percent of Americans means the Fed itself should bypass the fiscal authorities and dispense helicopter money directly to citizens.
This Global Wave Could Last Years?
Global wave. Seems like Jeffry P Snider would make a less optimistic case.
US Coronavirus Outlook
So now Trump says the virus is overblown while hospitals are filling up due to wintry conditions. He says we have high case counts because we test more. But that is not true. We are getting more positive tests, with Wisconsin at 16 percent!
Energy Report: Oh, No, Zeta
You meant Mitch McConnell is playing with people's lives. Must have been an editorial error.
If We Want To Increase Demand In The Market, We Must First Increase Production
No, not yet, but investment is down in the real economy.
If We Want To Increase Demand In The Market, We Must First Increase Production
This doesn't work so well in a depression. No money for production!
2021 – As China’s Golden OX Rises The US Bald Eagle Will Crash
Layoffs are already coming as Republicans fail to step up to the plate. Trump is a white supremacist so of course he wouldn't like Meghan Markle. Lack of stimulus will likely crash stocks and hinder growth at a critical time. But Trump cultists cannot see that. McConnell did the same thing to Obama. Not enough stimulus in the Great Recession.
Gold, The Great Reset: World Leaders Are Getting Ready To Reset The World Economy
Collateral backs the issuance of money or is supposed to. Houses, bonds, etc. Not strictly fiat money which is tied to neither.
Reaching The End Of Early Stimulus – What’s Ahead?
I doubt it. People will just buy cars out of state.
Reaching The End Of Early Stimulus – What’s Ahead?
The demand for fossil fuels is increasing, while prices decrease. Americans will not go for electric cars. They are not wired that way.