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
Will Weak Housing And Manufacturing Sectors Lead To Recession?
Add a slowing in trucking and build up in inventories and tech becomes the only industry holding back recession.
A Recession Is Coming Or Is This Just Hyperbole And Fear Mongering?
You have a point Seth. Since women buy 85 percent of household goods any tech included in that list would be often purchased by women. But they are responsible for apparel sales tanking as well.
Walmart Will Crush Amazon
A new Walmart near me had nice chairs for customers to wait for their ecommerce orders. They took the chairs out because no one showed up! Groceries online will not go over big because of produce. Women like to pick out their fruits and vegetables. It won't change.
Housing: Homes And Population Growth
Kevin, this is a great article. Thanks. Lots of multigenerational living too.
A Recession Is Coming Or Is This Just Hyperbole And Fear Mongering?
I can see that with regards to men, Seth. But I am not sure it explains female shopping decline.
The Everything Bubble Has Burst; Can The Fed Patch It?
The Fed wants two things, high asset prices and low wages. Low wages are threatened by isolationism. But so far, Trump is afraid to totally isolate the USA. He should be afraid.
A Recession Is Coming Or Is This Just Hyperbole And Fear Mongering?
If there is so much disposable income floating around, why are there massive inventory builds in apparel?
Fed's Asymmetric Bubble-Blowing Policy In Pictures
Great article. The Fed errs on the side of recession, not wage inflation: talkmarkets.com/.../kashkari-reveals-dark-secret-fed-plan-for-wages
U.S. Economy Is Stable: The Great Moderation Returns
It all depends on the collateral, Bill.
US Leads World In Natural Gas Production And CO2 Reduction
Moon, what is going in China is more important than in the USA. China does wind and solar, but they are intermittent. So China is busting out the coal. Check out my latest article on that.