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
Shocking New Report Exposes How Chinese Companies Are Dodging US Tariffs
Don't worry, Tyler, the Chinese students have been told to go to other colleges, not USA colleges.And there is no proof the USA is winning the trade war. It cannot, as China makes 5 times the product, and can substitute easily for foreign goods, especially US goods.
Rip: Bond Rout!
Good thing Bill Gross retired. Bond behavior would have driven him to an early grave.
Tesla Spontaneously Combusts While Plugged Into Supercharger
I wish someone would arrest Elon Musk for murder. That is my opinion only but what will it take?
Former Obama Officials Helping Iran To Outmaneuver The United States
And please don't tell me that Tyler Durden wants Iran to start a war with the USA by being set up by the USA? The Democrats look like they are trying to maintain world peace!
Former Obama Officials Helping Iran To Outmaneuver The United States
Trump is upset with the Democrats that he could not rule the Iranians? Funny, I guess he is an economic isolationist and a political expansionist. You cannot get a politician that is more dangerous than that.
Bitcoin Could Be At $1 Million By 2020
It would be nice to know how much Bitcoin James owns.
Posen And Cramer On Trade Wars And Cold Wars
This article is still relevant, Frank, as Trump now is escalating a trade war with Mexico. He has repulsed China. His fascism is showing, Frank. His economic isolationism is far more dangerous than political isolationism.
Market Briefing For Monday, June 3
Very thoughtful article. Mexico wants a belt and road type project for central America. Trump rejects it. He loathes anything south of the USA border. But he wants Mexico to create a humanitarian crisis on its border. Trump would like everyone south of the border to starve and die. I am convinced of it. He is a freak. And the world will pay for this freak sooner than later.
Monthly Macro Monitor: Economic Reports
Great read. Weakening of partner economies does not help us sell more. Navarro and Ross are lunatics, and like Trump, these moon howlers don't know squat.
The Fed's Too Slow
The Fed is slow. As the author pointed out in other articles, it was slow in the Great Depression, in the Great Recession, and now. Kashkari, who was against raising rates, now doesn't want them lowered yet! The Fed likely does not want to admit the December rate hike was wrong. How much its distaste for Trump is is hard to gauge. Could that factor in?