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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Barron's: The Trade War Will Make Stocks Scary. 5 Reasons Not To Panic
Manufacturing at a 10 year low probably rattled markets this morning. Losing confidence in Trump is starting to count.
Japan’s Surprise Positive Is A Huge Minus
Also, Keynes did not believe tariffs should be applied near full employment. There is nothing in this government that resembles Keynes.
Japan’s Surprise Positive Is A Huge Minus
Keynes was not for tariff wars. He was not for permanent tariffs which may be where we are headed. And the reason that the Fed won't lower rates is partly because the tariff war imo: talkmarkets.com/.../keynes-and-trump-tariffs
Existing Home Sales Unexpectedly Decline
Movato and other companies are making things look a lot better than they are.
Existing Home Sales Unexpectedly Decline
Existing homes are not selling well in Las Vegas. That is a bad, bad sign.
Rare Earths May Provide Leverage
Trump vastly underestimates China's economic strength and our weaknesses.
Very Clever, Those Chinese Folks
But there is no proof that Huawei has done any spying. Even Israel laughs at the US criticism of that nation for allowing China to operate its port. We are a bit of a laughingstock. And all major nations, including the UK have invested in the Asian Infrastructure Investment Bank. Oh, except for the USA!
Very Clever, Those Chinese Folks
According to surveys, most companies do not intend to move out of China and few plan to return to the USA of those who may move.
The Old Keynesian Guidelines Have Been Forgotten
A war with China could be the last war. I hope people who think like you do are confined to Texas. :)
Very Clever, Those Chinese Folks
Interesting article. The Chinese bailed us out of the Great Recession and now are keeping us from recession? Then why does POTUS treat them so badly?