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
Stock Market’s Pipe Dreams
Trump cannot be believed. However, if he is serious in wanting to stop the trade war, he needs to report that all efforts to set up tariffs on the extra 325 Billion are OFF!! Just tweeting about not deciding is NOT GOOD ENOUGH.
Does Trump Actually Want Lower Rates?
He wants the impossible, low rates and fast NGDP growth. JMO!! He is afraid of a slowing and a weakened stock market, which we now have had thanks to the Tariff War which started on 5/13/2019.
Trade War Could Cause A Global Recession
Would the Democrats rather that the economy slip into recession than to help the economy by stimulus? I think that is cynical thinking, especially when we know the Democrats are pushing a huge infrastructure plan. No, it was McConnell who wanted to make Obama a one term president by offering a puny stimulus. The party that hurts America for its own interest is the Republican Party.
Nonstop Trade Lies: Markets Not Exactly Pleased With Trump's Tariff Man Act
Tweet me little lies, little lies. Trump is now the boy who cries wolf. No credibility in his tweets.
Why Boeing Could Be A Big Loser In US-China Trade War
Boeing cannot be confident that a trade deal can be reached. For Boeing to say otherwise is pure bs, imo.
Obligatory Market Comment And The Myopia Of The S&P 500
If China has a weaker hand to play it will come back to bite the US stock market at some point. China will endure the pain. What if China confronts the US in the South China Sea? We already know China will stop buying US agriculture. Trouble lies ahead. The pros can gamble but is it wise for the average investor?
Weighing The Week Ahead: Stalemate?
The fusion of some Democrats who oppose free trade and Trumo, who hates all trade, is a disaster. It will play out in time. Remember, Trump is implementing his campaign promises. He already said he does not want Beemers and Mercedes on American streets. Wall Street needs to see where this all is going.
Tariff Man Trump Fooled Wall Street From The Start
Update 1: Paul Krugman in the NYTimes says that Trump's trade war is more than just about economics. It is about destroying Pax Americana, the doctrine of peaceful international relations overseen by the USA. Trump wants to continually bully the world to submit to his vision of the world. If the world gives in, surely the resentment will build. Trump lies to his base, saying that China will pay for his tariffs. That is a boldfaced lie. You and I will pay for the #Trump #tariffs
US-China Trade War Confirms Political Risk Is Now A Key Factor For Companies And The Economy
This article hits the nail on the head. Europe would be smart to fuse with China. After all, Trump will soon start a tradewar with the EU. He already said he doesn't want to see Beemers and Mercedes on US streets. How Wall Street could be so stupid is starting to become annoying.
Game Of Thrones: Winter Is Coming
Great article, but small investors may not want to gamble on stock appreciation just based on Friday. Wall Street is fooled by POTUS45 but at some point will react to heightened risk clearly explained in this article.