Muckraker of the Financial System
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



Latest Comments
On Secular Relative Impoverishment Of Young People
3 years ago

Expected but alarming. Great article.

Predictive Value In/Of Low Yields
3 years ago

Deflation may very well be the likely case.

The (Updated) LIBOR Record
3 years ago

You wonder if the Fed's desire to misprice financial products is so they can increase risk? We saw how that worked out in the Great Recession.

Helicopter Money Vs. Gold
3 years ago

The Fed says inflation is temporary. With the lack of high paying jobs that seems true.

What Gold Says About UST Auctions
3 years ago

They scare people with inflation when the economy is quite slow. Just another con.

Bubble, Bubble Signs Of Trouble
3 years ago

Interesting article. Author says Bumble will likely tumble. Very clever.

Yields Soar, Sending 30Y Real Rates Positive Amid Overheating Panic: What Happens Next
3 years ago

Rising yields will clip assets. Maybe the Fed wants that.

How Effective Are Government Stimulus Programs?
3 years ago

Prof, the average guy is given a little windfall to encourage him to pay his bills. Bailouts are always ultimately for the wealthy creditors.

How Effective Are Government Stimulus Programs?
3 years ago

No doubt it would take a lot to move our markets into inflationary mode.

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