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.

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ALL CONTRIBUTIONS

E China PPP, AIIG Bank & Powerhouse Economics
Purchasing Power Parity is another way of measuring Gross Domestic Product. This measurement of GDP puts China in the lead as the most powerful economic engine in the world. AIIB is a bank that can help the world.
Read
E Belt And Road: The Sri Lanka-China Port
Most nations embrace the Belt and Road Initiative in varying degrees.
Read
E US Consumer Spending Flashes An Alarming Call To Action
It is not as if China and India, are wallowing in wealth. Most of the wealth remains in the USA. Almost everything that the government of the United States is doing is the exact opposite of what needs to be done to increase skilled employment.
Read
E Roubini On India Growth And Status Of Asia Fusion
Emerging markets are going to drive world growth, and while China exports, Nouriel Roubini believes that the nations of India, Indonesia, Brazil and Turkey can grow faster.
Read
E Recession Lurks. What Will The Fed Do?
Tim Duy warns of a recession and the need for the Fed to act quickly. That is not the historical way the Fed behaves. Will this leopard change its spots?
Read
E Fed Will Crush Trumponomics And MMT - Bond Yields Capped
The Fed deals with Trump spending mania on the right (Trumponomics), and will do so if necessary, with Modern Monetary Theory (MMT) wanting to spend to oblivion on the far left.
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Comments

Latest Comments
Goldman Shares Slump As DoJ Demands Guilty Plea In 1MDB Case
11 hours ago

Goldman breaks rules in so many places so many times. It is a wonder they still rely on the defense of rogue bankers.

In this article: GS
On Inflation And Interest Rates
11 hours ago

Inflation is not a serious problem for the reasons the author points out, but future growth is not guaranteed either.

Sensex Ends Marginally Lower; Banking And Automobile Stocks Witness Selling
1 day ago

In times of potential trouble, Asia must continue and increase economic cooperation.

Investors Appreciating The Dollar
1 day ago

Fascinating article. I wish the author would have explained why the dollar would weaken in the face of a trade deal when an effective trade deal for the US could weaken China. China cannot continually experience slower manufacturing that a "win" for the USA could bring.

The Eurodollar, Unfortunately, Is What Is Rebalancing China’s Services Economy
1 day ago

This is a must read. The thing China has going for it is purchasing power parity. As the world slows, Asia is still attempting to move forward. Cooperation between Asian nations is crucial at this point forward.

Shoot To Kill: Power, Precision, Sufficiency And The Appropriate Target
2 days ago

The Fed certainly has to factor in Nominal GDP because it can slide while inflation is strong, for a time. And the Fed must hope that the world economy, especially China, stay strong, because the stock market depends on it. The Fed could be loose monetarily and if China wobbles, still lose the stock market. I wonder if Trump gets that. I hope so.

US Consumer Spending Flashes An Alarming Call To Action
3 days ago

Or, we could increase economic activity by helping our neighbors with infrastructure, not money, and earn our pothole repairs. China is doing just that.

Belt And Road: The Sri Lanka-China Port
3 days ago

Condolences to Sri Lanka, a nation with problems that surely pines for peace among its varied peoples. Hoping the majority and the minorities learn to live in peace. Life is too short for any alternative.

US Consumer Spending Flashes An Alarming Call To Action
4 days ago

See also a study about purchasing power parity that helps explain the power behind the Chinese growth engine: talkmarkets.com/.../china-ppp-aiig-bank--powerhouse-economics

US Consumer Spending Flashes An Alarming Call To Action
4 days ago

There are some talented people who come from Affirmative Action who just need the opportunity. You think you will solve everything with tired right wing solutions. But there really needs to be more educational opportunity for more people.

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Gary Anderson Commented on Goldman Shares Slump As DoJ Demands Guilty Plea In 1MDB Case:

Goldman breaks rules in so many places so many times. It is a wonder they still rely on the defense of rogue bankers.

Gary Anderson Commented on On Inflation And Interest Rates:

Inflation is not a serious problem for the reasons the author points out, but future growth is not guaranteed either.

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PERSONAL BLOG

Latest Posts
Socially Responsible Investing As Alex Jones Is Banned
Social investing practitioners would generally be in favor of banning someone who exhibits racial or ethnic hatred against whole groups of people. It is good to look at Facebook and at Google and compare the two with regard to social concerns.
Hitler Economics In The Age Of Trump
There is a case to be made for sovereignty and mutual respect of sovereign nations, but just not in the way that Trump has made it. There is a benign sovereignty and a belligerent and hostile sovereignty. Is POTUS very dangerous or Hitler-lite?
Peter G. Peterson Turned Entitlement Into A Bad Word
Peter G. Peterson was a philanthropist for the wealthy, a reverse Robin Hood
The Cult Of Tesla's Elon Musk
I focus here on Elon Musk, because he is likely the the most powerful cult leader in America, other than perhaps Donald Trump. Elon Musk seems to be able to make outrageous statements and still retain his followers.
Trump Administration's Strange Response To Ford Relocating To China
Trump Embraces Ford Focus production in China when it railed against them being produced in Mexico. Why is this?
It Is Getting Serious With POTUS: Deep State Versus Russia Connection
It appears that Steve Bannon is now courting favor of the White House. I wrote about how radical he is as he has espoused a libertarian economic agenda on steroids.
The Curse Of Trump Is In Cutting Back On The Poor
The United States is a prosperous nation. But attacking the poor is not the way to remain prosperous. It has been tried before with disastrous results.
Tourism And The Trump Letter To Renegotiate NAFTA
NAFTA renegotiations are unleashed. But Canada and Mexico are our greatest tourist partners.

Work Experience

Blogger
Examples of Globalization Blog
2010 - Present (9 years 5 months)

On my blog I discuss the past housing bubble, the crash and future housing bubbles and scams. Offering easy money loans should be against the law but is not. Selling bogus AAA rated bonds should have been prosecuted but the scheme came from the bankers at Basel 2. You can't go higher than that. http://www.examplesofglobalization.com

Education

University of California, Santa Barbara
1967 / 1970
Political Science & Government

Publications