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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Oil Is Responsible For Rising Bond Yields, But Not In The Way You Think, According To One Bank
Dearth of demand for bonds? Really?
US-China Deal Would Remove Major Stock Market Risk
So Trump blinked with China but plans to rip Japan, our ally?
The Shale Oil Ponzi Scheme Explained: How Lousy Shale Economics Will Pull Down The U.S. Economy
Interesting article. I just wonder if the shale decline would be large enough to take down the economy? It seems smaller than the housing losses of the last decade.
Dollar Tree Could Hit 'Home Run' By Charging Over $1, Analyst Says
Only 40 percent of merchandise is imports? That seems like a low number. What would they call it, the buck and a quarter store?
Government Regulations And The Bond Market Intersect To Change The Canadian Mortgage Market
So they want you to take out a variable rate while believing those rates could go up. What could go wrong, prof? Ha.
BlackRock’s Fink: Flattening Yield Curve Isn’t An Economic Warning
Blackrock believes demand for bonds is affected by collateral needs. If that demand can control long bond yields, often pushing yields down or controlling the upside, one wonders if that demand can be manipulated by the participants.
Canada Is Unable To Participate In The Recent Surge In Oil Prices
Slowdown in investment coukd be recessionary.
This Is A Really Strange Development
Dehoarding. Interesting and unusual concept in this age of hoarding. Perhaps people fear a rise in rates with a correspinding decline in bond value. If they exit now they will have more cash to buy bonds as collateral at a future date.If they guess wrong hedge funds could fail.
It’s Not Stagflation, But Inflationary Impoverishment
There is a bit of a slight of hand at work in this article. Everyone knows that massive economic stimulus reaaly wasn't massive. It never spilled over to mainstreet. The reserves stayed in the banking sector.
Tesla's Greatest Challenge Yet
I agree he doesn't seem to have the will to produce enough electric cars. Then he is having trouble with self driving technology too: www.talkmarkets.com/.../the-waymo-tesla-self-driving-con