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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It’s The Oil, Stupid
You are assuming labor is strong. But what if labor is weak? What if capitalism is weakening the wealth of the labor force? I don't see that discussed at all.
The U.S. Stock Market: Highly Inflated Bubble To Super-Charged Tulip Mania
They will try to go back into real estate. Rules are being banished to hold banks back, as we speak.
Velocity And Rates And The Vicious Cycle Possibility
Interesting article and argument. Only thing is that payroll growth is collapsing, according to Jeffrey P Snider. So, your chart only behaved in a certain way, in the past, when wage power was greater. Now labor is weaker. Something is different now. The New Normal appears to reflect a weakness in labor that won't go away.
Maturity Creep - A Key Trend For Global Bond Investors
Then why do yields continue to go down? It is obvious that bonds are in massive demand, longer ones even more so.
Tesla Is Going To Embarrass Warren Buffett
I don't think the public will flock to electric cars. I don't think it will happen. If it happens, there will be a major backlash when people find out these cars were created to ultimately keep the public from free travel and free access to our roads.
Clues To What Is Behind Yellen’s Inflation “Mystery”
Logical. You don't want to go negative. But I don't know if she really cares that much. After all, bond demand is massive. And she is, when all is said and done, a bond hawking saleslady. :)
Clues To What Is Behind Yellen’s Inflation “Mystery”
The Fed believes there is a shortage of bonds or possibly one coming. Maybe they will manufacture this shortage of bonds by slowing the economy.. They must not believe raising rates a bit will hurtfully slow an already slow economy, Prof.
Putting America's Record-Breaking $20 Trillion Debt In Global Context
I didn't know Canada liked Fuchsia! But America could turn Fucshia with too many global interests and possible wars.
Let’s Throw Some “Keynesian” Bombs
Only one problem, spending how may not pan out of workers cannot be found. So, we have a mature recovery, with lots of people working, with no private investment and public investment that probably would need to be staffed by illegals, lol. Seems like too much money has gravitated to the top. As Kyle Bass said, Helicopter money, which would increase demand without waiting for investment, is the only way out.
Bitcoin Silliness, Myths, And Fatal Flaws
Probably right, but gold is not the only gold. Bonds are gold. Ask the clearinghouses for derivative securities. Failure to understand that bonds are gold will give libertarian types endless grief.