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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The Civilian Labor Force, Unemployment Claims And Business Cycle
But in the old days wages were higher.
The Rise Of Zombie Companies — And Why It Matters
Well said Aaron. Mainstreet is getting auto loans but not much else from bankers these days.
Cyber-Criminals Abandon Bitcoin; Homeland Admits "It's A Lot More Legitimate Than People Think"
Interesting article. I am no fan of cashlessness, but I am no fan of an international currency either. So, I am not sure what to think at this time.
Why Wages Have Lost Ground In The 21st Century
This is a great article, an outstanding article, except that the Fed does not want wages to go higher and is part of the problem, not the solution. So, will the Fed break our socio-economic system? That becomes the real question. I wrote about Fed behavior and obvious culpability in forcing this downward pressure on wages. www.talkmarkets.com/.../kashkari-reveals-dark-secret-fed-plan-for-wages
The Canadian Economy Cools Off As Autumn Approaches
Must play havoc with the Property Brothers, and their upgrades maybe not giving the increase in equity that is necessary to keep the show viable. They probably will have to fall back to Atlanta, where everyone false back to eventually.
Mr. Draghi, Please Ease Up A Bit
It is amazing how central banks fear higher wages and will do almost anything to an economy to stop workers from making a decent wages, Lars.
Houston Houses Affected By Harvey Don’t Have Flood Insurance
Most of this article is very interesting. But, how will it push up wage inflation if people cannot find people to hire? If they aren't out there, they aren't out there. And besides, these are specific jobs. Wage inflation for most jobs is nowhere to be found because workers cannot push wages up. There are plenty of workers for the common jobs that move the dial.
Face Off: Stocks Vs. Bonds And The Economic Outlook
I liked your article, Adem. But clearly, bond demand seems more and more divorced from the real economy, from anything other than its own internal market demand.
Will The Fuel Cells Vehicles Save Platinum And Palladium?
Very interesting article. But battery powered cars are likely going to face shortages of essential metals, and who wants to sit on a giant lithium battery? I don't.
It’s All Backward
Well, you know, Jeffrey, the higher interest rates without QE could have triggered margin calls. That could have actually caused greater bond scarcity, not less. It seems backwards. But we also know that after QE in the USA, rates did not spike.