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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One More For Bill To Consider: 中国特色社会主义
Because they work an average of 52 hours per week while Americans average 43 hours per week.
One More For Bill To Consider: 中国特色社会主义
Interesting article. But China has faced this dilemma of external growth vs internal growth for awhile now. That nation will do Belt and Road. It will trade with Europe. It will spread wealth to rural communities. It certainly will try harder than the United States. We can be certain of that.
Why Clean Energy Now
This switch to renewable power is a pipe dream. I can't see China doing it. I can't see any country that wants to grow doing it. Oil nations can't do it.
My View On: Short Selling
Cramer talked down Overstock in a shameful example of coming to the aid of short sellers. Other hedge fund associates have done the same thing. Short sellers feed on failure. Pump a stock and some people make money. And they didn't do it in secret. Short sellers deserve to be whacked. Especially when they pick on stocks without big valuations.
www.cnet.com/.../overstock-ceo-reflects-on-cramer-debacle/
The World Bank Identifies The Lingering Effects Of The Pandemic
Sobering assessment.
What Does The Economy Need Now?
Great article. UK fraud is limited because corporations don't get the stimulus. Stimulus fraud in the US is disgusting.
Soaring Inflation & Supply-Chain Disruptions Spark 'Surge' In US PMIs
The money supply has increased. But the average guy is still cautious. I say inflation will have a difficult time. Of course, a couple of giant stimulus plans could change that.
We Are Suffering Through The Most Painful Economic Crisis Since The Great Depression Of The 1930s
Here is a link showing Romney could care less about the disadvantaged: www.bostonglobe.com/.../biden-stimulus-gets-skeptical-response-republican-moderates/
We Are Suffering Through The Most Painful Economic Crisis Since The Great Depression Of The 1930s
Just a few days ago, Andrew.
Soaring Inflation & Supply-Chain Disruptions Spark 'Surge' In US PMIs
Reading the entire article reveals a problem. Inflation at the wholesale level. But can those prices be pushed onto the retail consumer?