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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COVID Vaccines And The Stock Market
Thanks. I would like to see it in writing.
COVID Vaccines And The Stock Market
Yes, that is key. What is the reinfection rate, especially after antibodies wear off. This disease has the concern that antibodies are weak and it could stay with us far longer than many are predicting.
COVID Vaccines And The Stock Market
You have studied the science more than I, Moon. I think your analysis is sobering. Summer may allow for some retreat of the virus. That would be the time to try containment.
Market Breaks Out On Vaccine Hopes As Cases Surge
Shutdowns are not the solution? Tell that to Oregon and New Mexico. Shutdowns are coming. But these shutdowns have little safety nets attached since McConnell is dragging his feet.
The Legacy Of The Pandemic Will Be Lower Potential Growth
The chart showing Canadian potential growth reminds me of the charts Jeffrey P Snider has given us in the past. Very troubling. Thanks, prof.
Anxious Consumers, Stock Greed, New Normal And The Fed
Update 2: Imminent short duration lockdowns in Oregon and New Mexico may be contributing to paper product shortages in Las Vegas. Empty shelves are showing up again at Smiths, a Kroger store.
Opening Up The Economy, Case By Case
It was a recent comment. Susan, he also said he would join Biden later. He is still employed.
Opening Up The Economy, Case By Case
No. Fauci says it won't eradicate the virus.
Is Steve Bannon Doing China A Big Favor?
Update 14: Steve Bannon, who has dropped to a new low of human behavior, has called for the beheading of Dr Fauci. It is time the Republicans banish Bannon from Republican politics forever.
83% Of Passengers Will Not Return To Old Travel Habits
Las Vegas may need to reinvent itself. Very difficult times for the city. Will the bounce back we are seeing be sustainable? Good article.