tag:blogger.com,1999:blog-5095337688261650609Sat, 14 Feb 2026 08:52:52 +0000Save the endangered American saver by opposing any housing bailout. "Millions for Defense, Not One Cent for Tribute" --The battle cry of Americans rejecting 18th-Century extortion.http://notonecent.blogspot.com/noreply@blogger.com (J at IHB and HFF)Blogger87125tag:blogger.com,1999:blog-5095337688261650609.post-5171334447901897581Fri, 07 Aug 2009 15:26:00 +00002009-09-17T18:44:48.815-04:00Cash for Clunkers (C4C, Car Allowance Rebate System (CARS)) is anti-poor, anti-recovery, anti-safety, anti-consumer, anti-saver, anti-taxpayer, anti-business, anti-environmental, anti-health, anti-charities, anti-productivity, and anti-economics.Anti-Recovery: C4C is classic wealth destruction. Its Carthaginian scorched-earth policy demands that working engines must be destroyed. Destroy the http://notonecent.blogspot.com/2009/08/cash-for-clunkers-hurts-poor-sick.htmlnoreply@blogger.com (J at IHB and HFF)5tag:blogger.com,1999:blog-5095337688261650609.post-4906344955811198052Fri, 10 Jul 2009 11:55:00 +00002009-07-14T13:50:54.184-04:00Government Ponzi Bubble Bailout GlossaryHere is your secret decoder ring to decipher the euphemistic jargon used by financial pundits and government officials, particularly regarding the bailouts (to be updated periodically)."21st Century" (adj.) = Unaffordable"Accountability" = Plausible deniability"Asset" = Debt"Bad Bank" = Taxpayer"Build America Bonds" = Loot America bonds"Capital" = Debt"http://notonecent.blogspot.com/2009/07/bubble-bailout-glossary-of-orwellian.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-858967532357470400Fri, 26 Jun 2009 11:42:00 +00002009-07-10T07:47:54.116-04:00What are people paying and buying and what does it tell us about prices and inflation? Are Rents Rising? Landlord Kyrgyzstan raises rent more than 300% on tenant USAThe United States will pay more than triple its current $17.4 Million annual rent to use the Manas airbase outside Bishkek in Kyrgyzstan in Central Asia.In addition, Uncle Sam must pay "$37 million to build aircraft parking slots http://notonecent.blogspot.com/2009/06/inflation-americans-pay-300-more.htmlnoreply@blogger.com (J at IHB and HFF)1tag:blogger.com,1999:blog-5095337688261650609.post-1577629274922191588Thu, 25 Jun 2009 11:23:00 +00002009-08-07T11:26:44.625-04:00Comrade Coinz asked what leading economic indicators do you watch.The Conference Board is a good start:The Conference Board Leading Economic Index™ (LEI)The Conference Board Coincident Economic Index™ (CEI)The Conference Board Lagging Economic Index™ (LAG)The Organization for Economic Co-Operation and Development (OECD) Composite Leading Indicator (CLI) is another source.Both organizations also http://notonecent.blogspot.com/2009/06/what-leading-economic-indicators.htmlnoreply@blogger.com (J at IHB and HFF)2tag:blogger.com,1999:blog-5095337688261650609.post-2848784919694280437Tue, 23 Jun 2009 07:57:00 +00002009-07-10T16:57:36.994-04:00Ringing in the MEW Year and the Illusion of Real Estate ROIA recent Wall Street Journal (WSJ) article hints at but underdevelops a crucial distinction (the first point is closer to a psychological wealth effect while the second point is more likely to involve a functional change in credit access):Fixed income, increased wealth: Spending more of your current income by decreasing your savings ratehttp://notonecent.blogspot.com/2009/06/housing-wealth-effect-on-non-housing.htmlnoreply@blogger.com (J at IHB and HFF)1tag:blogger.com,1999:blog-5095337688261650609.post-6723445712779014732Wed, 17 Jun 2009 06:23:00 +00002009-06-23T02:24:06.148-04:00Federal Reserve Chairman Ben Bernanke learned the wrong lesson on the Great Depression from Milton Friedman and Anna Schwartz, citing fascism, war, and inflation as cases of succesful monetary policy.Economist Paul Krugman admitted that the economy would fix itself with no government intervention yet still learned the wrong lesson from Japan's Lost Decade, calling for bridges to nowhere and http://notonecent.blogspot.com/2009/06/great-depression-bernanke-krugman-learn.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-2163802023469666280Mon, 18 May 2009 18:23:00 +00002009-06-26T23:50:51.972-04:00The final bill for the Global War on Savers will be vastly larger than the final bill for the Global War on Terror.Peak Nominal GDPBallpark figures rounded to nearest Trillion (T) to ease understanding(updated figures)World’s 10 Biggest Economies$17T = EU$14T = US $4T = Japan $3T = China $1T each(descending) = Canada, Brazil, Russia, India, Mexico, S. Korea$55T = World$20T = World except top 3http://notonecent.blogspot.com/2009/05/us-government-spending-consumes-world.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-1520072418718657896Sun, 17 May 2009 18:06:00 +00002009-05-18T07:37:12.237-04:00Debtor in Chief Obama failed to manage his own household family budget well. Barack Obama ran his own household family budget like a stereotypical overspending, over-indebted yuppie:It is no surprise that President Obama supports unprecedented spending and borrowing in the federal budget since he has never suffered any consequences from the excessive spending and borrowing in his private http://notonecent.blogspot.com/2009/05/obamas-personal-bailout-by-taxpayers.htmlnoreply@blogger.com (J at IHB and HFF)2tag:blogger.com,1999:blog-5095337688261650609.post-3243474188160252198Fri, 15 May 2009 20:42:00 +00002009-05-17T10:32:19.386-04:00Satire Becomes Reality in Our Economic Theater of the Absurd I previously satirized the fanciful, pollyanish economic spin of the bubble bulls by coining the following phrase:The Great Pre-RecoveryThe Great Pre-Recovery is an Orwellian euphemism for The Great Depression II (our current economy).Pre-PrivatizationThe Great Pre-Recovery satirized the real attempt to push nationalization with the http://notonecent.blogspot.com/2009/05/great-pre-recovery-and-other-orwellian.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-6719165212082595320Thu, 14 May 2009 16:05:00 +00002009-09-16T23:38:42.587-04:00You will be haunted by 3 ghosts, the Ghost of Malinvestments Past, the Ghost of Malinvestments Present, and the Ghost of Malinvestments Yet To Come. GHOST OF MALINVESTMENT PAST (Pre-Peak Housing/Credit Bubble)Past is Prologue: America learned nothing from the 1990s Asian real estate bubble and 1997 Asian financial crisis that left Asia littered with derelict"modern ruins," the "ghost towers":-http://notonecent.blogspot.com/2009/05/stimulus-bailout-malinvestment.htmlnoreply@blogger.com (J at IHB and HFF)1tag:blogger.com,1999:blog-5095337688261650609.post-3553078449335621599Wed, 13 May 2009 15:03:00 +00002009-05-14T07:33:41.361-04:00FHA uses Obama's home-buying $8k tax credit to push DAP money-laundering scheme to resume risky, lax lending that leads to higher rates of default and foreclosure.The FHA previously complained that Downpayment Assistance Programs (DAP) circumvented downpayment requirements (often surreptitiously seller-financed through a shell non-profit organization), so the borrower had no skin in the game and http://notonecent.blogspot.com/2009/05/fha-pushes-subprime-style-risky-lending.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-8852878892186310884Wed, 13 May 2009 11:56:00 +00002009-06-27T06:57:46.634-04:00Japan's newest export is unemployed people.Japan is paying its unemployed to leave the country and never return, offering Y300,000 per unemployed person and Y200,000 per dependent (roughly $3K and $2k). The government is targeting immigrants such as Latin Americans of ethnic Japanese descent, including over 300,000 Brazilians, who had migrated to Japan during a tighter labor market in http://notonecent.blogspot.com/2009/05/exporting-unemployed-debt-japan-and-usa.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-4455016749756615523Mon, 04 May 2009 14:33:00 +00002009-05-04T12:26:14.369-04:00"Political Cartoons" BelowDo you have your 27B-stroke-6?TARPistanian President Obama, Federal Reserve Chairman Ben Bernanke, and the rest of the Rube Goldberg crew seem to be enforcing Terry Gilliam's 1985 dystopian farce, Brazil, with its Central Services government (dis)functionary repairmen, Spoor and Dowser."So we can differ on some of the particulars, but . . . doing nothing, that's not an http://notonecent.blogspot.com/2009/05/obama-and-bernanke-enforce-dystopian.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-4046062401734675893Fri, 01 May 2009 10:40:00 +00002009-06-14T04:37:41.972-04:00President Obama inherited massive deficits from . . . Senator Obama."First of all, when I hear that from folks who presided over a doubling of the national debt, then I just want them to not engage in some revisionist history. I inherited the deficit that we have right now, and the economic crisis that we have right now." (Barack Obama, 2/9/09 press conference)When Obama blamed the other guy, thehttp://notonecent.blogspot.com/2009/05/obama-ruined-budget-for-obama-inherited.htmlnoreply@blogger.com (J at IHB and HFF)1tag:blogger.com,1999:blog-5095337688261650609.post-4158381902581824343Tue, 28 Apr 2009 09:01:00 +00002009-07-02T22:51:30.369-04:00Measure Money and CreditNOT Prices, Wealth, Assets, Velocity, TransparencyPeople debating inflation/deflation often take the Austrian economics' definition:Inflation = Increased supply of money and credit (combined)Deflation = Decreased supply of money and credit (combined)Therefore, the following are NOT inflation/deflation:Prices: Many deflationists rightly state that price increases are not http://notonecent.blogspot.com/2009/04/inflation-or-deflation-money-supply.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-5735737658788470667Sat, 13 Dec 2008 21:00:00 +00002009-05-13T10:12:00.026-04:00Bernard L. Madoff's Ponzi Scheme Loses $50 Billion of Investors Money. . . And Illustrates How Government Regulation Creates/Enables Financial FraudAmbulance-chasers who exploit this financial-fraud train-wreck for a power-grab to increase the government regulatory burden fail to understand history and human nature.Ivar Kreuger "The Match King" created a post-WWI, massive, international Ponzi http://notonecent.blogspot.com/2008/12/madoff-case-proves-danger-of-trusting.htmlnoreply@blogger.com (J at IHB and HFF)2tag:blogger.com,1999:blog-5095337688261650609.post-1127270619098836344Sat, 13 Dec 2008 14:48:00 +00002009-07-10T09:38:59.338-04:00Rescue Chrysler/GM = Kill FordAuto Dealerships Offering Buy-One-Car-Get-A-Second-Car-Free Expose Bailout's FollyThe people crying that the automobile industry is X-million jobs or X-percent of the economy should have bought a controlling interest in GM a decade ago and reformed it, instead of trying to rob the public today.The odds that every single job would evaporate are remote.There are 2 http://notonecent.blogspot.com/2008/12/detroit-big-3-bailout-misses-supply.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-1321752917453651362Thu, 11 Dec 2008 13:56:00 +00002008-12-14T13:12:15.232-05:00Market Says We Need LESS Credit but Government Continues Its Force-Feeding to Cram Debt Down Your Throat The Wall Steet Journal's 12/11/08 "Freight Haulers Slam on the Brakes --Expecting the Weakest Year in Three Decades, Truck, Rail and Ocean Shipping Firms Are Cutting Back" (hat tip: CR):“In a normal year, Gordon Trucking Inc. might replace 20% of its fleet of 1,500 big rigs with new trucks. http://notonecent.blogspot.com/2008/12/big-lie-of-credit-crunch.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-5860231351776550611Sat, 06 Dec 2008 17:23:00 +00002009-06-14T05:04:22.767-04:00Obama Essentially Pledges To Be Bush’s 3rd Term and Perpetuate Bushonomics "Guns & Butter" Bubble EconomyBarack “Bubbles” Obama follows his bellicose, chest-thumping "We will kill bin Laden. We will crush Al Qaeda" announcements to escalate the “Global War on Terror” and order his own troop surge in Afghanistan and raise a massive "civilian national security force that’s just as powerful, http://notonecent.blogspot.com/2008/12/obamabush-infrastructure-alternative.htmlnoreply@blogger.com (J at IHB and HFF)3tag:blogger.com,1999:blog-5095337688261650609.post-7321789746820355689Mon, 24 Nov 2008 11:59:00 +00002009-04-29T02:02:09.539-04:00The “Credit Crunch” that Wasn’tUS total consumer credit hits record HIGH after a year of the so-called “credit crunch,” according to the Federal Reserve’s latest provisional figures released November 7, 2008. The graph shows that 3rd-quarter 2008 total US consumer credit grew 3.7% above 3rd-quarter 2007, when the “credit crisis” began.Not only did consumer credit not shrink, it grew.September http://notonecent.blogspot.com/2008/11/consumer-credit-hits-record-high.htmlnoreply@blogger.com (J at IHB and HFF)3tag:blogger.com,1999:blog-5095337688261650609.post-7686372338924004874Tue, 04 Nov 2008 12:50:00 +00002009-05-04T10:32:55.942-04:00Bi-Partisan Threats to YouWhat to do when both major candidates make a mockery of “change” and “reform.”Barack Obama married into the infamous Chicago political machine (his wife Michelle was a Mayor Richard M. Daly staffer), built his career on corporate-welfare tax subsidies (the Annenberg Foundation, Chicago Annenberg Challenge (CAC), pushed the risky mortgages that contributed to the current http://notonecent.blogspot.com/2008/11/how-to-vote-today-last-minute.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-5457752847450396374Tue, 14 Oct 2008 10:45:00 +00002008-12-14T13:01:50.353-05:00Dark Helmet: "Light speed is too slow... We're gonna have to go right to... LUDICROUS SPEED!"(The video is down farther.)Ben Bernanke Goes to Plaid:Central Banks Will Provide Unlimited Liquidity (Ludicrous Liquidity) "In order to provide broad access to liquidity and funding to financial institutions, the Bank of England (BoE), the European Central Bank (ECB), the Federal Reserve, the Bank of http://notonecent.blogspot.com/2008/10/financial-bailout-hyper-debt-preemptive.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-5277677389031548931Fri, 10 Oct 2008 12:54:00 +00002008-10-15T02:14:44.708-04:00PT Barnum must be laughing at us. There’s a sucker born every minute: Never buy something you don’t understand. People ignored that advice with complicated mortgages and--learning nothing--now repeat the mistake on a national scale by buying a complicated government bailout that they don’t understand. The Blind Leading the Blind: Congress does not understand the problem any better than the Wall http://notonecent.blogspot.com/2008/10/bank-wall-street-bailout-unnecessary.htmlnoreply@blogger.com (J at IHB and HFF)0tag:blogger.com,1999:blog-5095337688261650609.post-5887800392982641307Sun, 07 Sep 2008 00:51:00 +00002009-09-16T22:20:21.952-04:00The US Federal Reserve central bank does the OPPOSITE of fundamental central-banking principles.A central bank should:Remove the punchbowl before the party gets started (tighten monetary policy before inflation/bubbles start). Instead, both Greenspan and Bernanke spiked the punchbowl with whiskey, cocaine, and LSD, kept everyone’s glasses overflowing, and injected any flagging raver with http://notonecent.blogspot.com/2008/09/abolish-federal-reserve-central-bank.htmlnoreply@blogger.com (J at IHB and HFF)2tag:blogger.com,1999:blog-5095337688261650609.post-4142829630703262008Sat, 06 Sep 2008 22:32:00 +00002008-09-06T20:27:39.883-04:00The vast majority (2/3 to 3/4) of BIG US corporations DO pay taxes, contrary to 'glass half-empty' impressions given by recent media headlines. ("Most Corporations Don't Pay Income Taxes: GAO" Congressional Quarterly CQPolitics CQ Today Online News Richard Rubin 8/12/08)The United States Government Accountability Office (GAO) released Tax Administration: Comparison of the Reported Tax Liabilitieshttp://notonecent.blogspot.com/2008/09/misleading-gao-report-of-corporate.htmlnoreply@blogger.com (J at IHB and HFF)0