Posted tagged ‘Auto Loan Bubble’

Must Reads For The Week 9/10/16

September 9, 2016

Gun Control Lessons For Morons, by Daniel Mitchell, at freedomandprosperity.org. Concealed-carry permit holders are a more law-abiding demographic group than police officers.

Booby Bra Is A Great Option For Packing Heat On A Run, By Krystle Shoonveld, at thefederalist.org. Women were getting attacked while they were out jogging, so an enterprising lady came up with a bra that can not only hold a weapon securely, it can also hold in place what it is supposed to hold in place with no spillage. What a great country.

Pope Says Global Warming Is A ‘Sin Against Creation‘, at dailycaller.com. The Pope should stick to his ministry, which is mercy and reconciliation. If he is truly worried about CO2 emissions, he should stop exhaling.

Obama Delivers On Vow To Bankrupt Coal Industry, at zerohedge.com. There has been a 42% decline in coal mining employees since 2012. Mission accomplished. For the record, some coal-burning power plants in the US have changed over to natural gas because fracking has made natural gas a more economical way to produce electricity.

Hillary Is Either A Liar Or She Is Grossly Incompetent, at zerohedge.com. The more information that comes out about her Email server, the more trouble Hillary has keeping straight her previous attempts at obfuscation (lying). Her problem is she looks like a young child trying to lie when caught doing something they weren’t supposed to do. Everyone can see this because at one time we were all kids who at one time tried to lie our way out of getting in trouble.

Clinton Foundation Is Charity Fraud Of Epic Proportions, at zerohedge.com. Excerpt from the article: “…the Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid. That’s because the organization spent the vast bulk of its windfall on “administration, travel, salaries and bonuses”, with the fattest payouts going to family friends.”

Australia’s Solution To California’s Water Woes: Markets, at independent.org. Edicts form politicians and Government bureaucrats don’t provide solutions. Government edicts just get in the way of the trade offs made in the market.

Female Student Admits To Incredible Lie That Got Auburn Football Player Kicked Off Team, by Robby Soave, at reason.com. This was a legal matter that should have been turned over to police. College officials are not qualified to do investigative police work. Oh by the way. Auburn’s title IX coordinator, Kelly Taylor, wanted to proceed even after the student told her she lied about the incident. Don’t let the facts get in the way of an agenda!

The One Trillion Dollar Consumer Loan Auto Bubble Is About To Burst, at zerohedge.com. Loaning money to people to buy cars who can’t afford the loan leads to disaster. Remember the sub-prime housing loan bubble?

Man Allows Himself To Get Caught Robbing Bank So He Can Get Away From His Wife, by Ashley May, at usatoday.com. When I first heard this story, I thought they were talking about Bill Clinton.

How To Pick The Fastest Line At The Supermarket, by Chris Mele, at economicpolicyjournal.com. This is the most important article, at least for me. I pick the wrong line everywhere I go. Two weeks ago I was in line at the drive through window at a burger joint. The car in front of me stalled and the driver couldn’t get it started. I helped push the car out of the way while the drivers wife walked through the drive in window. That is typical of my luck. There are some good suggestions in this article.

 

CARTOONS from theburningplatform.com.

Political Cartoons by Nate Beeler

Political Cartoons by Bob Gorrell

Political Cartoons by Nate Beeler

Must Reads For The Week 4/9/16

April 8, 2016

¬†These Have To Be From The Onion, Don’t They?

Sec. of DOT Denounces Inequitable Distribution Of Sidewalks, at tammybruce.com.¬† Statements from bureaucrats, like Transportation Secretary Anthony Foxx, reveal what they think of our intelligence. I don’t think they realize these statements also reveal what some of us think of their stupidity. From the article. “Only 49% of low income neighborhoods have sidewalks compared to 90% of affluent neighborhoods.” Since 51% of low income neighborhoods have sidewalks and 10% of affluent neighborhoods don’t have side walks we can safely say that sidewalks are not the cause of the economic status of a neighborhood.

Obama Administration To Landlords: You Cannot Refuse To Rent To Criminals, at tammybruce.com. Quote from the article, “The Fair Housing Act doesn’t include criminals as a protected class, but HUD says refusing to rent based on a criminal record is a form of racial discrimination, due to racial imbalances in the U.S justice system.….” What if a landlord refuses to rent to white criminals, is that racial discrimination? What if black landlords refuse to rent to black criminals, is that racial discrimination? You have to have a useless degree from an elite university and no common sense to say things like this. Or as my friend has so eloquently said, “One of us in this conversation is a real dumb ass.

Watch TA’s $1.4Million ‘Randomized iPad App Randomly Point Right or Left, at tammybruce.com. I can’t even explain this. You have to watch this short video to even believe this is real. This is what 1.4 million in tax payer dollars gets you. If they would have paid me $1.4 million, I would have drawn an arrow on a piece of cardboard and instructed the TSA agent to randomly flip it to the right and left.

Bubbles Bubbles Everywhere.

Here We Go Again: Obama Pushes Banks To Lower Home Loan Standards, at zerohedge.com. Lowering lending standards (along with central bank money printing) lead to the housing bubble of 2008. If at first you don’t succeed try try again.

Why The Auto Loan Bubble Matters, by Edward Niedermeyer, at thefederalist.com. Sub-prime auto loans allows people, who wouldn’t meet normal lending standards, to get car loans. Remember the 08 housing boom and bust.

More Than 40% Of Student Borrowers Aren’t Making Payments, by Josh Mitchell, at wsj.com. Many of these student loans were made to young people who shouldn’t have gone to college in the first place. Graduates can’t find jobs that pay enough to live on let alone pay their student loan debts. The government student loan program is making debt serfs out of students. It’s a student loan bubble.

Green Energy Boondoggle.

Ethanol Is Bad For Cars, The Environment, The Poor, And America, at fee.org. This is an example of why it is hard to shrink government. Even though ethanol increases green house gas emissions and is more expensive than gasoline, Big Agriculture will not allow their government subsidies to go away. This proves government is too big when it can’t even get rid of this boondoggle.

Another Government Backed Green Energy Company Goes Bankrupt, at dailycaller.com. Once again tax payer dollars are wasted because politicians and bureaucrats are”investing” in our future. Read – Green Energy Proving Venture Capitalist Are Smarter Than Government Bureaucrats.

Check Mate.

Oops: Hillary Supporters’ Twitter Hashtag Backfires, at tammybruce.com. Hillary supporters were playing checkers while everyone else was playing chess.

Bill Clinton Sec’y Of Labor (Unknowingly) Gives 4-Point Endorsement Of Ted Cruz, at tammybruce.com. One mans condemnation is another mans endorsement.

Making A Stand Against Political Correctness.

Standford Students Fight Campus Iconoclasts For Western Civilization, by Joy Pullmann, at thefederalsit.com. Here is an excerpt from the article, “Most Americans, who are part of Western civilization, know nothing of its achievements, making them prey to precisely the sort of grievance-mongering now infecting not just American campuses but our politics and culture….How Can Standford and other name-brand graduates go on to lead our society if they dislike it so much they do not want to learn its history? How can they hope to correct Western civilization if they do not know what it is?” …..”One does wonder how young people who confuse tantrum-throwing with argument managed to get admitted to Stanford in the first place.”

Cartoons

Political Cartoons by Glenn McCoy

 

Must Read “Leftovers”

January 20, 2016

Multiple Jobholders Surge To Highest Since August 2008, at zerohedge.com. Inside the jobs numbers. A majority of the job growth came from 1 worker holding more than one job, along with a surge in minimum wage jobs, and temp-help workers.

Is The Auto Loan Bubble Ready To Pop?, by Tommy Behnke, at mises.com. Does this remind you of the easy money and lower lending standards that created the housing bubble? Also; Obama Cheers The Auto Industry Over A Cliff, at thefederalist.com.

Dallas Fed Quietly Suspends Energy Mark-To-Market On Default Contagion Fears, at zerohedge.com. Put simply, The Fed told banks not to force bankruptcies, and demand asset sales instead. Some of the Feds electronically printed counterfeit money, in search of higher yields, found it’s way into the fracking industry. So part of the fracking boom is a bubble activity. Now marginal producers, that would not have come into existence under normal market conditions, must be liquidated to correct the Feds intervention. But the Fed doesn’t want to allow the correction to the problem it caused.

Walmart Will Close 154 Stores In The US; 10,000 Employees Impacted, at economicpolicyjournal.com. These are stores in the US. What does this article and the other three above say about the strength of our so called economic recovery?

ISIS Instructs ‘Lone Wolves’ To Look Like Christians, at tammybruce.com. The proverbial Wolves in sheep’s clothing.

Al Jazeera America Shutting Down, at tammybruce.com. When I read this, all I could think of was when Hillary Clinton said, “...viewership of Al Jazeera is going up in the United States because it’s real news…” (Watch Hillary 5 second video here.) Wrong again!

Is Eating A Cinnamon Roll Irrational? by Tyler Kubik, at mises.org. Petty tyrants want to decide what’s best for you. Anything they would not do themselves is not in your best interest, or anyone’s best interest.