The Market Ticker
Commentary on The Capital Markets

"Pelicans guard Dejean-Jones shot and killed after accessing wrong Dallas apartment"


He kicked down the door!

The resident shot him.


Quit lionizing people who are fundamentally thugs.  It wasn't even his apartment he thought he was trying to "access" either; it might have been his former partner's which the NBA claims was an estranged acquaintance.

So irrespective of whether he kicked down the intended door or not he had no right to be there and the occupant had every right, when the door was forcibly kicked down, to assume the person doing it had evil intent and thus was fully-justified in shooting him.


As for the NBA and the "outpouring of support" for this thug from both teams officially and their players, **** the NBA.  There's a game I'm no longer interested in watching or patronizing any entity that advertises or promotes itself upon the back of.

View this entry with comments (registration required to post)

Here it comes folks..

Apple and Samsung supplier Foxconn has reportedly replaced 60,000 factory workers with robots.

One factory has "reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots", a government official told the South China Morning Post.

Xu Yulian, head of publicity for the Kunshan region, added: "More companies are likely to follow suit."

This is why offshoring in the search of the 50 cent/day wage is a practice that should never be tolerated by any nation.

It always ends here -- in the mechanization of something that used be done by manual labor.  But once lost those jobs are gone forever, not to be replaced.  The short-term gain for the corporate bosses comes with the inevitable destruction of the middle class.

You can't stop the eventual progression to robots.  That's what technology does; it makes things faster and cheaper, over time, if allowed to.  When it's not allowed to (e.g. health care) it's abused to empower monopolies, but absent that this is the progression.

In the 1960s and early 70s grocery store cashiers in most states were unionized -- and it was a well-paying, middle-class job.  The unions pressed harder and harder, and called strikes.  Back then a cash register was a mechanical device that had no concept of barcodes or similar and the job of quickly and accurately looking at the price tag on the item, keying it and sliding it down the belt was a skilled one.  It took time to develop (much like typing does) and it paid well.

The first grocery store scanners were expensive as hell (a half-million or more per store to install!) and required the manufacturers to barcode their products.  IRI (of Chicago) pioneered the business model of installing the systems by financing them and selling the data they produced back to the food companies.

The result was the destruction of the checker's union.  Was it coming anyway?  Probably, but when you overplay your hand you hasten your own demise; they did and it did.

If we had not allowed the offshoring to occur without punitive tariffs being placed in response the robots would still arrive.  But they'd arrive here, the jobs would have been here in the interim and both the building and maintenance of those robots would take place here.

Instead all that happened somewhere else.

If you do stupid things you win stupid prizes; the premise of "global commerce" that is driven by the demand for slave wages never ends there and not only fails to deliver the promise made for it it destroys the already-industrialized nation's middle class in the interim.

Since the middle class is the bulk of the consumer population the result is always and everywhere a hollowed-out economy that then tempts politicians to try even more-outrageous acts to keep from recognizing the result of their failures -- like blowing monetary bubbles.

Those in both government and industry that advance and exploit such policies ought to be indicted, not celebrated.  Their acts are of equal effect to those who would intentionally destroy the economy of a nation, and thus are quite-reasonably characterized as nothing less than terrorism, as the end goal of a terrorist is in fact to destabilize and destroy the economy of a nation and by doing so bring down its political system.

View this entry with comments (registration required to post)

2016-05-28 08:15 by Karl Denninger
in Musings , 232 references

Memorial Day is not for those who have served and are still with us.

It is for those who served and paid with their lives.

The question this weekend for you as you head to the beach, boat or other past-time, usually with beer and/or burger in hand, is whether what they died for is still here in America, or whether you have either actively conspired to destroy it or sat back and watched it happen with nothing more than a nod and a whimper.

Do we really have anything approaching freedom any longer?

Consider that we had something like a dozen candidates for President on the Republican side and two serious contenders on the Democrat.  Not one of them -- literally not one -- had a single word for the fact that there are 50,000 flatly unconstitutional gun laws on the books today.

Nor has one of them said one word about the blatantly-unlawful (and outrageously so) theft, fraud and arguably racketeering known as "health care" in this country that is not only one dollar in five of our "economy" it is also twice, as a percentage of our economy, that of the rest of the industrial world and those systems are almost-all socialist!  Oh, and it's also nearly 40% of our federal budget.

Can you really be "free" when four dollars in ten and doubling every 10 years in our government's spending profile goes to one place, virtually every aspect of it is facially illegal under laws that have existed for more than 100 years and you are one incident or accident away from literal bankruptcy irrespective of your age or wealth (fewer than 1 in 100,000 people is wealthy enough to be able to pay it off and shrug) meaning that in the end your choice is only between death and destitution!  Death comes to us all, but do you really have anything approaching 'freedom' if just prior to it you are robbed of everything you've ever accumulated by private parties and firms with the full consent and assistance of the government?


Yes, I recognize and honor the fallen this weekend, and Monday will fly the flag.  Yes, I will have an adult beverage or two over the weekend in between completing the tune-up and cleaning on a newly-acquired pinball machine.  I do not have immediate family that gave their life in the service of our nation, but I knew people who did, and many of my friends do have family who gave all.

But today, before you start drinking that beer and grilling those burgers, you might want to contemplate just those two above examples.  There are hundreds more where they came from, but those two are more than sufficient to make the point -- and frankly, if you head to the beach or bar without at least speaking out on these issues, say much less organizing your life in boycott and action against same then I question whether you remember, or value, those who gave their lives at all -- or whether for you this weekend is just a drunken boob-and-beer excuse.

View this entry with comments (registration required to post)

No, it's not your burger, ribs, roast pork butt, chicken or steak on the grill this weekend.

It is, IMHO, this:

Beyond Meat, which makes meatless products, claims its latest burger is "the closest thing to meat" that it's ever created.

The Beyond Burger will be available at one Whole Foods in Boulder, Colorado on Monday and at other stores on the East Coast soon.


The burger is juicy. Instead of blood and animal fat oozing from the patty, it's dripping with a mix of canola, coconut and sunflower oil. That moist fattiness mimics the feeling of eating a burger made of beef.

Coconut oil is probably reasonably-ok.  The other two?

Sunflower oil is chock full on linoleic acid as is canola oil.  Linoleic acid is a known inflammatory response promoter.  Of course Dow "AgroSciences" says you ought to eat a lot of these oils..... oh really?  Never mind how canola oil is made (from rapeseed); have a look if you wish.

I wouldn't eat these "burgers" if you gave them to me.

Pass the saturated-fat laden beef please.  I'm not afraid of it, unlike the ridiculously-concentrated levels of refined vegetable oils that you could never manage to consume by simply eating said vegetables.

View this entry with comments (registration required to post)

This is an outrage...

LONDON (Reuters) - People with diabetes should be offered gastric surgery as a standard treatment option which could help control it for years without medication, the world's leading diabetes groups said.

A joint statement from a 45-strong group said on Tuesday that bariatric, or metabolic, surgery could have a significant benefit for hundreds of thousands of patients worldwide, which they said represented one of the biggest shifts in diabetes treatment guidelines since the advent of insulin.


Look folks, bariatric surgery is a last resort sort of thing.  Beyond the (very real) risk of immediate complications that can kill you outright it always dramatically interferes with absorption of nutrients in your food.

Further, while it materially reduces the amount of food you can consume at one sitting it does exactly nothing to prevent you from continually eating smaller amounts of more-caloric-dense foods.

The history of "success" with this surgery over the intermediate and longer term is poor -- and that's being charitable.

It is far less dangerous but generates zero income for surgeons to instead strongly recommend that people get all the carbs out of their food intake and reduce protein intake to that required by the body -- that is, eat low-carb, high-saturated-fat, moderate (e.g. 20% of caloric intake) protein.  Removing carbohydrates will improve insulin sensitivity simply because you no longer require much insulin at all with no carbs in your system.

The guidelines are based on a substantial body of evidence, including 11 randomised trials, showing that in most cases surgery can lead to reductions in blood glucose levels below the Type 2 diabetes diagnosis threshold or to a substantial improvement in blood glucose levels.

For how long?

And further, what good does that do you if it leads to severe malnutrition due to absorption problems with nutrients in your food?

Surgery of this sort cannot be reversed; when these consequences come to visit you're stuck with them.

View this entry with comments (registration required to post)

Main Navigation
MUST-READ Selection:
Dawn In America?

Full-Text Search & Archives
Archive Access
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.


The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.