The Market Ticker
Commentary on The Capital Markets
2016-05-28 08:15 by Karl Denninger
in Musings , 119 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.

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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.

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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.

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I'm done. You support this you are not American and have no place in this nation.

Karla Molinar, a University of New Mexico student, said she participated in disrupting Trump's speech because she felt he was attacking members of her family who are living in the country illegally.

What part of illegal is difficult to understand?

This chick knowingly and admittedly participated in an act of extortion -- she participated in a violent protest in an attempt to force you, I, and everyone else in this country to give a "free pass" to members of her family who are breaking the law.

Extortion is defined in the law as attempting to force you to give someone something they are not entitled to through force, threats or blackmail and it is a crime.

In this case her family members are not entitled to be here; they are breaking the law.  Karla participated in attempting to disrupt the lawful speech of a political candidate through acts that did turn violent and lead to both intimidation and property damage for the expressed purpose, as she admitted to a national media outlet, of allowing her family to continue to break the law without consequence.

That facially appears to meet the legal definition of extortion and every single person involved in such an act ought to be brought up on charges, tried and jailed.

Folks, we will get exactly nowhere as a nation until we enforce the rule of law, and nowhere is this more-necessary than in examples like this where people are openly violating the law and then using threats and physical violence as a means to demand that they be allowed to continue doing so.

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2016-05-24 11:53 by Karl Denninger
in Editorial , 222 references

You know the iconic scene from Up where the dog will stop paying attention to anything when it sees a squirrel, right?

Such it is with you and FaceFart when it comes to bias.

Facebook said its investigation showed that conservative and liberal topics were approved as trending topics at nearly identical rates. It said it was unable to substantiate any allegations of politically motivated suppression of particular subjects or sources.

But it did not rule out human error in selecting topics.

"Our investigation could not fully exclude the possibility of isolated improper actions or unintentional bias in the implementation of our guidelines or policies," Colin Stretch, Facebook's General Counsel, wrote in a company blogpost.

Uh huh. In the "meeting" Glenn Beck was said to be auditioning for Zuckerberg's manservant, just one step removed from getting under the table and blowing him on the spot.  Gee, how deranged have you become, Glenn?

The issue is not so much "trending topics" anyway. No, it's this sort of thing:

We wish this wasn’t true – but it looks like Mark Zuckerberg’s message hasn’t got through to Facebook’s employees. Conservative activist and Donald Trump supporter Lauren Southern was just kicked off the site for a totally inoffensive post noting its censorship of another conservative.

Got it?  She was banned for posting about another person being banned for calling out Facebook on censoring conservatives.  This was deemed in violation of "Community Standards."

Uh, what standards?  You mean the ones that say one must never criticize Facebook itself?  It appears so.

Remember, Facebook said such things don't happen.  They said there has been no bias and no "knowing" incidents of this sort.  Riiiight.

So here's the question: Who banned her for a month and why haven't they been immediately fired, the account reinstated and a formal apology provided?

I'll tell you why -- this was never about "trending news"; it has always been about removing those who disagree with the political slant of Zucker****er, including I note his desire to radically increase the H1b visa count and move big parts of his "monitoring" offshore to very cheap-labor places such as India and Pakistan where he can pay people $1 an hour or less.

Criticize any of that or amplify the speech of someone who has and you're risking being tossed.

Community Standards?  I'll give you mine:

You advertise on FaceBook and I will never buy anything from you -- and I will tell you why.

As for the few reasons I have to keep looking there for various events and such?  I'm going to be notifying those organizers as well, and if they choose to continue to use that as a sole source, well, perhaps I should stop patronizing and being a part of  (for those that are non-profits) those organizations too.

Facebook is free to choose how it runs its business.  But I'm free to respond, and this is it:

Bite me Zucker****er.

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