The Market Ticker
Commentary on The Capital Markets
Main Navigation
Full-Text Search & Archives

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.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

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 sent unmodified to lawmakers via print or electronic means 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, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)

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.

2018-01-20 07:00 by Karl Denninger
in Corruption , 33 references
[Comments enabled]  

Nor is it just about Cliven Bundy.

The Daily Beast wrote in August 2016 about how this undercover FBI agent encouraged the jihadis. The Beast’s Katie Zavadski wrote: “Days before an ISIS sympathizer attacked a cartoon contest in Garland, Texas, he received a text from an undercover FBI agent. ‘Tear up Texas,’ the agent messaged Elton Simpson days before he opened fire at the Draw Muhammad event, according to an affidavit (pdf) filed in federal court Thursday.”

Let me remind you what this is about.  Pamela Geller among others were involved in a Draw the Pedophile "profit" contest.  A clear expression of one's 1st Amendment rights in the United States.

The FBI found out that some jihadis were unhappy about this.  Big shock.  But, in the process of finding that out and allegedly "investigating" they egged on the jihadis in their intent to attack the gathering.

You got that one folks?

Law enforcement encouraged a known jihadi to commit murder and then did not interdict the attack.

Private security stopped it when they opened fire at the checkpoint where private security was checking vehicles.  The FBI was nowhere to be found in interdicting the people they encouraged to commit an act of mass-murder.

Oh, and the Just-US department, which I remind you now is headed by Donald-****-you-*******-Trump, is trying to get the case dismissed, arguing that the US Government is immune from liability even when it breaks the law and encourages people to commit acts of mass-murder.

Well, if the government can do that with impunity then tell me once again why the citizens of this nation should not consider any federal agent or employee to have the intent to murder them, or solicit others to do so, in cold blood as soon as they see them?

Because that's exactly what it appears the FBI in fact did in this case.

View this entry with comments (opens new window)
 

On posterboard, you will want to frame (and possibly mat) it.
You know you want it!

Email kairia.rocks@gmail.com for price and shipping.

View this entry with comments (opens new window)
 

2018-01-19 09:21 by Karl Denninger
in Company Specific , 149 references
[Comments enabled]  

30% price increase for a "month-by-month" Prime "subscription"?

Yeah, ok..... we'll see how that works out.

The intent is clear; to try to force people onto annual payments to make them "sticky", as if the 20% upcharge wasn't enough.  So instead we'll make it a 55% increase if you want to go "month-by-month."

Here's the problem -- those who were doing monthly were those that are squeezed economically to start with.

The market loves the move, of course, since 30% price increases -- if you can make them stick -- look great.

What does it say about the profitability and cross-subsidization of the business, however, if that's what you wind up believing is "justified" by market conditions?

Pssst..... go back and read my article on cloud cross-subsidization being threatened for the real reason behind this price increase.  Of course there's been not one word on the likely arithmetic behind this move coming from the squeeze in that space, because, well, you'd have a wee problem trying to justify a P/E north of 200 if you did.

PS: They're pissing off all the Whole Paycheck customers too.... you know, those folks who overpay on purpose for groceries because it has some sort of "vibe" to it.  How's that going to work out when the quality goes to Hell -- oh wait, it already has.

View this entry with comments (opens new window)
 

2018-01-19 08:19 by Karl Denninger
in Corruption , 176 references
[Comments enabled]  

What we now know (without details) is that the infamous Section 702, which is otherwise known as "FISA", was massively abused against Americans.

Intelligence-gathering such as Section 702 purportedly authorizes is supposed to be constrained so as not to be able to operate against American citizens in the US.  But it has been abused to do exactly that and Congress just reauthorized it.

Trump will almost-certainly sign the bill, but in light of the abuse now being known if he does he has violated his oath of office and ought to be ejected from it and then charged, along with the rest of Congress.

Folks, there are literally 536 felons sitting in DC right now who have exactly zero respect for our Constitution.  This is just the latest outrage, yet you won't be outraged and indeed I predict you won't even complain -- say much less demand imprisonment -- or more.

More is, in my opinion, justified -- after trial and due process of law, of course.  Yes, the public should be able to read this memo right damn now, but what difference will it make?  Americans have absolutely no sense of outrage when laws intended to protect Americans are abused for political or simple bare naked power purposes; if they did we'd have already had our Second American Revolution and instead here we all are, being screwed daily.  The only thing I hear that allegedly passes for "outrage" is when a few people, like myself for example, refuse to call someone who chops their own dick off "she."

View this entry with comments (opens new window)
 

2018-01-19 07:00 by Karl Denninger
in Editorial , 123 references
[Comments enabled]  

Oh please.

"Protect dreamers"?  There's nothing to "protect"; those people were given a "hall pass" illegally by Obama.

If the government wants to put them all through a merit-based system and then let those start down the road to earning their way here by (1) proving they've not taken any public largesse, (2) proving that they have the merit to earn immigration credentials based on achievement and ability and (3) not, under any circumstance, allow said persons to further sponsor or create more citizens and green card holders then I might be ok with it.

Let's lay forward what that means:

1. All those who have been here for schooling and yet can't pass the English requirement for citizenship, and are of High School age or better, are done and leaving.  Now.

2. All those who have been collecting welfare of any sort are done.  Get out.

3. All those who have a criminal history of any sort are done.  Get out.

4. All those who cannot show that they have paid all their taxes, that is, any who have cheated, are done.  Get out.

5. All those who are likely, through lack of education or ability, to become public charges are done.  Get out.

I'm willing to bet that if you applied a basic merit style set of requirements 90% of the so-called "Dreamers" would fail.  Yes, there are exceptions.  Yes, maybe we should make those exceptions.  But we must not, ever reward lawless behavior with amnesty, especially when that time here has not been spent learning and turning oneself into an American.

You're not a Mexican, or a Guatemalan, or whatever if you want to stay here.  You're an American and you identify as one, which means you've never been seen anywhere near a "La Raza" or other similar gathering, say much less hanging around with those people, or get the **** out.

But even if you pass all of this, which I remind you any legal immigrant is supposed to, there's a further problem.  All these people would be cutting ahead of those who did it right.  A good friend of mine did go through this process, did get naturalized, I know exactly what was expected of her and it was not a simple process by any means.  She now holds a college degree and is a member of the armed forces.  Show me that sort of commitment to this country by any individual "Dreamer" and maybe -- just maybe -- you can make the argument they should be able to stay even though others who are willing to do so are waiting.

But for the rest?  Oh **** no.

Shut the government down and keep it shut down and may God not miss next time with his meteor.

View this entry with comments (opens new window)