The Market Ticker
Commentary on The Capital Markets

If only, the lament goes:

In predominantly African-American neighborhoods of U.S. cities, far too many killers have gotten away with far too many crimes for far too long, fueling a disastrous murder epidemic. Solving these murders and other serious crimes of violence in black communities should be a top goal for law enforcement—and it deserves to take priority over much more widely discussed issues such as racial profiling and the excessive use of force by police in black neighborhoods, from Ferguson to Staten Island.

Ah, but you see choking and shooting unarmed men is easy.  It requires no courage, no thought and certainly no "policing."  It's simple -- choke him or shoot him.  The End.

Now take a person wanted for murder.  That's a different matter.  Now there's risk -- the suspect might shoot back! So what do we do then?  Why, we throw a bomb wherever the suspect might be (note, not "is known to be") or, if that's inconvenient then you burn the place to the ground (Waco anyone?)

Consider this -- nearly every time someone is wanted, even for murder, they can be easily captured without violence.

Why?  Because damn few people can remain "switched on" forever and most thugs aren't "switched on" at all.  The suspect comes out, goes to the store for a six pack of beer, and oops -- he leaves his rear unguarded.  Cop steps out from behind him, with another cop at an elevated location with a bead on him and the cop behind him says in a nice loud voice: "Put up your hands, you're under arrest -- and oh by the way, a police sniper has a nice red dot on your chest!"

If the suspect turns or tries to go for a gun, he gets shot -- and that's perfectly justified.  Such a capture scenario also has a near-zero chance of harming anyone else -- like innocent people in the vicinity.

But that takes time.  You have to think out the scenario, figure out where to put the officers, stake the place out and generally use your head.  You have to do police work, in short, with the key word being work.

So instead you throw bombs.  You shoot people "preemptively."  You charge in with 20 officers in a "breach", all in body armor with guns at-the-ready and if anything moves, you shoot it whether it's the suspect going for a weapon or it's a grandmother who has absolutely nothing to do with the raid -- in what might be the wrong house.

See, the real problem with inner-city policing is that handing out tickets by the tens of thousands for having an open beer in the street is trivially easy while running down murderers, assault perpetrators and rapists is hard.

You also don't make any money for the city running down murderers and rapists while writing bull**** tickets by the tens of thousands makes the city millions of dollars -- and of course, we know all about those cop pensions and the need to fund them, right?


Impunity for murder,******and serious assault exists because the cops have demonstrated that they are fundamentally lazy and a bunch of cowards, and are either mentally incapable or unwilling to expend the effort to run down, stake out and peacefully arrest these predators.

They all deserve to be fired -- but until the public as a whole stands up and demands their firing I'll settle for shunning any that have not individually and personally demonstrated that they do not fit that general mold.

View this entry with comments (registration required to post)

Would someone mind telling me what purpose being anything other a maximally-exploitive ******* is given the following sort of story -- the lack of immediate judicial reaction to it?

Here, an 18-year-old woman from the Great Lakes region describes her romantic relationship of almost two years with the biological father she met after 12 years of estrangement.

This is filed under The Science of Us.  Uh huh.

It tells a tale of a girl abandoned by her biological father, and with a seriously-unstable mother; she not only emotionally blew up immediately following the girl's birth but remained that way throughout her childhood.

This is a young woman with serious abandonment issues and more than a bit of magical thinking thrown in.  Among other things she claims all the potential suitors during her teen years were "heroin abusers."  I doubt it; while it may be true that all of the people she associated with had serious drug problems that certainly wasn't the entire count of male associates available to her -- just the ones she decided were "good enough" (or, more to the point, the converse.)

Here's just a small example from the article:

Near the end of the time my parents had joint custody of me I had a stepdad. He took good care of my mom but she went through one of her stages again, so it ended. She had another husband who went crazy and tried to kill her. He was schizophrenic. Then she got with my brother’s dad and they dated for a while but when my brother was born the dad didn’t want anything to do with him, so I helped my mom raise him. Once he was about 3 she got together with my current stepdad and had my baby sister. My brother and I are 9 years apart and my sister is 12 years younger than me. I think of them as my brother and sister, and I also think of them as my babies because I helped raise them.

There's much more but I strongly recommend not reading this article unless you have a monstrously-strong stomach.

Look, at 18 you're free to do pretty much whatever you want; I understand that.  But there are still limits, and irrespective of that this article documents an incestuous and blatantly sexual father-daughter relationship when the girl was 16.  That's a crime (and a serious one) everywhere in the United States, with good reason: There is inherently a serious power imbalance in such a relationship, never mind the potential genetic problems raised.

The writer at this paper speaks of Genetic Sexual Attraction as if there's something "scientific" about that.

Well, duh -- you have the same genes!

See, here's the thing -- what usually happens is that about 10 seconds after birth you see and hold that child and everything changes.  I don't know why it changes, but I do know (as a man) that it does.  I suspect in people with normal emotional responses it changes if you're a woman too, and probably before birth (for the same sort of reason.)

This is probably why true sexual assault between biological fathers and their kids, even among those who assault adult women, is extremely rare.  That natural inhibitory response turns "hmmm" into "oh yuck" instantly.  There's a very good evolutionary reason for this from a genetic perspective; you want the physically stronger gender to be naturally protective of his offspring, not exploiting them for sexual pleasure.

The concept of "consensual incest" is raised in this article and paraded around in this respect.  I ain't buying it.  Consent may be legally possible at 18 unless you're clinically insane but it is psychologically impossible if you're chasing demons of the sort that this gal volunteers throughout the article.

Further, there are other problems with the story -- this gal claims to recall in detail events that happened when she was 2 to 4.  I ain't buying that either.  Traumatic events at 4 or 5, sure.  Vague recollections of bad things (or really good things)?  Yes.  But fine details at that age?  I ain't buying that and you shouldn't either; she was told certain things happened and instead of relating them as "I was told that..." she has internalized those alleged events as her own.  That's bad; separation of what you are told and choose to believe is true from what you actually recall as having happened is one very, very important mental development that must occur before you can make logical and reasonable decisions.

In the end this is a young woman who was missing something very important -- love -- when she was growing up.  The sperm donor who assisted in manufacturing her slept with her while in his girlfriend's house.  It sounds to me like nothing has materially changed for him in the intervening years and he knew exactly which buttons to push to get what he wants.

Do I believe the story?  Maybe.  It's credible in a number of ways, and in others my "BS" alarm is going off.  So I'll reserve judgement on the possibility that this is all made up in an attempt to press a political agenda of attempting to get people to see the outrageous and destructive as "normal" (gee, we haven't seen that before with other various "lifestyle choices", have we?)

But there is one impossible-to-avoid aspect of this if the story is in fact real, and that is the admission of a serious felony (on the father's part) when the girl was 16, no matter where they were in the United States.  I do not believe there is any state where such an act is legal.  And while you're entitled to do all the dumb things you want due your lack of insight when you're of age, and suffer the consequences of doing so, this is not true when you're a minor.

So where are, may I ask, the cops?

Whether you think it should be so or not, it isn't -- and frankly, while I abhor "intervention" by the authorities in the consensual affairs of adults I draw the line when consent is not freely given, and while being ****ed in the head as an adult is your own problem until and unless it reaches a very serious degree (at which point you're adjudicated incompetent by a court) this is not true for someone under the age of 18 as she was when this "relationship" began.

Societies are defined in many ways by whether they protect those who are unable to protect themselves.

Think about it.

View this entry with comments (registration required to post)

Uh huh....

DAVOS, Switzerland (AP) — Violent extremists who are killing children and others in Iraq, Syria, Nigeria and other parts of the world may cite Islam as a justification, but the West should be careful about calling them Islamic radicals, Secretary of State John Kerry told an audience of opinion leaders Friday at the World Economic Forum.

Utter nonsense.

I challenge sKerry to categorize terrorism over the last 20 years into two buckets: Islamic and not-Islamic.

Oh by the way, screaming "Allah Akhbar!" as you murder people defines your act as Islamic terrorism.


Our biggest challenge in this country and indeed worldwide is our refusal to call things what they are.

You cannot confront a challenge in your life or in your society until you name it what it is.

"We will certainly not defeat our foes by vilifying potential partners," the top U.S. diplomat said. "We may very well fuel the very fires that we want to put out."

We have no partner in any nation or group that refuses to confront the truth.  Indeed, what we're likely doing is contributing assistance to the very people who want to kill us simply because we refuse to submit to their twisted, sick view in which absolute adherence to their "belief system" is the only means by which you are allowed to live.

View this entry with comments (registration required to post)

Sometimes I wonder if people can read for content and understand the points being made by those with material cognitive power.  John Chen clearly has cognitive power.  Forbes' writers?  Maybe not.

BlackBerry’s CEO John Chen has taken to the BlackBerry Blog with a courageous call to President Barack Obam, FCC Chairman Tom Wheeler, and a number of Congressional committee members, to extend the idea of Net Neutrality to the mobile application space and force companies to provide their applications and services to every mobile platform.

This is not the answer to the ‘app gap‘ that niche platforms such as Windows Phone, Sailfish OS, Ubunutu Mobile, and Blackberry’s own BB10. If this were to become law, it would stifle creatively, entrepreneurs in the mobile space, and decimate the ability to release applications to a few well-funded companies with legions of developers.

Ah, but you see, this is really the same issue as the "pipe" argument that everyone wishes to raise, except that it is in many ways more salient than pipes.

Why?  Because exclusion is exclusion and nobody is actually talking "exclusion" at the pipe level.

Well, not most of the time.

But let's say you have some "dominant" app in a given space.  And then let's say there is some new operating environment for, say, smartphones.

The same argument rears its head here just as it does to the so-called neutrality argument on traffic -- except that it actually applies in the case of "ecosystems" where when it comes to traffic it does not!


That's simple: A new technology or application that uses bandwidth makes no material impact on internet provider infrastructures until and unless it becomes successful.

It is at that point said new application also has the potential to generate enough revenue to pay for better delivery; interconnection, private network development, paid transport or all of the above.

When it comes to a new app, however, discriminatory development means that certain customers and certain operating environments are instantly and permanently locked out -- not later on in the cycle when the app has proven itself via consumer adoption but right at the outset!  That's because it is the application that becomes popular but the environment may or may not.

However, when you get down to it, I don't think Chen was actually arguing for forcing application developers to develop for, and run on, all platforms at once.

do believe, however, he was pointing out the farcical nature of the so-called "net neutrality" argument -- as a guy who actually understands how the Internet operates.

Forbes, like a few others, simply missed the point.  They failed to engage their brainpower (what little there might be), mostly because they, like so many others, have been spouting off about these topics without understanding what they're talking about.

Perhaps they ought to try speaking with someone who has actually run an ISP, starting from his or her literal closet, into a regional (or larger) provider of connectivity.

Then they might get it.

If, and only if, they don't let their political ideology get in the way.

View this entry with comments (registration required to post)

Here's the bottom line:

The Nasa climate scientists who claimed 2014 set a new record for global warmth last night admitted they were only 38 per cent sure this was true.  Yesterday it emerged that GISS’s analysis – based on readings from more than 3,000 measuring stations worldwide – is subject to a margin of error. Nasa admits this means it is far from certain that 2014 set a record at all. –David Rose, Mail on Sunday, 18 January 2015

The problem in a nutshell is that all measurements have an uncertainty. 

When you ask someone what their weight is and they say "161 lbs" they're not giving you a scientific answer.  You know that their body mass is somewhere around 161 lbs, but not how close it actually is.

In order to know that you need to know how good the scale is.  For example, my scale weighs down to "tenths", allegedly, but it is an assumption that it is actually accurate to 1 count - that is, that it can accurately distinguish between 161.1 and 161.2.  In point of fact I know this not to be true, because I have stepped on it and had it read "155.2" and then, two minutes later, have it read "154.5"!


The problem with the claim of "hottest year on record" is the same; the uncertainty is materially higher than the change reported!

The bigger issue is the so-called pause; that wasn't supposed to happen at all, as the so-called "models" had claimed it wouldn't -- that we'd see rapidly and continually-increasing temperatures.

We now know, factually, that the so-called "models" are trash; there is a 15-year unbroken record of them being wrong!

The take-away is this: Any claimed scientific measurement without an uncertainty is intentionally deceptive.  The scientists always have the uncertainty values; the only reason to conceal them is to mislead you!

Will you stop being stupid in believing this crap now or will it require a nice fat reversal, which incidentally will cause much more human misery (by depressing crop yields) than warming ever could, before you stop believing the politically-inspired BS and their parasitic sucking on your tax dollars?

View this entry with comments (registration required to post)

Main Navigation
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.