The Market Ticker
Commentary on The Capital Markets
2015-08-29 09:09 by Karl Denninger
in Politics , 37 references

and amusingly relevant given the outrageous offshoring of recent years...

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2015-08-29 06:00 by Karl Denninger
in Editorial , 131 references

This nation is out of its collective mind.

The spotlight and the magnifying glass have been on tech companies' dismal diversity numbers for the past year.

Hiring diverse candidates shouldn’t have to be a struggle. Yet, the latest numbers from companies like Facebook and Intel show that the needle is barely moving.

As a result, there's a new position in fashion within tech company c-suites: say hello to the head of diversity.

Who gives a crap about diversity.  Hiring is about exactly one thing -- finding the best candidate for the job.


Anything else makes you a sub-par performer in the end, and that means the shark eats you.

I don't give a flying **** what anyone thinks about such horsecrap.  It means exactly zero, other than political correctness at the expense of operating efficiency and, I might add, both revenue and profits.

Any business that has such a position is one that I will not patronize if I have alternatives, because that firm has already demonstrated by its actions that excellence is not in its DNA -- instead, it is far more worried about whether there is "diversity."

Well, my money gets spent where I get the best bang for my buck, and that's never where "diversity" is valued first, or even at all.  No, what I value is efficiency and excellence, and I don't give a damn about anyone's race, color, creed or anything else -- only that they are the best candidate for whatever position is in question.

If that's not your view then get the hell off my lawn.

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2015-08-28 10:00 by Karl Denninger
in Editorial , 234 references

I ain't skeered of no little tropical storm.


Yes, it's a storm. But it's headed straight for Hispaniola, which is notorious for ripping tropical systems to shreds as a result of terrain.  It's going to suck if you're on that island, as it has for those on Dominica -- but not due to winds, but rather extreme rainfall amounts that produce life-threatening flooding.

I suspect come early next week Florida is going to get swatted with a serious rain event, and the Tampa area, in particular, doesn't need it as it's been flat-out inundated with rain the last month or so.

But unless something dramatic changes in the next few days I don't expect Erika to be much of a bitch when it comes to the United States.

For those in Hispaniola in her path, on the other hand, particularly those who are susceptible to flooding and mudslides, may God be with you.

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2015-08-28 07:56 by Karl Denninger
in Other Voices , 484 references

Needs no comment as it speaks for itself.....

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2015-08-28 07:00 by Karl Denninger
in 2ndAmendment , 393 references

When you're right -- you're right.

Donald Trump says the fatal shooting of two journalists on live televisionshould not be seen as another example of America’s problem with gun violence.

“This isn’t a gun problem — this is a mental problem,” Trump said on CNN’s “New Day” on Thursday, a day after WDBJ-TV reporter Alison Parker and her cameraman, Adam Ward, were killed in Virginia by a gunman who was fired from the station in 2013. “It’s not a question of the laws. It’s really the people.”

We used to have real no-BS mental institutions where people like this could get actual help.  Yes, some of what happened in those institutions was outrageous -- but not all of it, and some of the people who were institutionalized really did need to be.

We decided, as a society, that we were a "kinder, gentler place."  Unfortunately those who are insane didn't share that change in worldview -- they were and are still nuts.


Nonetheless, Trump suggested, Flanagan’s victims might have been able to save themselves had they been armed.

“I’m very much into the Second Amendment,” Trump said. “You need protection.”

“You’re not going to get rid of all guns,” he added. “If you tried to do it, the bad guys would have them … and the good folks who abide by the law would be hopeless.”


And that's the problem with so-called "gun control" -- the lawbreakers, whether just plain criminal or flatly insane, don't give a damn about the law.  That's the entire point of why we call their acts "crimes"; were they to give a damn the problem wouldn't exist.

It sucks that there is a certain percentage of people who are violent jackasses but you can't change that, nor can you change their willingness to break the law up front, including acquiring weaponry of various sorts.  All you can do is give people the tools to be able to protect themselves if the worst comes to pass -- and the closer the ability to mount a defense is when necessary the better the odds of success.

It is for this reason that I support the original intent of the founders when it comes to firearms and advocate strongly for the 2nd Amendment meaning exactly what it says -- it is your right to keep and bear arms as your conscience directs.  The very premise of a "permit" violates that right and as such those structures and laws are unsupportable as they criminalize acts that harm no person or property.

It is only your abuse of said right, defined as your actual assault, battery or injury to another person or property through other than a legitimate defensive act, that should be considered a crime.

It appears that of the current candidates Trump has come closest, thus far, to staking out that position.

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