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2018-06-19 16:42 by Karl Denninger
in Earnings , 200 references
[Comments enabled]  

They're finished folks.

Not only has the exponential growth curve rolled over but the firm has dedicated itself to pissing off half the potential customer base in the United States by wading into political issues on a repeated basis.

Now "growth" has gone to zero and they are closing stores.

They're gone from a price-maker ("take this and like it, no matter what it costs") to a price-taker.

I just got back from Michigan where there are plenty of Tim Horton's.  They also sell coffee; they're a Canadian chain as opposed to a US one.

Not only is the coffee better -- by a lot -- they're a lot cheaper too.

Why would I pay more and get less, if I have a choice?

These guys are heading to irrelevance -- and ultimately a single-digit stock price.

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2018-06-19 13:04 by Karl Denninger
in POTD , 83 references


Email now to put this on your wall tomorrow!

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2018-06-19 07:00 by Karl Denninger
in Editorial , 191 references
[Comments enabled]  

Oh my Ghod, this man claims a PhD in physics?

In the meantime, Curiosity’s latest discoveries underscore a remarkable reality. Mars, we believe, was once warm, wet, and possibly swarming with elemental life. Today, for various possible reasons, it is frightfully cold, dry, and seemingly lifeless.

At a time when we are arguing about climate change, therefore, NASA’s announcement reminds us that Earth’s warmth is a cosmic blessing – one of the critical fortunes that make it possible for us humans to exist and endure.

A Harvard professor eh?

Nobody who holds a degree from that school will ever work for me in the future as those degrees are now proved worthless.

Folks, we know exactly why Mars is cold, dry and apparently lifeless.

It does not have a molten ferrous core.

It therefore does not generate a magnetosphere,  which is the shield that keeps solar wind, a stream of highly-charged and energetic particles emitted by all stars, from slowly stripping off the atmosphere from the Earth.

Life is possible on Earth because the planet has a molten, ferrous core and our planet rotates.

That rotation in conjunction with the molten iron-bearing core generates the magnetosphere that makes possible life on this rock.  Without it it is an absolute certainty that the atmosphere would be stripped away over time and lost into the depths of space.  All celestial bodies have finite size and mass and absent a collision or other similar event (which is bad, by the way, for anything living on said body) whatever you start with when that body coalesces into existence is all there will be.

There is no mystery as to why Mars has no appreciable atmosphere.  The physics are quite-well understood.

Add this douche-nozzle to the list of alleged letter-spewers who is trying to shove a political agenda, in this case glo-bull warming, down your throat by intentionally making statements he knows are false.  He knows damn well why Mars has no atmosphere and is thus both cold, dry, and apparently lifeless and while you're at it screw Faux Snooz too who either has no editorial department willing to push back on this "opinion piece" or, even worse, they're embracing this act of abject and intentional deception.

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2018-06-18 13:55 by Karl Denninger
in Editorial , 279 references
[Comments enabled]  

The claim that this is all about people "fleeing violence" (domestic, terrorist, gang or otherwise) is a lie.

If that was the primary impetus for these people to "migrate" out of their native lands they would seek asylum at the first reasonable nation they entered -- which would be Mexico for most of them.

They don't do this because Mexico will not give them welfare and other public benefits, and in many cases won't let them in remain at all.

They come here to steal from the public, in short.

But let's assume for the sake of argument that this is not the case -- just for grins and giggles.

Then the question becomes one that's even more-important:

Do you want to accept into this nation people who refuse to fight for their country to remove from it narco-trafficking, gangs and other forms of severe, pervasive violence?

I don't and you shouldn't either because there are already parts of this nation where that sort of violence and outrageous conduct is pervasive -- like San Francisco, parts of Chicago and other cities.

Cut the crap folks -- the immigrants we want are the ones that are willing to take on such challenges and defeat them, and those people have no desire to "migrate" anywhere; they are proud of their homeland and willing to defend it at whatever cost may come.

Those who are not in this group are why these turd-world nations are turd-world in the first place.  They're unwilling to stand up for their own country and for peaceful and prosperous living conditions there.  They're unwilling to fight if necessary and defend their own homeland, which means they're also unwilling to fight for any other nation, including ours.

Those people are by definition the exact opposite of the sort of immigrant that our nation ought to accept.

Now let me tell you what sort of immigrant we should accept and welcome.  I know her, and there are many more like her.  She came here as a child.  She went through the legal process to become a permanent resident -- an arduous process.  She never took a nickel of public assistance.  She studied, made good grades, and ultimately went to college on her own dime.

She applied to be naturalized, which involved multiple years of effort, including learning our Constitution, Bill of Rights, speaking English fluently, paying her taxes in full and submitting proof of same to the INS and proving that she had not become at any point a "public charge."  The examination of all of this was exhaustive, time-consuming and difficult, with utterly no guarantee of success.  Had she cheated, lied or gotten in trouble with the law at any point she would have been turned down and had to leave.

Following all of this, she was sworn in as a citizen.  I was proud to attend her naturalization ceremony, at her invitation.  It was one of the most-moving things I've ever experienced as an adult.

But she wasn't done on that day.

Almost-immediately following all of that she voluntarily joined the military which, as I'm sure you're aware pays far less than the private sector, and now provides medical services to our fighting men and women while wearing our uniform, being both willing and able to defend this nation against any who would attack it -- whether from inside or out should the need arise even though by doing so she intentionally diminished the amount of money she could earn for her own use.

These turd-world "migrants" want only one thing: Our money.  They're lazy and unwilling to bear personal risk to defend their own nation.  They sacrifice nothing and demand everything from others.

They are the exact opposite of those who we should welcome into America.

Every one of those turd-world citizens ought to be sent home, turned back at the border and told to fix their own damn country.  At best we should offer them a rifle and box of ammunition with which to do so -- but never, ever, until they do so should we even contemplate allowing them or any of their progeny in.  They're cowards to an individual and seek only the easy way forward, not the difficult (and dangerous) work of fixing that which they allowed to be broken in their own nation of birth, and in addition they brought more children into the very country they knew was a broken, violent land and yet are unwilling to fix.

You let those people in this country -- any of them -- and the gang-ridden, violent crap going on in cities around the nation today, including places like San Francisco (remember, a "sanctuary city") where illegal invaders shoot citizens with impunity, will expand and engulf this nation -- and when it does it will be your responsibility along with every single one of the politicians urging same.


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2018-06-18 13:15 by Karl Denninger
in POTD , 114 references


Email now to put this unique piece on your wall instead of hers!

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