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2018-02-15 08:46 by Karl Denninger
in Editorial , 914 references
[Comments enabled]  

The usual sycophants are screaming for more gun control immediately, of course.

They are intentionally and maliciously ignoring this:

“I know she had been having some issues with them, especially the older one. He was being a problem. I know he did have some issues and he may have been taking medication.

"Rage Monster" medication?

You know, the same general class of medication that the Columbine shooters -- along with a huge, in fact ridiculously-high percentage of all school shooters between Columbine and today -- were on?

They're called SSRIs and they're dangerous when taken by people under 25.

Why isn't the first line of inquiry finding out if this guy was on a class of drugs -- prescribed -- that are known to cause this behavior in a small percentage of people under the age of 25?  If he was why aren't we holding the physician who prescribed them accountable as having prescribed a drug known to cause violence to someone in the known risk class -- and charging him or her as an accessory to murder before the fact?

I have long held and written in these pages that these drugs should only be prescribed to those under the age of 25 for those in residential facilities where they can be monitored 24x7.  For reasons we do not understand these drugs stop having that side effect in full-fledged adults (although they still are implicated in potentiating suicides), but in teens and young adults they are dangerous in a small but non-zero percentage of those who use them in that they turn the user into a homicidal maniac.

They're handed out like candy for emotional disturbances and there is a very high correlation between people who do these things and their prescribed use.  These drugs may well be useful in an appropriate subset of the population but it simply must not include those under the age of 25 who are not institutionalized.

These sort of incidents essentially never occurred until we started using these drugs in young people.  Then, suddenly, they did.  Depression isn't a new problem that just magically appeared all at once; it's been with mankind since there was mankind.  What changed was the prescribing of these "wonder drugs" and the risk appears to be specifically isolated to teens and near-teens. 

Psychotropic medication, specifically in this case SSRIs, are dangerous in those under the age of 25 in that there is a known small but real risk of them potentiating a "Rage Monster" style attack when given to people in this age group.  This risk is specifically noted in the prescribing information (it notes the possibility of potentiating a mixed/manic state with aggression if given to someone who is both under 25 and bipolar) but we still hand this crap out to kids and near-kids and there appears to be no good way to know who will have that sort of reaction to consuming them in advance.

As study statistics show while the risk is small it's real and when you give these drugs to millions of people in that age group on a statistical basis you are going to wind up creating some number of these monsters.

This crap must be stopped right damn nowHow many rage monsters do we have to create before we ban the prescribing of these drugs to that age group in non-institutional settings and start charging physicians and other 'professionals' who write said scripts with being accessories before the fact to acts of violence perpetrated by their patients if they prescribe them anyway?

While it is not yet confirmed that Cruz was on one of these drugs it's a decent bet he was and you can also bet the media will not dig into it and the FBI and other authorities will try to keep that information from coming out, if it is in fact the case.

This we must not tolerate.

Second, since we're on the subject of the medical "scam" system in this nation and its likely complicity in this event may I note that in the time between the shooting and this morning more Americans died from the medical monopolists in preventable "errors" and in fact more die this way every single day.  Worse, they die after being asset-stripped, in many cases to the tune of hundreds of thousands of dollars, yet not one person is ever charged in such deaths.

Why not?  Those who prescribe SSRIs to teens are not Marcus Welby, they're Josef Mengele -- as are those in the medical system who do things like performing an optional surgery on someone with congestive heart failure, pancreatitis and cirrhosis instead of first draining the tens of pounds of fluid from that person's abdomen, stabilizing those other conditions and demanding the person stop drinking and thus grossly reduce the risk of complications -- complications that in the instant case I'm familiar with did happen, nearly killed said person and ran up a six-figure hospital bill they sent to the taxpayers because they "decided" to do the original operation despite actual knowledge of these co-morbidities and the grossly-increased risk they presented.

When it comes to guns there are 50,000 gun laws on the books.  The Second Amendment says every one of them is unconstitutional but we don't care; we pass them anyway.  They will never stop someone from committing an act like this for the simple reason that someone willing to commit murder does not care how many other laws they violate first.  Adam Lanza killed his mother to get her gun; he clearly did not give a crap about gun laws and neither have any of the others who have done similar things.

Finally, let me note this: Every single cop who showed up did not do so with a baseball bat; they all came with guns.  If we are not going to stop prescribing these drugs to teens and young adults then the only other alternative that will make an actual difference is for damn near every adult in every school and other "soft target" like this must be armed and prepared to offer meaningful resistance if such a jackass shows up.

You do not stop a madman with a gun with harsh language just like you don't stop a charging grizzly bear by talking with it.  

You shoot him.

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2018-02-15 07:00 by Karl Denninger
in Market Musings , 389 references
[Comments enabled]  


I know, the machines yesterday morning made it look like it was all going to crap.

It wasn't -- not yet anyway.

The pattern continues apace that I've seen before -- and so have you, if you weren't sucking down bong hits for the last decade, which, it appears, most of those commenting on the markets have been.

I still maintain that the next month or so, irrespective of the 10 year Treasury (going up!) and irrespective of retail sales (not doing all that well) will be generally positive.

Your level of skepticism should be roughly equivalent to an exponential series, however, starting around the end of March and increasing as the next months roll on.  If not you are at risk of a rather-severe and unwelcome surprise.

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2018-02-14 14:02 by Karl Denninger
in Editorial , 194 references
[Comments enabled]  

Oh please...

The latest twist in the tangled tale of what happened between President Trump and an adult film star more than a decade ago has taken a new turn Tuesday, with Trump’s longtime personal lawyer claiming that he paid the porn star $130,000 out of his own pocket.

This "disclosure" came out of a reply to the FEC that received a complaint from a watchdog group that believed the payment amounted to an illegal campaign contribution (and which would if it flowed through same.)

I ain't buying that what Trump's lawyer is selling, although lying to the FEC would be a felony.  But the idea that even a longtime attorney would pay such an amount out of his or her own pocket just because stretches credibility well beyond the breaking point.

We're not talking about a few shekels here folks; $130 large is quite a lot of money for anyone, including a high-priced lawyer.  As for Cohen's refusal to answer any sort of follow-up questions (such as, for example, whether Trump knew about it) that doesn't surprise me either.

I remind you that the FEC has no authority to go further than investigating whether or not campaign finance laws were broken nor should they.  I also remind you that there is no obligation of anyone to disclose how they spend their money generally, although certainly funds flowing in that amount wind up with tax implications somewhere (whether they're earnings, "gifts", or whatever.)

Do I believe that Mr. Lawyer Dude paid her out of his own pocket?  Yeah, that's probably true, particularly considering that lying to the FEC is a crime and there's a decent chance of getting caught if you lie as well.

But do I believe there was no quid-pro-quo somewhere that was worth more than $130 large to Mr. Lawyer Dude?

Oh hell no.

AP is now reporting that the lady in question now believes her gag agreement is now void since said lawyer has now publicly disclosed the payment.   This could get quite amusing in short order.....

And as for the "gag order" that was allegedly part of the payment I also do not believe that was the first time Stormy Daniels had gagged.

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2018-02-14 11:00 by Karl Denninger
in POTD , 110 references

Some things are not inflated, unlike our CPI.

This would be one of them; email for price and information; this piece is on display at a local gallery at the present time, and is for sale.

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2018-02-14 10:35 by Karl Denninger
in Corruption , 163 references
[Comments enabled]  

Oh please.

Of course on V-day Match is being touted by Cramer and friends on CNBS.

Let's cut the crap; the reality of such "sites" is that men, on average, must send dozens of messages to get even one reply -- and no small part of that is that a huge percentage of messages sent literally go into a black hole.

Women, on the other hand, have a "slightly" different experience.

What's worse is the enormous number of fake or old and unused profiles.  Of course these sites never disclose the statistics on any of that, because just like Facesucker the entire reason for you to sign up is that you believe there are all these thousands if not millions of people who might want to meet you.

Match is not just match either; they have dozens of "disparate" properties, so they say.  Over the last decade or so IAC, which spun off Match as a separate firm, has basically hoovered up all the online dating sites that mattered, forming an effective monopoly on that part of the economy and destroying the business opportunity for those who might want to enter the space.

This leads to the obvious question:  How "disparate" are the various "brands"?  Good question.  The company says it has 7 million paying customers but how many profiles are out there, how many are duplicates automatically copied from one to another (but impossible to get a reply from since the original person is not on the second, third or "N"th site) and how many are either fakes or so old they look like something out of a Pirates of the Caribbean movie character on board The Flying Dutchman?

Am I surprised that their stock is on a tear?  Not at all.  Nobody polices the claims of anyone anymore, and enticing someone to buy something that winds up being a black hole into which one pours time and effort, along with money, and gets nothing back is insanely profitable and makes the stock market go up -- and we know nobody in a regulatory area will do anything that harms that sort of "growth."

Even when blatantly caught cheating, which recently happened at one "Match" property.

I note that Cramer didn't bring that rather clear scam up during the pumpfest appearance this morning, and it has gotten no wide distribution anywhere else in the media either.

Gee, I wonder why.....

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