The Market Ticker
Commentary on The Capital Markets- Category [Editorial]
Logging in or registering will improve your experience here
Main Navigation
MUST-READ Selection:
Delusion Will Not Get You Hired

Display list of topics

Sarah's Resources You Should See
Sarah's Blog Buy Sarah's Pictures
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.


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.

Considering sending spam? Read this first.

2018-03-13 07:11 by Karl Denninger
in Editorial , 106 references
[Comments enabled]  

This is truly amusing "snooz"....

Allegedly Kudlow, of CNBC "fame", is the front-runner to replace Cohn -- who has "resigned."

Kudlow, of course, is an avowed globalist.  He "hates" the announced tariffs, never mind that other nations tariff the hell out of our products.  Few people know this, but autos headed to Europe pay a 10% tariff -- the other way is ~2%!

Maybe you can tell me why, when Europe and the US have similar labor and environmental standards, our manufacturers should pay 5x what theirs do for the same product?

That just might have something to do with the dearth of US-built vehicles on EU roads!

Kudlow has known Trump a long time, and I guess "friends and family" is an accepted and "ok" point of view on adviser appointments, but quite-honestly I don't think this matters one bit.  Nor do I have any particular belief that Kudlow would be "good" in that position; he's quite-clearly a market crooner and pumper of asset values, which is exactly what Trump wants but exactly what we don't need with systemic leverage and price:sales ratios at or beyond Naz bubble levels.

Then again if he happens to survive for more than a month in the position he might well get to enjoy watching the blowup from the inside, which would certainly warm the cockles of my heart -- especially if he gets blamed for it.

View this entry with comments (opens new window)

2018-03-10 09:25 by Karl Denninger
in Editorial , 166 references
[Comments enabled]  

Trump has "praised" the blatantly unconstitutional gun control law just passed (and signed) by the state of Florida.  The NRA has sued, and I predict they will win.

The "law" is blatantly unconstitutional and thus no law at all, according to the US Supreme Court (118 US 425):

An unconstitutional act is not a law; it confers no rights; it imposes no duties; it affords no protection; it creates no office; it is in legal contemplation as inoperative as though it had never been passed.

And this means any attempt to "enforce" same is not a law enforcement action at all, but rather are the acts of a gang of armed thugs -- and I'm sure you can figure out the rest.

Now of course if you actually take the obvious course of action that one would expect when said gang of armed thugs attempt an assault you will almost-certainly be killed; the NRA's choice to sue instead of calling for mass-disobedience doesn't come with the near-certainty of immediate death.  This does not, however, change the Supreme Court's true statement on the facts.

That state agencies and instrumentalities choose to violate the Constitution with wild abandon and take reactionary measures without the full facts being in possession even by them, say much less by the public so an honest debate can be had, is nothing new.  In fact it's utterly commonplace.  I've outlined hundreds of such instances in these pages since 2007.  So are official coverups of malfeasance or worse by various state and local agencies, including those already known in this specific instance.

However, for a sitting President to cheer on such lawless behavior is another matter.  Sure, we've had Presidents that have engaged in such personally before when it comes to various matter of policy but this is quite a new and outrageous act.

I've opined here that it would be unconstitutional for Mueller to indict Trump.  My opinion has changed: I no longer care.

Trump has taken upon himself to cheer wanton and outrageous violations of the Constitution by a State -- an act that is a direct violation of his oath of office. Indeed, he had a duty to direct Sessions to sue Florida and seek an immediate injunction himself, not the other way around.

For this reason Trump's presidency (with a little "p" from here on) must be destroyed -- and I no longer care if the means of doing so is Constitutional or not.  A person who declares that the Constitution's highest and best purpose is to wrap fish no longer has standing to rely on its defenses.

Therefore I want to see Mueller indict him and every single member of his family and close associates.  All of them.  I don't care if said indictments are Constitutional or not with regard to Trump himself, or for that matter, with regard to anyone else.  I further want to see the Democrats win the House and halt all action in the Congress except to debate and hear endless bills of impeachment.

In short I no longer care how he is forced from office -- I just care that he is. Before the Constitution nothing else may be placed.  Not jobs, not trade, not anything.  If you're willing to place Trump before the Constitution and ignore his intentional pissing on same then you have no place on my forum, no place in my life, and no place in association with myself in any capacity.  You're free to disagree, of course, but for those who do I have two words for you: Get out.

I'll revise my opinion when we have a head of the Executive that actually respects both his or her oath of office and the Constitution -- and not one second before.

View this entry with comments (opens new window)

2018-03-09 18:00 by Karl Denninger
in Editorial , 142 references
[Comments enabled]  

Here we go again...

CDC’s latest Vital Signs report found that in just over a year, emergency department visits for suspected opioid overdoses increased 30 percent in all parts of the U.S. The most dramatic increase was in the Midwest, which saw a 70 percent jump in opioid overdoses.

First, you allowed drug companies to sell billions of product of questionable (at best) efficacy with known severe, life-threatening side effects.  Then you promoted a drug war along with the rest of the Federal Government that destroyed the ability of people who were addicted to get product of known quality and potency, making overdoses inevitable.  And finally, you and the rest whine about not only the deaths that were utterly expected given your actions and the violence that has been brought by same and claim you know "what to do next."

Well, you created the problem.  I hope you're happy with it.  Tens of thousands of dead Americans -- from the drugs alone, never mind all the homicides from the drug dealers shooting at each other (and they suck as marksmen too which means they hit innocents all the time by accident) is a body count that you're directly responsible for.

Oh, I know, you'll say it's not you because you're "just" the CDC.  Well, last time I checked the CDC was part of the Feral Government, so you can go join Jeff Sessions, the DEA and the rest of the evil bastards that have run this crap over the last 30+ years, never mind the pharma lobby.

Death, after all, sells big government and a jackbooted response.  Just like it did with Parkland, where a minuscule fraction of 1% (about 0.0033% in fact) abuse rate for a legal, common device has led to calls for banning same never mind that the Constitution says you can't.  That hasn't bothered anyone before and won't this time, right up until some group of Americans decide they've had enough and then things are going to get really nasty.

When will that day come?  Who knows.  Maybe never.  Maybe the American public will march right into the "showers" and let the door be bolted...... 

It's happened before, you know....

View this entry with comments (opens new window)

2018-03-07 17:00 by Karl Denninger
in Editorial , 191 references
[Comments enabled]  

Seems that going to visit this kid in the hospital didn't work, did it Mr. Jackass Sheriff.....

Anthony Borges, 15, who courageously used his body as a human shield to protect other students when the shooter targeted them, getting hit with five bullets and winding up with injuries so severe that he cannot walk, has joined his family to file suit against the Broward County sheriff's office, the school resource officer, the Broward County school system and the principal at Marjory Stoneman Douglas High School. Borges was hit by bullets twice in his right leg, once in his left leg and twice in his torso.


If you recall the Sheriff took "special care" to visit this kid in the hospital.  At the time he was fully aware that he, and the rest of the authorities, had willfully and intentionally ignored multiple criminal acts by the shooter that, had he acted, would have led him to be either incarcerated or put under psychiatric hold -- either of which would have prevented the shooting.

Good for this kid and his family.  May he ram a big one up both the Sheriff's butthole and that of the school district.

View this entry with comments (opens new window)

2018-03-06 18:49 by Karl Denninger
in Editorial , 341 references
[Comments enabled]  

Not ready?

Didn't stockpile anything?

Tough ****.  May you freeze to death.


View this entry with comments (opens new window)