It's The Final Countdown.... :-)
The Market Ticker - Commentary on The Capital Markets
2016-12-31 22:00 by Karl Denninger
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It's The Final Countdown.... :-)
 

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User Info It's The Final Countdown.... :-) in forum [Market-Ticker]
Tsherry
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Spokane WA
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Now there is an earth shattering kaboom.
Onelegged
Posts: 421
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NW Colorado
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There's another analogy here. After the thing explodes many of the onlookers are still cheering.

Winding it down...

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The light at the end of this tunnel is a train and it's gathering speed.
Tickerguy
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A True American Patriot!
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Quote:
There's another analogy here. After the thing explodes many of the onlookers are still cheering.

Yep... which is why I chose that particular clip...... smiley

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Winding it down.
Frat
Posts: 2065
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NKY
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I figured that's where you were going with this...

... I'm guessing I don't get to find out WHICH kaboom? smiley

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We're ****ed. Where's Henry Bowman when you need him?
Sean
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Yep ...


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GEN 5:32,GEN 7:6, 6/17/1689, 6/17/1789, 10/13/1917, 10/13/2017 (???)
Onelegged
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NW Colorado
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I stood on the shore of Lake Superior and watched the 20+ foot waves the night the Fitzgerald went down. It was quite a sight. Waves that big aren't unusual, but the sound of the wind and the haunting news that came over the radio that night is etched in my head.

Back on topic:I have ground my income down to virtually nothing and when my house sells I will be totally debt free. A potential buyer is driving in from 14 hours away for a second look. He will be here in an hour or so. Fingers and eyes are crossed.

I will be like the crowd in Karl's video, cheering as it goes sky high albeit for a different reason than them.




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The light at the end of this tunnel is a train and it's gathering speed.
Lanny
Posts: 55
Incept: 2010-12-21

Canada
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Great song writer and performer. Maybe good 'ol Gordon Lightfoot can write a song about the financial wreck too.
Ominous words:
"And every man knew, as the Captain did too,
T'was the witch of November come stealing."
...
"Does anyone know where the love of God goes
When the waves turn the minutes to hours"
...
"And all that remains is the faces and the names
Of the wives and the sons and the daughters."
...
Superior, they say, never gives up her dead
When the gales of November come early.

Reason: quotes from Lightfoot's song
Sean
Posts: 2873
Incept: 2009-04-21

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Quote:
Fellas, It's been good to ya."

That's what I forgot include in my above post. (i.e the main point of this ticker.)

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GEN 5:32,GEN 7:6, 6/17/1689, 6/17/1789, 10/13/1917, 10/13/2017 (???)
Gable
Posts: 692
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Retired in NC Mountains
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Through sheer chance I was lucky enough to live in Orlando and my living room window faced the NASA launch pads. From 1985 to 1992 I saw every launch including the Challenger explosion ( I was at work and we went on the roof to see it). Viewed in person at the launch site the launch vibrations of the blast literally shake your body.

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In all of history, no government became more honest, less corrupt, or respected its citizens' rights more as it grew in size. E.L. 2016
Handyone55
Posts: 100
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This reminds me of the nightclub fire in Rhode Island. A band called Great White shot off some kind of pyrotechnic device indoors and set fire to non flame retardent soundproofing foam covering the walls. The audio is chilling: Flames racing up the walls and some doofus saying " Is this part of the show? "

Note to self: Flames and billowing smoke indoors are a Darwin Award invitation. Decline the award by getting out quickly.
Delphis
Posts: 1390
Incept: 2009-06-04

Washington
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Amazing!

I found this synced video...

https://m.youtube.com/watch?v=ABH7itc6e_....

Pretty intense, that amount of energy coning right at you!

Happy New Year, everyone!

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"Two things are infinite: the universe and human stupidity; and I'm not sure about the universe."....Albert Einstein
"Be courteous to all, but intimate with few, and let those few be well tried before you give them your confidence."...George Washington
Spence
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Sean wrote..
Fellas, It's been good to ya."


To know ya.

Quote:
When suppertime came, the old cook came on deck sayin'
Fellas, it's too rough to feed ya
At seven pm a main hatchway caved in, he said
Fellas, it's been good to know ya
Ptjim
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Pacific Northwest
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In May of '73 I was at the Cape to see the launch of the very last Saturn V as it boosted Skylab into orbit - at a location very similar to the one in this video; might have been the same place.

That was something to see; the power knocked many of us to our knees as we took photos and watched. This explosion was undoubtedly more energetic, burning all the fuel in a very short period of time.

Unfortunately, due to failure to deploy a solar panel on Skylab, they scrubbed the crew-capsule launch a few days later, so we missed that one and went to the newly-opened Disney World instead.

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He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance. - The Declaration of Independence
Keenan
Posts: 214
Incept: 2013-01-11

Western PA
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Hmmm... A report which provides some hope ?
This out of New Orleans from this past October:

snip: "A spreadsheet given to FOX 8 News by a pharmacist in the Midwest shows Cigna Health Insurance overcharged at least 70 customers for prescription medication in one month, at just one community pharmacy. The spreadsheet details how the insurance company paid the pharmacist $25 for an acne cream. But Cigna instructed the pharmacist to collect a $187 copay, overcharging the customer $167. That money went right back to Cigna.

"One of the claims that we brought in the case is a RICO case, a racketeering case," says plaintiffs' attorney Craig Raabe. "And part of the racketeering case is a scheme to defraud - essentially an entity is engaging in fraud use through interstate commerce. And that creates the racketeering. So, it's a term of art in what we do, but in common sense terms it's fraud - saying one thing and doing another." A Massachusetts woman filed the class action lawsuit against Cigna at a federal court in Connecticut, where Cigna's corporate headquarters is based."


http://www.fox8live.com/story/33395259/z....

Perhaps the start of a trend ?

Reports of other medical-pharma-insurance chicanery here:
http://ducknetweb.blogspot.com/2016/10/c....

Happy New Year, Ticker readers !
Tickerguy
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That's the causeway, I believe; I had a ticket for there for the last night Shuttle launch courtesy of a TFer. It was ****ing awesome, although we actually drove to see it TWICE; the first launch got scrubbed.


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Winding it down.
Ee4fire
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Washington, DC
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Several years ago I was able to see the last nighttime shuttle launch from about 30 miles north in New Smyrna Beach, FL. From that distance it still lit up the sky like it was daytime. Absolutely stunning.

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(Politicians), 536 commoditized temple monkeys pawing through the ruins of America in search of bribes. (The District of Corruption) works like a vending machine. You put coins in the slot, select your law, and the desired legislation slides out." Fred Reed. Some editting by me.


Spence
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There was a guy on Tucker Carlson tonight, Steven Weissman, who is a former hospital executive. He sent a petition to Trump regarding health care reform, and was focused on price transparency and ending predatory pricing. Seems to be at least part of what you have been covering here. Maybe Trump will see it.

More at this link, including a link to the petition: http://dailycaller.com/2017/01/02/former....

Goforbroke
Posts: 6842
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Weissman gets it from a consumer protection standpoint. He does not address the federal monopoly aspect, though.

http://www.floridabar.org/DIVCOM/JN/JNJo....

Quote:
Healthcare is unaffordable because providers are lawfully permitted to shield themselves from price transparency and, hence, price competition. Transparency is essential to foster a healthy, efficient, free-enterprise marketplace for healthcare. Because healthcare is essential and citizens routinely encounter excessive charges, consumer protections must be enacted. Since health insurance rates are merely a function of underlying medical costs, the way to ameliorate rising insurance rates is to focus on underlying healthcare provider charges and to take the legislative action necessary to create a free and competitive market for healthcare services.

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Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our Light, and not our Darkness, that most frightens us. -- Marianne Williamson
Goforbroke
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And here is his letter to Trump ...

http://dailycaller.com/wp-content/upload....

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Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our Light, and not our Darkness, that most frightens us. -- Marianne Williamson
Tickerguy
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Quote:
Ask the price of any healthcare service and you receive but one answer: What insurance do you have? Billing is determined by how much can be extracted from each patient on a case by case basis.

Hospitalization for chest pain can result in a bill from the same hospital for the same services ranging anywhere from $3,000 to $25,000 or more. A simple blood test for cholesterol can range from $10 to $400 or more at the same lab. Price transparency initiatives are futile when prices may vary by a factor of 100 for the exact same service performed by the same provider. To stop the bleeding, Congress need only require that healthcare providers publish legitimate pricing which means, they can continue to set their own rates, but - a different rate for each patient - must be prohibited.

That's illegal under 15 USC because the only means by which such a system can occur and continue is through collusion.

Further, discrimination against (or for) someone purchasing a good when they are contracting for like kind and quantity and such travels in interstate commerce IS FLAT-OUT ILLEGAL under Robinson-Patman (part of 15 USC.)

Oh, and where did this "suggestion" come from?

Try here, and note the date:

https://market-ticker.org/akcs-www?post=....

Quote:
All health care providers must publish a price list for the procedures and services they offer and the patient must be presented, when possible, with that information before services are performed or goods (e.g. medication) supplied, consenting to the charge in each case. All normal anti-trust provisions with regards to collusion between providers apply. If a physician doesn't like "flat-rate" billing they're free to publish a per-hour fee much like an attorney.

No physician or group may discriminate based on the form of any external payment. If they want to internally finance procedure(s), that's fine - they can charge interest or discount for that, or whatever. But for anyone who pays via any other means (including the government) money is money - the price may not change based on the source of payment.

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Winding it down.
Goforbroke
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Yup.

Have you tried contacting him? I was thinking of doing so to see if he has any colleagues here in Ohio who share his point of view and would be willing to start tackling it within the state legislature.

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Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our Light, and not our Darkness, that most frightens us. -- Marianne Williamson
Tickerguy
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The laws already exist.

Do you really think passing MORE laws will change behavior when what is being done is able to be prosecuted under EXISTING law -- laws that have been on the books for more than 100 years?

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Winding it down.
Rufust445
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Emerald City
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Onelegged wrote..
There's another analogy here. After the thing explodes many of the onlookers are still cheering.

And nearly 31 years ago, after the Challenger exploded, they were still cheering, as if the explosion was a fireworks bonus.

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"The stock market isn't bullish, it's bull$hit." -- Alan King
Goforbroke
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I know. I deserved that. Sorry.

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Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our Light, and not our Darkness, that most frightens us. -- Marianne Williamson
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