Woefully Unprepared? YOU Destroyed It!
The Market Ticker - Commentary on The Capital Markets
Logging in or registering will improve your experience here
Main Navigation
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.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

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.

2018-06-30 10:16 by Karl Denninger
in Editorial , 164 references Ignore this thread
Woefully Unprepared? YOU Destroyed It!
[Comments enabled]

This is just plain old-fashioned CRAP.

So here’s a logical follow-up question: Why don’t young women understand what children, babies in particular, need? And why do they assume they’ll be just as career-driven in their thirties as they were in their twenties?

I’ll answer those questions with two more questions: Why wouldn’t modern women be in the dark about motherhood? And why wouldn’t they assume they’d never leave the workforce?

Since the day they were born, college-bound women have been groomed for a life at the office rather than for a life at home. No one told them their priorities will shift down the line. No one told them how overwhelming motherhood is without a career, let alone with one. Most importantly, no one told them how joyful motherhood can be.

Really?

Who pushed this mantra?  What are you doing on The View, Fox & Friends and elsewhere?

Let me tell you where the real problem is, and it's not attitude.

It's the left's and right's obsession with so-called "success" and the ratchet job that it has promoted, endorsed and in fact demanded in our society.

What's a "ratchet job"?

It's why you can't buy a house and raise a family of four on one income virtually anywhere -- unless you have a six-figure+ income, and then a low six figure income is only enough in a few parts of the country!  Don't try it in San Francisco, Chicago or New York -- at least not if you want to actually have some resemblance of a normal life.  In other words, you don't want to live somewhere that drive-by shootings and junkies shooting up on the streetcorner are considered "normal."

It's why a car has a median sales price today of over $33,000 -- which, I might remind you, is more than a year's pretax salary for someone making $15/hour!

It's why an ordinary, vaginal delivery of a baby costs over $10,000 virtually everywhere in America today.  A simple mathematical inflation adjustment of the cost of same from the year of my birth to today would result in a market price of one tenth that amount.  If you want women to embrace being mothers perhaps locking up those who extort the other $9,000 from them and their partners might be a good place to start.

And it's why Terminix thinks it's perfectly-fine to raise their annual price by 30% (which they just did) and at the same time drugmakers have raised prices by tens of thousands of percent.

Between the demands for free stuff along with monopoly protections on one hand and the so-called free market (including the ability to offshore labor under slave conditions) on the other, and the obsession for "stawk prices" as the measure of "success", never mind willful and intentional refusal to address countless violations of long-standing law, without which those monopoly protections and slave labor offshoring could not occur you wind up with utterly no means for what you claim women should be "thinking of" to work for 99% of the women in the country.

In short the lament is vapid and ridiculous until and unless the underlying issues are addressed, which will means a collapse of "market values" (in houses, health care, stock prices, and a whole bunch of other things) back to something resembling reasonable.  And the only way to get there is to enforce the law against the monopolists and modern-day slave labor exploiters who wish to operate in or sell to anyone in the United States or force them to pay tariffs high enough to cover the costs of everyone they displace.

Let me know when you're ready to talk about WHY the situation exists we have today instead of pimping a book.

Until then you may rightly **** off.

Go to responses (registration required to post)
 

 
Comments.......
User: Not logged on
Login Register Top Blog Top Blog Topics FAQ
User Info Woefully Unprepared? YOU Destroyed It! in forum [Market-Ticker]
Thethinman
Posts: 3
Incept: 2017-11-08

Colorado Springs Colorado
Report This As A Bad Post Add To Your Ignored User List
"From Under the Rubble" ISBN 0-89526-890-6
THE SMATTERERS by Alexander Solzhenitsyn pp 276

We all work in different fields and move in different walks of life. Those who work in the humanities and all who are studying find themselves much more profoundly and inextricably involved in lying and participating in the lie they are fenced about by layer after layer of lies. In the technical sciences it can be more ingeniously avoided, but even so one cannot escape daily entering some door, attending some meeting, putting ones signature to something or undertaking some obligation which is a cowardly submission to the lie. The lie surrounds us at work, on our way to work, in our leisure pursuits in everything we see, hear and read.

And just as varied as the forms of the lie are the forms of rejecting it. Whoever steels his heart and opens his eyes to the tentacles of the lie will in each situation, every day and every hour, realize what he must do.
Flappingeagle
Posts: 2815
Incept: 2011-04-14

Report This As A Bad Post Add To Your Ignored User List
The Compete, Compete, Compete mantra seemed bogus to me 40 years ago and as I got older I realized just how bogus it really is. Completely unfulfilling and soul-emptying. One thing I struggle with daily is how to instill in my teenager the balance between possessions versus self versus others.

Many people are starting to (finally) articulate that most of life is about your small group relationship and how you are perceived in those small groups. Groups such as family, neighborhood, work, and local church. If you want to see it in some Youtube videos both Charles Murray and Nassim Taleb mention it among others.

Flap

----------
Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
No sign that housing, equities, or farmland are in a bubble- Yellen 11/14/13
Trying to leave the Rat Race to the rats...
Kareninca
Posts: 256
Incept: 2011-08-23

Report This As A Bad Post Add To Your Ignored User List
I have a friend who is 75 y.o.. When she gets together with her granddaughter, who is about 11 y.o., she has the girl play "Office." Together they write up a business proposal, and memos, and give presentations, and hold meetings. She's been doing this for years with her. This just seems repulsive to me. It's not that she needs to foist dolls on her, but why not play "Forest Ranger"? Or "Farmer"? Or "Chef?" Or "Hacker"? I have a feeling that she's not going to have to worry about the expense of great grandkids, with this system.

My parents, also in their 70s, always made it clear that they thought that grandchildren were not of much interest to them. They had me and my brother by accident, and have always been very devoted to us, but only recently, and briefly, have they been even mildly interested in the possibility of grandchildren. And by that point of course it was too late.

In my entire life, I have never heard a female relative say anything positive to me about the experience of having or raising kids. They were all very responsible about it when it when it happened to them, but not one of them ever, ever said (in my hearing) that it was a plus for them. They didn't complain, but they did not express happiness about it. My mother-in-law spent loads of time ranting about how terrible it was to have kids because they were indifferent ingrates who drained one of everything. I remember her doing that in my father-in-law's hearing and seeing a kind of sick expression on his face; he could tell her rants were having an effect. Oddly enough she did not end up with grandchildren.

So, if anyone out there wants grandkids, I would advise telling your kids that parenting is a rewarding experience and that you would love to have grandkids and would cherish them. It may not do the trick, but if you don't do it you may regret it. Of course, if you are a normal human being, you are probably doing that anyway.

Money is the important thing here, it is true. Far more women would be having kids now if it weren't for costs being so artificially high. But a culture that has gone awry can have an effect around the edges.
Kareninca
Posts: 256
Incept: 2011-08-23

Report This As A Bad Post Add To Your Ignored User List
I also have a neighbor who is in her late 20s. When she had her daughter about six years ago, she was married (actually they married after the birth, and were only married briefly). She had no good job prospects; she was a college drop out. Her husband had an adequate job and her parents are rich. She could have stayed home with the kid, at least for a little while. But she put her in day care at six months and there the kid stayed. There was no economic need for it at all; her parents were actually eager to help with money if she stayed home and encouraged her to stay home for at least the first year. But it just seemed too weird to her to stay home with a kid, even though she does seem to care a great deal for her. She then went out and got crap jobs that in no way covered the cost of day care.
Tickerguy
Posts: 153516
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
@Kareninca - A LOT of mothers do this and they all rationalize it as "socialization."

Bull****. Ever been in a daycare full of young kids? The people tending the kids have as their highest and greatest calling attempting to prevent the children from braining one another with toy dinosaurs.

I'm only half-joking -- there is utterly no socialization value to it whatsoever. But you would not BELIEVE the number of so-called "professionals" that will advise this.

----------
Winding it down.
Flappingeagle
Posts: 2815
Incept: 2011-04-14

Report This As A Bad Post Add To Your Ignored User List
Quote:
I'm only half-joking -- there is utterly no socialization value to it whatsoever.

Exactly.

I always thought "socialized for what"? You really spend about 10 years as a "kid" then you are transitioning into adulthood. The real socialization is socializing your kid into how to work and behave in society as an adult. You do that by modeling it and talking about it to your kids. Playing with other kids is just that, playing.

Flap

----------
Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
No sign that housing, equities, or farmland are in a bubble- Yellen 11/14/13
Trying to leave the Rat Race to the rats...
Ckaminski
Posts: 4732
Incept: 2011-04-08

Mass-Hole!
Report This As A Bad Post Add To Your Ignored User List
Quote:
I would advise telling your kids that parenting is a rewarding experience and that you would love to have grandkids and would cherish them.


Knowing what I know now, I wish I had had kids earlier in life. But at 40+ no way am I starting out fresh.

Girls who wait as long as I have are insane. I got mostly grown kids through the GF, and there won't be any more.

Don't get me started on the whole socialization thing about school. What a farce that non-sense is. Socialize your kid in a prison-like environment? Sure... go ahead. I've seen the modern results. No thanks.
Tinman
Posts: 319
Incept: 2008-02-16

Report This As A Bad Post Add To Your Ignored User List
I can't afford to have children. I have to support the three kids next door and the five behind me in line at the supermarket with an EBT card. I'll take my DNA to the grave. You all don't deserve it anyway.
Wa9jml
Posts: 171
Incept: 2017-04-29

DeKalb, Illinois
Report This As A Bad Post Add To Your Ignored User List
Daycare is also a superior disease vector to most rodents.
Flappingeagle
Posts: 2815
Incept: 2011-04-14

Report This As A Bad Post Add To Your Ignored User List
Quote:
But at 40+ no way am I starting out fresh.

What not? I know several guys who fathered kids in their 50's. If you have a suitable and willing female produce one or two. You are most likely planning on working until retirement age anyway and by now you should have lots of useful information to pass on and a very good maturity as well.

FWIW, I was 39 when my first was born and it has worked out well for me. In fact, it is the greatest thing ever being a Dad.

Flap

----------
Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
No sign that housing, equities, or farmland are in a bubble- Yellen 11/14/13
Trying to leave the Rat Race to the rats...
Asimov
Posts: 109926
Incept: 2007-08-26

East Tennessee Eastern Time
Report This As A Bad Post Add To Your Ignored User List
I had just turned 40 with my first and was about to turn 42 with my second.

They're about to turn 4 and 6 now.

My SO has one that's 17 and one that's 24.

Quote:
In fact, it is the greatest thing ever being a Dad.


Finally get to find out what life is actually about, eh? I'm glad I did before it was too late.

----------
It's justifiably immoral to deal morally with an immoral entity.

Festina lente.
Whitehat
Posts: 549
Incept: 2017-06-27

The People's Republic of New York
Report This As A Bad Post Add To Your Ignored User List
there are so many insidious effects of the inflationary situation that we created. a personal favorite is when one is watching some documentary that discusses a great construction accomplishment such as a tunnel, building even a ship and the next phrase is that we could not afford to build such a thing today. ****ing why with all of the wealth we supposedly have in the world. it is why seeing preserved examples of the past is so depressing as the quality, materials and craftsmanship lavished on things will never be seen again. not to say that sometimes we develop better or very nice materials, but more often then not, one can see the lack of better and stronger. the carpenters building a working class person's house would at the finish and trim stage use fine hardwood to complete multi piece elaborate windows, doors and moldings. even simple trim was better quality. old bathrooms were full mud-jobs that when still present now are completely serviceable and easily repairable.

i think that family life and working are in a similar situation. we do not know what good is anymore as it is not affordable. oh, BTW, the majority of women worked in all of the classes save the upper class prior to the late 1950's. and for the full time homemaker, there was a constant amount of rather difficult work. communities and families were more stable, because people could afford to live, children were close by to family members who were working, often there with them, and no one would consider psychologically damaging a child by sending him to an asylum while still a toddler. in fact people rioted over the concept of mandatory schooling. children raised around adults are not subject to the lord of the flies, group psychology of a youth culture and begin to think like adults at an earlier age. they are not to be new fodder for marketing firms who target them through viral means in schools via their friends and teachers, that's you fApple.

real examples exist of men who while working long hours at often difficult jobs would in the off time take a small gig on the side and do something say, buy a house cash, start a business, purchase an investment property. my family has these stories written down and other families that i know did the same. people are avoiding work now as there is little reward other than surviving for the vast majority and they are one little glitch away from everything getting ****ed up and you better swallow everything the system gives you and not say a word. does this sound motivating. we have hyper competition for a result that is not worthwhile.

----------
There are two ways to be rich: One is by acquiring much, and the other is by desiring little.
snow, seasons, distance and dirt roads: SSDD
"Be not deceived; God is not mocked; for whatsoever a man soweth, that shall he also reap" (Gal. 6:7)
Tickerguy
Posts: 153516
Incept: 2007-06-26
A True American Patriot!
Report This As A Bad Post Add To Your Ignored User List
Exactly.

A local "inflation" example -- there's a place near here called HarborWalk. The developer is a guy who I personally don't much care for, mostly due to him doing what all the developers do these days -- threaten to go elsewhere if he has to pay impact fees to cover the installation of infrastructure improvements. The local county and city governments kiss the ring and then residents that are already here wonder why their property taxes go up...

Anyway, the shops, restaurants and bars are all high-priced, but it's right on the harbor, so you're paying for the ambiance. Ok. Until the last couple of weeks when he decided to start charging $10 to park -- formerly free.

Well, that's that for me. I used to stop in at one of the local places for a drink or, on occasion, some sushi. Not any more. $10 to park the car? He can **** off and suck my tailpipe. Every merchant in the place just saw their revenue from me go to zero. I like a couple of the places there, and one of them is actually locally owned and NOT a chain (and has a nice bar and some decent food) but when you add anywhere from 20-50% to my cost of going there my reply to that attempted act of extortion is going to be my sack in your face.

See, that's discretionary and I can do that in response. Now try it with something that's NOT discretionary.

----------
Winding it down.

Bodhi
Posts: 471
Incept: 2008-02-23

Georgia
Report This As A Bad Post Add To Your Ignored User List
Quote:
a personal favorite is when one is watching some documentary that discusses a great construction accomplishment such as a tunnel, building even a ship and the next phrase is that we could not afford to build such a thing today.


I was in New York last week to visit my son. One of the places we visited was the NY Public Library. It was built in 1895 and the craftsmanship that went into this place is extraordinary. They don't build them like this anymore.
Tinman
Posts: 319
Incept: 2008-02-16

Report This As A Bad Post Add To Your Ignored User List
"They don't build them like this anymore."

No they don't. Why do we call it a 2x4 when it's 1.5x3 ? Go look at 100+ year old farm houses in the Midwest. They are real 2x4 or more. Some people still build things correctly. Here in the northeast Amish and Mennonites are sought as barn builders, they still do it somewhat right.
Login Register Top Blog Top Blog Topics FAQ