Karl Denninger

Karl Denninger, "Too Big To Exist"

Running 'Cause I Can't Fly (Free subscription) | 13 hours ago

Karl Denninger, "Health Care FARCE Voted Up Last Night"

Running 'Cause I Can't Fly (Free subscription) | 11/09/2009

"Health Care FARCE Voted Up Last Night" by Karl Denninger "Do we live in a Constitutional Republic any longer? The 16th Amendment made lawful the income tax - that is, a direct tax on Americans. But nowhere in The Constitution is the power found to force people, under penalty of law (including fines and imprisonment), to pay private parties for services they do not desire...

Karl Denninger, "More Extortion By The Banks"

Running 'Cause I Can't Fly (Free subscription) | 11/08/2009

"More Extortion By The Banks" by Karl Denninger "Yeah, that's a strong word. In my opinion it is also the only word that's appropriate for the circumstances: The Fed has been informed by dealers that they would be willing to enter into very sizable amounts of reverse repos with the Fed, if asked to do so, provided they could get some relief from Tier I capital constraints,...

Karl Denninger, "Political Winds Shifting?"

Running 'Cause I Can't Fly (Free subscription) | 11/04/2009

"Political Winds Shifting?" by Karl Denninger "Perhaps. Two Democrats - governors - were ousted. Why? Taxes, lack of jobs, in short: It's the economy stupid! The fiscal side of the picture is done. Those who are looking for some sort of fiscal stimulative posture out of DC? Forget about it. We had three of those (at least) which have been announced, and they have done...

Karl Denninger, "Why Bernanke And Geithner's Gambit Fails"

Running 'Cause I Can't Fly (Free subscription) | 11/03/2009

"Why Bernanke And Geithner's Gambit Fails" by Karl Denninger "Since I wasn't invited to Treasury's confab of bloggers yesterday (there's no surprise there, given how critical I've been of them and how Obama's administration is no less of an echo chamber than was Bush's!) I thought I'd loose this on the blogosphere - a post I've been sandbagging for about a week now. There...

Hot Links: Bad Hair Day

The Reformed Broker (Free subscription) | 17 hours ago

Stuff I’m Reading this Morning… STOP! Don’t cash out your 401(k) before reading this from Karl Denninger. (Market-Ticker) Here’s a great list of the basic books that all value investors should read. (ValuePlays) Cali has company: New York State is running out of cash. (InvestingContrarian) Frankly, America, Wall Street Really Doesn’t Give a Damn. (NYP) David...

Is it All a Scam?

Secrets of Traders (Free subscription) | yesterday

Dear Readers, > > There quite a few of us folks out in the blogosphere that do no live in the Financial Matrix. We all “took the red pill” a long time ago and see Fraud Street and Congress for what it really is, and a great deal of it are scams. Karl Denninger [...]

Does Disaster Loom from Dollar Funded Carry Trades?

SeekingAlpha.com (Free subscription) | yesterday

Karl Denninger submits: You can put a fork in us down the road.... The U.S. currency dropped against 12 of its 16 major counterparts as the International Monetary Fund said traders are probably using the dollar to fund so-called carry trades around the world and it may still be overvalued . Complete Story »

Consumer Credit: Dreadful

SeekingAlpha.com (Free subscription) | 11/06/2009

Karl Denninger submits: Where are my green shoots? Consumer credit decreased at an annual rate of 6 percent in the third quarter of 2009. Revolving credit decreased at an annual rate of 10 percent, and nonrevolving credit decreased at an annual rate of 3-3/4 percent. In September, consumer credit decreased at an annual rate of 7-1/4 percent. Complete Story »

The Fed and Fannie Mae: Throwing Money Down a Black Hole

SeekingAlpha.com (Free subscription) | 11/06/2009

Karl Denninger submits: It's a policy (according to Barney Frank) to lose money on purpose, right? Well then, Fannie Mae ( FNM ) ought to get some sort of award : Complete Story »

Re: the reason for closing shorts today

Cara Community - Comments (Free subscription) | 11/06/2009

... Withholding Tax Revenue charts of Matt Trivisonno. Which are still down thanks to the arrogance of Karl Denninger. I connected the tops with the USDX charts, which I posted here back then, which is when I made major moves out of the USD and into CHF and AUD and into AU and AG coinciding with moves into the ASX and SLR and SRL where I still am. I agree the USD looks like Geithner has...

Unemployment Claims: Watch the Distortions

SeekingAlpha.com (Free subscription) | 11/05/2009

Karl Denninger submits: The unemployment claim release looked good. Here's the headline: In the week ending Oct. 31, the advance figure for seasonally adjusted initial claims was 512,000, a decrease of 20,000 from the previous week's revised figure of 532,000. Complete Story »

Cautious Outlook from Productivity and Costs

SeekingAlpha.com (Free subscription) | 11/05/2009

Karl Denninger submits: This is pretty amazing, really: Nonfarm business sector labor productivity increased at a 9.5 percent annual rate during the third quarter of 2009, the U.S. Bureau of Labor Statistics reported today. Complete Story »

On democracy in Britain

Bearwatch (Free subscription) | 11/06/2009

Following the Czech ratification of the Lisbon Treaty, there's excitement over the widened split in the Conservative Party and the possibility of forming a new party or coalition to wrest power from the professional political elite and restore democracy to the people. I believe this is completely mistaken. You will find: (a) the tremendous power of apathy (look how Karl Denninger has...

Insider Trading on UUP Options?

SeekingAlpha ETFs (Free subscription) | 11/05/2009

Karl Denninger submits: Ok, who knew in advance of the UUP "dislocation" from this news: Creations of new shares in the fund are temporarily suspended pending clearance of the registration statement by the SEC, the Financial Industry Regulatory Authority and the National Futures Association and declaration of the effectiveness of the registration statement. Complete Story »...