The Market Ticker
Commentary on The Capital Markets
Logging in or registering will improve your experience here
Main Navigation
MUST-READ Selection(s):
There Can Be NO Compromise On Data

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.

2018-11-15 07:00 by Karl Denninger
in Company Specific , 33 references
[Comments enabled]  

Well now, I hope you didn't actually use it for anything private, like, for instance, something commercial that has value to you...

t took about six months for popular consumer drone maker DJI  to fix a security vulnerability across its website and apps, which if exploited could have given an attacker unfettered access to a drone owner’s account.

The vulnerability, revealed Thursday by researchers at security firm Check Point, would have given an attacker complete access to a DJI user’s cloud stored data, including drone logs, maps, any still or video footage — and live feed footage through FlightHub, the company’s fleet management system — without the user’s knowledge.

Now granted, this was apparently quite difficult to pull off.

But not impossible.

Further, this is a high-value target.

And finally, why would you trust a Chinese company with such a task in the first place?  It's not like the Chinese steal everything that's not nailed down and about half of what is -- right?

Oh wait....

I've repeatedly warned of the dangers of using any sort of "cloud" application.  Yes, they're convenient -- I get that.  But that convenience comes with a cost and the cost usually includes data security -- which might be rather important to you.

And if it isn't -- it damn well ought to be.

View this entry with comments (opens new window)

2018-11-14 13:00 by Karl Denninger
in POTD , 55 references


It's a coming, and we're all gonna take a dinosaur nap! smiley

Email to hang this unique piece on your wall at a nice, discounted price -- or give it as a Christmas gift!

View this entry with comments (opens new window)

2018-11-14 07:00 by Karl Denninger
in Environment , 314 references
[Comments enabled]  

The big lieberal claim is that we're all going to burn up and drown -- pick which comes first -- due to human-caused warming.

What if the lieberals -- who are using this foil as a means to put in place massive tax schemes and impossible-to-meet goals -- are flat-out backwards?

Professor Valentina Zharkova gave a presentation of her Climate and the Solar Magnetic Field hypothesis at the Global Warming Policy Foundation in October, 2018. The information she unveiled should shake/wake you up. 

Zharkova was one of the few that correctly predicted solar cycle 24 would be weaker than cycle 23 - only 2 out of 150 models predicted this. 

Her models have run at a 93% accuracy and her findings suggest a Super Grand Solar Minimum is on the cards beginning 2020 and running for 350-400 years. 

Now that is doom and gloom.

But I don't have to go quite there.  I only need to expect (and I do) that we're headed for something like a Maunder Minimum.

The sun is the most-watched celestial body in the history of man, with excellent records being kept -- and with good cause.  In ancient times they threw virgins into volcanoes to try to prevent the Sun from going away.  In more-recent ones people realized exactly how important those cycles were not to weather but to longer-term trends -- those lasting decades or centuries.

We have been in a relatively warm multi-decade period driven by said cycle.

But that cycle has turned as it always has in the history of this rock.

Exactly how deeply that downturn will be is the subject of much speculation but given the history and patterns involved expecting a deep, relatively-long (decades) downward movement in solar flux reaching Earth is not only reasonable it's the odds-on bet by a wide margin.

If this proves up then all the AGW screamers are not only going to be exposed as 100% full of crap the people of the world need to rise up and eat them all, from the politicians on down to the local college professor.

Why such harsh words?  Because these screamers, from the IPCC to heads of state to the fraudsters in so-called "academia" who have cooked their data and even lied outright will, through their insistence on "planning" for something that is not happening and won't while ignoring that which both will and is the direct opposite, be directly responsible for the death of up to one quarter of all humans living on this rock.

View this entry with comments (opens new window)

2018-11-13 13:00 by Karl Denninger
in POTD , 49 references


On sale now -- email for a special price on this nice accent piece that would make a fabulous Christmas gift!

View this entry with comments (opens new window)

2018-11-13 10:00 by Karl Denninger
in Federal Government , 134 references
[Comments enabled]  

This is an ugly statistic....

Drug overdoses led to more deaths in the U.S. in 2017 than any year on record and were the leading cause of death in the country, according to a Drug Enforcement Administration report issued Friday.

More than 72,000 people died from drug overdoses in 2017, according to the NIH — about 200 per day. That number is more than four times the number who died in 1999 from drug abuse: 16,849.

The figures are up about 15 percent from 63,632 drug-related deaths in 2016.

Since 2011, more people have died from drug overdoses than by gun violence, car accidents, suicide, or homicide, the DEA report stated.

Got that?

Bigger than gun violence, car wrecks, suicides or homicides (all-cause.)

Yet we can cut that figure in a serious way through two actions.

1. Clamp down, hard, on the precursor trade.  This means China.  No more uninspected and subsidized "small package" shipments, many of which contain fentanyl and other synthetic opioids like carfentanyl.  Just stop it entirely and require 100% inspections.  If and when you find concealed opioid precursors coming in this way the shipping organization gets blackballed for a year for each violation.  Make them responsible and the penalty for failure or willful involvement being the destruction of their business.

2. Federally legalize cannabis.  No, weed isn't the answer to everything.  However, it will change some people's pattern of use in that a huge percentage of opioid overdoses start with prescription medications that are of dubious value for their intended purpose and then rapidly escalate to illegal street supplies.  You might only manage to cut it down by 10% doing this but that's 7,200 people who don't die as a consequence.

Cannabis has no known LD-50; it's physically impossible to consume a lethal dose of it.  You can get mighty stoned and very uncomfortably so, but you won't die; it simply doesn't kill people even when consumed in ridiculous quantities, either by accident or intentional act.

Contrast this with alcohol which does kill people, both acutely due to poisoning and slowly due to heavy chronic use.  My sister is dead as a consequence of the latter along with the abuse of opioids.

When I was growing up I attended a boarding school where all drug use, including tobacco, was verboten and you were subject to immediate expulsion if caught.  Many of the kids there decided to use weed rather than smoke cigarettes because the penalty for both was the same if detected, and you could smell both on the breath of someone who had just consumed them.  You can argue with such a decision all you want but it was a decision made from a logical premise in which a cold evaluation of the risks informed the decision.

Legalizing cannabis makes it less hazardous in terms of risks (legal) than opioids of any description.  If you get whatever you're looking for from the bong instead of the needle some percentage of the users will choose that instead simply because there's no risk of being arrested and going to jail anymore.  This is not true so long as cannabis remains unlawful.

If the goal is to reduce the number of deaths then we must look at the supply, especially the supply coming through Mexico and sourcing from China -- and that makes mandatory not only The Wall at the southern border but actions taken to stop the shipment of both precursors from China and finished synthetic opioids that originate there.  The easiest way to stem that flow is to hold the transporting firms and individuals personally accountable, destroying their businesses when caught while ending the "exemption" that China enjoys and abuses with "small packet" delivery that is usually not opened or inspected in any way (known as "e-packets".)

But we must also look at consumer choice and make other, non-lethal alternatives that are currently illegal on a federal level legal and accessible.

Of course this is in a world in which government gives a crap about people and death due to these drugs.

That's not the world -- or nation -- we live in.

View this entry with comments (opens new window)