Who the hell is Karl Denninger?

[ProSense]

I see his post linked to here, but he isn't linked to on any of the progressive financial blogs.

Karl Denninger: Welcome to my Internet Home!

Karl Denninger: The Market Ticker

Karl Denninger:

An Open Challenge To The States

I'm stunned.

Washington DC and many of the so-called "drive by" media are trying to play off the "Tea Parties" as some sort of right-wing partisan thing.

They're wrong.

I was one of the first to call for mailing Tea Bags to legislators. Here's the proof:

Therefore, on February 1st, which is more than enough time for Barack Obama to be seated in his chair in the West Wing, I am recommending an act of peaceful, lawful and yet unmistakable protest.

That is, to mail President Obama one teabag. Nothing dangerous, nothing illegal - just one teabag.

Send one to your Congressman and one to each Senator.

Posted on January 20th.

And by the way, I stole it from Tickerforum, where it was suggested.

To those who wish to call me some sort of "right-wing hack" I will simply reply that you have not been reading The Ticker. I have been an equal-opportunity rabid dog with my mighty Internet Pen, calling on the carpet both Democrats and Republicans in their mishandling and outright complicity in this economic mess.

link

It isn't often that DU and Freeperville eat up the same steady diet of bullshit: Possible Credit Dislocation: Be Warned

[AllentownJake]

1. He voted for President Obama

http://market-ticker.denninger.net/archives/2008/11/04.html

If you wish to attack his view points that is one thing, if you'd like to make an adhominen attack that is another.

[ProSense]

2. That was quick. n/t

[AllentownJake]

3. He has an issue with both political parties

and politicians in general over the handling of the economic crisis. He's a financial analyst not a politico. I agree with many of his conclusions on economics.

[ProSense]

4. That doesn't say anything about him voting for Obama.

In fact, you seem know a lot about him that's unwritten.

He sounds like a teabagger sympathizer and a bullshitter, which is probably why the Freepers like him.

[AllentownJake]

5. I was introduced to his blog 2 months ago

I read the archives. The guy predicted the economic crisis a year before it happened. The entire reason he started his blog was to try to warn people of what was coming and lobby congress and the White House for action. He even went so far to buy tickets to fundraisers to talk to people in power.

He is an activist for banking reform. Does he have some political views I don't agree with, yes but so do most people.

On the issue of banking this guy knows what he is talking about.

[ProSense]

7. "And by the way, I stole it from Tickerforum, where it was suggested."

Tickerforum: Drudge: ARAB STATES LAUNCH SECRET MOVES WITH CHINA, RUSSIA..

Nothing like Drudge for financial information.

[AllentownJake]

8. You are attacking the messenger

you are not attacking the message, and a lot of people read Drudge even on here because it seem that drudge is linked all the time.

This guy has been consistent in attacking both political parties on the banking issues.

[ProSense]

9. " you are not attacking the message, and a lot of people read Drudge. "

Now you're defending Drudge?

[AllentownJake]

10. Drudge sure gets linked a lot here

and the same news story that he linked on drudge was linked on Huffington Post and every other news outlet in the country.

[ProSense]

13. You are using Drudge to defend a hack

who has a freeper following?

[AllentownJake]

15. He doesn't just have a freeper following

There are people who are not happy with how the banking industry has been treated by both administrations. There are plenty of democrats who are pissed off as well.

I do not support politicians, I support issues. I agree with his commentary on the banking industry and many progressive blogs and radio shows have had similar critiques.

I don't see why you are trying to make this a right vs. left issue.

[ProSense]

17. "I don't see why you are trying to make this a right vs. left issue."

Really?

[AllentownJake]

19. I have conservative friends and progressive friends

that both disagree with how the banking industry was handled by both administrations.

I also don't limit my reading to one point of view.

This guy voted for the President and went on the record of voting for the President. Doesn't seem to be something you would do if you were planning on endearing yourself to the freepers.

If this was a conversation on FreeRepublic right now, I'm guessing one freeper could pull out his voting for President Obama to discredit him.

[ProSense]

20. Your excuses don't pass the smell test. n/t

[ProSense]

21. Don't send PM threats, I'll call you out

You wanna call me a freeper

I did more to get this guy elected than most of the people on here. How fucking dare you.

The OP is about Karl Denninger.

[AllentownJake]

23. That wasn't a threat

Why didn't you include the link that I sent as well?

You are calling me a freeper and I'm defending myself.

[AllentownJake]

22. I have some questions for you ProSense

What was your role in the campaign? I was a Team Leader

How much money did you donate? I gave over $500 and would be happy to send you the links

What was your role on election day? I was asst GOTV director

Do you have a picture shaking hands with the President? I do

How many TV shows have you appeared on defending the President? I went on one and turned down another because I thought someone who was a bigger supporter at the moment should go in my place.

I was one of the Presidents biggest supporters in the primary and the general election. The fact that I have become somewhat disillusioned with his administration over his economic advisors should spark warning bells for you. Now you are trying to call me a freeper.

[ProSense]

24. Are you Karl Denninger? If not, why are you taking this personal? n/t

[AllentownJake]

25. You insinuated I was a freeper

I take that very personally

[ProSense]

26. I did no such thing. n/t

[AllentownJake]

29. You did to.

Now answer my questions...what the hell did you do to elect President Obama.

[ProSense]

31. "what the hell did you do to elect President Obama."

What did Karl do?

I believe that The Second Amendment recognizes an individual right to keep and bear any infantry armament, since its purpose is to prevent tyranny by the government (this is clear if you read The Federalist); self-defense and hunting purposes are "beneficial side effects."

[AllentownJake]

32. There are some on DU that share that sentiment

I'm not one of them.

I agree with Senator Lugar on Nuclear disarment and so does the President. Doesn't mean he agrees with him on abortion.

[AllentownJake]

34. Nice misdirection though

Now back to you. How many doors did you knock on and how many phone calls did you make?

[AllentownJake]

27. and you never answered my question

or are you one of those armchair cheerleaders who bash those on here who actually did the hard work of the campaign and have some legit concerns right now.

[ProSense]

28. Keep waiting. n/t

[AllentownJake]

30. What was your role in the campaign

What did you do?

[A HERETIC I AM]

11. He's no analyst.

At least he does not suggest he is one nor does he give evidence of ever taking a CFA course or having that designation.

http://www.denninger.net/resume.html

He's a software dude who writes on a financial blog. He got a prediction right and because of it he has a following, many of whom seem to think everything he writes is worth repeating.

[AllentownJake]

12. His commentary is consistent

with Max Keiser and several others that are linked here quite frequently.

[A HERETIC I AM]

33. James Howard Kunstler gets linked on DU as well. That dude majored in THEATER in college...

yet the tripe he writes is taken as if he has some unique insight to the financial world by numerous DU'rs. He doesn't have any special insight at all. If that is the kind of company Denninger and Keiser are grouped with, it is a dubious distinction at best.

Keiser is an ex-trader and Hedge Fund manager who has a history of making inflammatory and outrageous comments. With the vitriol often directed at hedge funds on this site, it's surprising he is taken seriously.

http://en.wikipedia.org/wiki/Max_Keiser

[AllentownJake]

14. I was incorrect about the analyst part

He knows a lot more than much of the people I read. He presents facts and than presents an opinion.

[babylonsister]

6. Karl Denninger Says Apocalypse Imminent-- Like TODAY Imminent (3/05/09)

Seems he jumped the gun. :shrug:

http://www.breakthematrix.com/content/Karl-Denninger-Says-Apocalypse-Imminent-Like-TODAY-Imminent

Karl Denninger Says Apocalypse Imminent-- Like TODAY Imminent
Posted by Rick Williams on Thu, 03/05/2009 - 6:39pm in


Karl Denninger (whose opinion I respect) says on denninger.net today that his indicators "are painting a picture of the Apocalypse that I simply can't believe, and they're showing it as an imminent event-- like perhaps today imminent." Denninger says:

1. All pension funds, private and public, are done.
2. All annuities will be defaulted.
3. The FDIC will be unable to cover bank failure obligations.
4. Tax receipts are cratering and will continue to.
5. Tax--deferred accounts (IRAs and 401k's) will be seized to fund rollovers of Treasury debt at essentially zero coupon interest.
6. Any firm with debt outstanding is currently presumed dead.
7. Civil unrest will break out before the end of the year.

Bottom line, he says: "The bad news is that you won't have a job, pension, annuity, Social Security, Medicare, Medicaid and, quite possibly, your life. It really is that bleak, folks."

Any questions?

[ProSense]

16. Sounds like something freepers would believe. n/t

[babylonsister]

18. Sounds that way to me also. I sure won't defend him after that. nt

[DaveinJapan]

35. A while back that guy was claiming that FDIC would "go broke"

and when I sent him an email explaining what "backed by the full faith and credit of the United States Treasury Department" actually meant, he banned me from his site.

He's a day trader with a penchant for short selling derivatives, and he happened to be in the right place at the right time. Nothing more.

[ProSense]

36. Perspective

Now you are free to vote for John McCain if you wish, of course.

I cannot.

I cannot vote for a man who is well-aware, as are his top advisers, that this entire mess was intentionally concocted through greed and fraud, that fact has been admitted, and yet the candidate has promised to do exactly nothing about it.

I cannot vote for a man who clearly intends to allow the fraud throughout the banking and regulatory systems to perpetuate itself and be bailed out through the expenditure of taxpayer funds.

I cannot vote for a man who had multiple opportunities to get in front of this issue, was fully aware of it, and who's top advisers are also fully aware of it, yet has made a conscious and intentional decision to do nothing.

No, John, I cannot cast a vote for someone who has clearly and publicly countenanced and looked aside at fraud that has coerced millions of Americans to go into debt to the tune of trillions of dollars they have no hope of being able to repay. Then, to add insult to injury, when the music ends, with you having full knowledge of how this occurred you then support and press in Florida and elsewhere a plan to forcibly shift the entirety of this fraud to the taxpayers - including those who were not originally ensnared in the trap and even those who are not yet born.

You, John McCain, your support of the "right to life" obviously don't include a right to freedom. You instead support selling our born and unborn children into debt slavery so that those who perpetrated this fraud will not only go free from punishment but will get to keep their ill-gotten gains as well.

Is Barack Obama perfect? No. He and I have many differences of opinion, some of them very serious, and absent John McCain's attempt to sell my daughter and her yet-to-be-conceived children into debt slavery to satisfy those who committed fraud and now demand to escape with the loot, I would be voting for John McCain.

But I cannot vote for a man who has, through his pubic actions and pronouncements, supports slavery of every taxpayer in America, the children and the unborn - no matter what other positions he holds that I agree with.

For the first time in my adult life, tomorrow I will cast a vote for a Democrat - Barack Obama - and I strongly urge others to do so as well.

Slavery was supposed to end in the United States with the Emancipation Proclamation on September 22nd, 1862.

Someone forgot to tell John McCain.

link

Ok, You're A Crook Obama: I was willing to give President Obama the benefit of the doubt.

Loon!

[AllentownJake]

37. Actually that link puts him in a good light

He voted for President Obama over John McCain over a serious issue he had a concern with abandoning his political party and than gave the current President a chance with the same issue.

He's said some crazier things, keep searching.

[ProSense]

38. "He's said some crazier things, keep searching." No, proven

loon.

[AllentownJake]

39. Well he was right on the economic crisis

and he's right that the Wall Street Bailouts were a mistake, and he's right that our government hasn't really done that much in the past 8 months to stop the looting of the country by the people who caused the crisis and he's right on the lack of prosecutions of the people who perpetrated the biggest fraud in this nation in American history.

He's also right that the banks are charging usurers rates and no one in congress in either party wants to stop it. He's right that people with good credit are having their credit lines being revoked.

He's right that most of our congress is bribed through campaign donations and there are more lobbyist working for them than they are for us.

He says some crazy things...he also says some pretty dead on things. I think you should attack each statement instead of attacking the individual.

Most of my friends and family say some crazy ridiculous things at times. However, a lot of the time they get it right.

I don't stand by everything Karl says, but I'll listen to him and make my own determination if what he says on that particular topic makes sense.

Maybe that's just me.

[ProSense]

40. To you, he's a hero.To me, he's a nutcase. n/t

[AllentownJake]

41. He's not a hero

He's a guy with a blog who is pissed off at what is happening in this country under both democratic and republican administrations economically.

He has an opinion, a valid one at sometimes and a not so valid opinion at others. He's a human being concerned about the direction of his country.

You can't classify his ideology as left wing or right wing. He wants regulations put in place to protect people from what just happened. If that makes him a nut case...well I'd rather be in league with that nut case than most of the guys in Washington who take campaign donations as a concern when they write legislation that effects millions of people.

People I've never met before are never my heroes and politicians aren't my heroes either. My heroes are real people who are just struggling to survive in a country that has turned its back on what made it great.

[ProSense]

42. "He's a human being concerned about the direction of his country." So is every teabagger.

Still a loon.

[AllentownJake]

43. Teabaggers aren't calling for stronger regulations

or the enforcement of existing regulations or prosecution of the people who comitted the fraud that has left many of your fellow citizens unemployed and Tea baggers never even remotely considered voting for Barack Obama.

Calling this guy a tea bagger is a little broad brush.

[ProSense]

44. "Calling this guy a tea bagger is a little broad brush." OK, he's a teabagger sympathizer and

a loon.

[AllentownJake]

45. I wish I could live in your black and white world

Where there are Cowboys and Indians.

[ProSense]

46. Guess who said this:

PS: If I'm really on the White House "enemies" list, as was sent to an associate from an "anonymous" source, then bully for me. I stand with such notable folk as Glenn Beck and Fox News. Long live investigative journalism and The First Amendment, whether the government likes it or not!

Loon!

[AllentownJake]

47. Yeah that is pretty crazy

I'm 100% sure the White House does not have an enemy list of media people and if they did Karl is too low profile to be on it. Like any organization they have a list of friendly media outlets, neutral media outlets, and hostile media outlets.

I still like his analysis on some things though. :shrug:

Like I said people can pick and choose with what you agree with someone on. I agree with him on certain things. I agree with the administration on a lot of things. Just not their economic policy.

[A-Schwarzenegger]

48. "I stand with such notable folk as Glenn Beck and Fox News."

That might be a clue.

[philly_bob]

49. Smart money guy, "pox on both parties" type, hates Fed, debt, prob. libertarian n/t

[OnceUponTimeOnTheNet]

50. Two of our best posters in a pissing contest. WTG Gents.

Personally I have Karl Denningers site bookmarked. Grain of salt and all that.