The Ticker Ceases Publication…”Godspeed, America — this nation was a great idea, but it’s gone.”
by Karl Denninger
Market-Ticker.org
2015-04-01
I’ve been writing this column for eight years; the first columns in the archives are from 4-1-2007.
For eight years I have chronicled the abuses in our nation’s economic and political systems, tying most of them to economic concerns of one sort or another. It began on Blogger and drove a fairly major software development effort on my part to put together the software currently in use here today — a package that is capable of much more than it does at present.
I began this journey as a sort of private debt repayment, if you will, to people who I knew that got seriously harmed in the 2000 tech wreck. I escaped as I saw it coming, but whether that was really all skill or there was a huge element of either luck or divine intervention I’ll never know; there were certainly personal issues in my life that were partly responsible for my decision to divest MCSNet in 1998.
I’ve heard many people over those years tell me that I’m not only inflexible but I also never admit I’m wrong. Those of you in that camp couldn’t be more mistaken. Who remembers my rather long 2007 missives in which I expected very heavy inflation and dollar devaluation, accompanied with an energy cost spike that would literally destroy the economy? I, like many others, wasn’t looking at the whole picture; I had bought hook, line and sinker into some of the econometric models put forward by so-called professors and their claims, believing without demanding evidence and proof rooted in fundamental algebra that they were providing an honest and accurate assessment.
The Rest…HERE
