Karl Denninger

The pipe dream of public pensions

The reality is starting to hit home with State pension fund managers: the fun times are over. Heavily invested in the stock market, most public pension funds looked good as long as times were good, when in fact, they were sitting on the same shaky foundations that were holding up the rest of the Wall Read More

Usury laws and Harvard grads

The Dayton Grassroots Daily show v. 26 presents a discussion of this post: http://market-ticker.denninger.net/archives/1752-There-Is-No-Way-Out-Of-This-Box…..html from the site The Market Ticker by Karl Denninger. Greg Hunter likes to make sweeping generalizations blaming “Harvard grads” for making this financial mess- I prefer to place the blame on a political system run amok, with candidates serving the biggest Read More