Saturday, September 19, 2015

Another example of the pervasiveness of German corruption

Oh yeah, the Germans are so honourable! They are so honest! It's only the swarthy Mediterraneans who have criminals, thieves, and corrupt businessmen! Only the Germans are pure enough to lead Europe! If only those evil, lazy Spaniards and Greeks could just try to be more German....

Oh, wait:

NY Times - Volkswagen purposefully programs their cars to cheat on diesel emissions. This is precious:

The Environmental Protection Agency accused the German automaker of using software to detect when the car is undergoing its periodic state emissions testing. Only during such tests are the cars’ full emissions control systems turned on. During normal driving situations, the controls are turned off, allowing the cars to spew as much as 40 times as much pollution as allowed under the Clean Air Act, the E.P.A. said.

So basically, their cars only limit emissions when they know they are being emissions-tested.

The recall involves 4-cylinder Volkswagen and Audi vehicles from model years 2009-15.

And they've been doing this for 7 years now.

A spokeswoman for Volkswagen confirmed that the company had received the notice and said the automaker was cooperating with the investigation. She declined to comment further on the case.

And they don't even have the honour to admit to their criminal activity.

The software was designed to conceal the cars’ emission of the pollutant nitrogen oxide, which contributes to the creation of ozone and smog. The pollutants are linked to a range of health problems, including asthma attacks, other respiratory diseases and premature death.

Oh, Germans! What is it about you and murdering people with noxious gases? You did it in WWI, then you did it even more in WWII: when are you going to stop? I mean, don't you think this is starting to earn you a bad reputation?

Friday’s notice of violation was the Obama administration’s “opening salvo” in the Volkswagen case, said Thomas Reynolds, an E.P.A. spokesman. The Justice Department’s investigation could ultimately result in fines or penalties for the company. Under the terms of the Clean Air Act, the Justice Department could impose fines of as much as $37,500 for each recalled vehicle, for a possible total penalty of as much as $18 billion.

Since the defeat device results in the issuing of false pollution information in order to fraudulently meet a regulatory requirement, can't we perhaps also charge them with 500,000 counts of fraud and racketeering? Or is that sort of punishment reserved for the swarthy races?

“This is several steps beyond the violations that we’ve seen from other auto companies,” said Tyson Slocum, director of the energy program at Public Citizen, a consumer advocacy group. “They appear to have designed a system with the intention to mislead consumers and the government. If that’s proven true, it’s remarkable and outrageous. It would merit a heck of a lot more than just a recall and a fine. We would see criminal prosecution.”

Yeah well don't hold your breath buddy. Um... unless you're near Germans of course, in which case yeah do hold your breath buddy.

Friday, September 18, 2015

Friday Videos: Cake Like

Why shit like Helmet got major label deals in the 90s while these guys were stuck recording for John fucking Zorn is beyond me.

Thurston Moore obviously has shitty taste in music.

Fun side story: a friend of mine, who fancied himself an idiot savant of pop culture, had a girlfriend named Lorraine who drove like a fucking lunatic, and he never mentioned this song once.

Thursday, September 17, 2015

No rate hike. Surprised?

Caclulated Risk - FOMC Sstatement: no rate hike, dumbasses.

This is why you need to tune out every single right-wing econoposeur who asserts that yeah he knows economics like sure because he has a BA in business or something, and he thinks the Fed's definitely hiking rates.

This is why you tune out every clown with a community college diploma in short stories who got a job at a news site paying 0.3 cents a word who says yeah, like totally dude, I'm sure the Fed is raising rates and whatever.

This is why from now on you should only listen to actual Fed bosses like Narayana Kocherlakota, you stupid white-ass honky cracker.

Even Fischer, the ex-IMF Asia-destroying twit who's been predicting inflation for 7 years now, voted against a rate hike.

No rate hike this year.

Some news: gold, monsoon, economics etc

Oh boo hoo hoo, you're pulling a snit because I haven't been posting?

Tuff crap. I'm in university, and when I'm not studying I'm studying. Just recently threw away a book on rents by Gordon Tullock, who it turns out was just some dumb neocon/libertarian asshole at the level of the clowns I used to not read on talk.politics.libertarian. I don't know where I'm going to find a decent introductory book on economic rent, but I'm sure my teachers won't be teaching anything on the topic in my 2nd year classes.

I've also started JK Galbraith's American Capitalism, which is hilarious because its depiction of the politico-economic milieu of the early 50s is no different from today's. I'd love to track down chapter 1 and reprint it here, because you'll be amazed at how the right wing in the 1950s was making the same idiotic arguments about "creeping socialism" as it makes today.

And I've begun reading WEB Dubois' The Souls of Black Folk, which in the US is today considered one of the great books of sociology. As you know I'm a militant black lesbian myself, so I will be very interested in Dubois' depiction of Whitey's continued enslavement of my people in the 1890s-1900s.

In any case, there's been little news. The break in $VIX that we saw over the past 2 days seems to have happened because the September contract expired and the panty-piddlers are too chicken to maintain a $VIX futures long with Yellen expected to maintain 0% rates today. Chickenshits! So there's one market signal of doom that'll recede. If you don't own XIV or now, maybe you want to wade in.

Hopefully the market will crawl back to where it was earlier this year, but at the same time the Republicunts are now setting up for another government shutdown; as well, even if Yellen stands pat today, there's going to be the same old freaking out every month from now on as the next Fed meeting approaches.

But here's one newsbit for you: - in August alone India bought 6 months of ETF-sold gold. Whitey still thinks his opinion about gold matters. But the fact is that India has a population of 1.27 billion, while the US self-directed investment community is maybe 10 million: thus, even if the average Indian has only 1/1000th the wealth of an American, they like gold 100x as much as an investment asset, and thus India completely overwhelms idiotic US gold flows.

Oh, one other thing: that 140 tons of gold that India bought in August alone? Yeah, the problem with that gold is that it will never get puked into the market again. It's not ETF gold, it's now turned into value-added jewelry. It is gone from the worldwide stock of traded gold. Bye.

Yes, White-ass honky, gold is consumed.

And as far as the monsoon? Well, Skymet's revised their forecast down to 88%, but since India is a large country and several regions normally get far more rain than they know what to do with, it's more complex than that. So here's Skymet to explain things in detail:

Monday, September 14, 2015

Monday night news

Here's some stuff:

New Deal Demoncrat - weekly indicators. Intermodal up 15.7% yoy, which jibes with the next news bit. No reason whatsoever to e.g. sell Apple down to $95 or Ford down to $10.50, which means the market is populated with rank fucking morons.

Calculated Risk - record inbound LA port traffic in August. No reason to puke stocks, Whitey.

Bespoke - gas prices keep falling. This is good for future US consumer spending.

Bespoke - let's give Liz Ann Sonders a Hickey. Paul Kickey from Bespoke and Liz Ann Sonders from Schwab give a 40 minute chat about the stupid market bullshit. They're two of the most trustworthy commentators in the world (when Kleintop keeps his fucking nose out, anyway) and well worth listening to for 40 minutes.

Oh god Jeff what are you doing what is this I don't even

Walmart detention centres! Shemitah! Ancient prophecies! Jade Helm! The Jubilee! And the information you need to survive the coming collapse of financial and economic systems!

But you can prepare yourself for the wealth-generating opportunities that await!

Act now!