Wednesday, March 17th, 2010

On the Occasion of the Obvious and MalEducated

Posted by cuervoslaugh at 6:43 am

(24 votes, average: 2.21 out of 5)

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I am of course, speaking of Karl ‘Doom Doom’ Denninger

There are days when I wonder why I read his blog. Then I remember that he somehow wormed his way into television appearances against Dennis Kneale and I surrender my best intentions and prepare for another onslaught of trademarked ‘doomdoom’ rhetoric.

Recently he posted an article called “Financial Stability” Bill: A Chimera? which listed no less than 13 points of observation to Senator Dodd’s recent bill to reform the financial markets. Obviously he doesn’t understand that the typical internet blog reader will give your post about five minutes at the most before clicking over to see who won the latest ‘Dancing with Stars’.

However

The main issue with this is that he asks if the bill is a ‘Chimera’. According to TheFreeDictionary, a Chimera is:

1. Greek Mythology A fire-breathing she-monster usually represented as a composite of a lion, goat, and serpent.

2. An imaginary monster made up of grotesquely disparate parts.

Karl’s general writing is usually one in which, while you may disagree, or find that he doesn’t ever follow up his arguments properly – there is usually a fair selection of proper adjectives, nouns, and adverbs sprinkled through that ensure the quality of his writing surpasses the vast majority of financial trolls posing as bloggers.

So, I skipped down to the end to find out what his bottom line was so that I could find some cogent summary which would explicate his befuddling title:

But the above bullet points are troubling, and this act reeks of having intentional loopholes written into it via obfuscation, along with no statutory demand that the new FIRA agency actually stomp on such abusers. There are too many “mays”, not enough “shalls”, and an absolute lack of “or else’s” – making this one of those acts that says more by its absence than presence.

and that’s when it hit me: the man who called my a psychophant, really doesn’t know the English language all that well – because Karl, the world you meant to use, I mean the one that should have been your top drawer noun based on a well reasoned examination of your thesis is Mirage.

What’s worse is that this isn’t the first time that he’s misused the word either, please examine: Wall Street’s Armaggedon Chimera

Now in the case of the second post listed: Chimera is perhaps properly used in reference to a terrifying mythological monster but, the author loses points in creativity by resorting to the same Greek monster for a second time. Perhaps he should have gone for ‘Gorgon’ or somesuch?

The Obvious

Anyone who reads ‘DoomDoom’ Denninger’s posts knows that once he hits upon a graphic, no matter how ill executed it may be, he’ll pound it up on every freakin’ blog post he can. It’s almost as if he’s paying someone to generate the charts for him and he wants to ensure that he gets every blessed cent out of the cost for said graphic.

Of late, it’s this one:

By which he seeks to educate us on the fact that the US Peso is inversely correlated to the market. Which, if coming from another writer, would seem to be a form of ironic posturing but, sadly I feel that it’s simply a case of his own estimation of his readership.

Over here, where the wrong rhetoric can get ya shot, all one has to do is view JakeGint’s blog postings going back over the last five months or so, or even check out some of the Fly’s classic posts, such as the one on the day that Bernanke began his Qualitative Easing campaign in March. This here writer was then accused of having a spreadsheet for a heart or somesuch nonsense when I opined in the comments section that the Dolla’s fall would bring a rise in the assets.

To what reason would K ‘dd’ D, resort to such obvious material for his postings? Perhaps it’s because that he has failed in every prediction thus far with regards to a ‘market dislocation’ and probably lost every cent he managed to earn when the sky had darkened and the reins of the market were turned over to the slimy paws of the bears. Perhaps it’s just an attempt to be once, this year. Just once.

His attempt at a political party seems to have failed as well. He’s now resorted to simply reading bills instead of “spending thousands of dollars in faxes to Congress” since his fax line has been cut.

Such a sad denoument for a blogger who once darkly imagined a fierce proletariat reaction against the ‘Washington Elites’ a la, his best friend Hal Turner.

Time to switch off the light there Karl and give it a rest, not only have you jumped the shark but, you’ve slumped into unoriginal, unlearned pedantry.

Theme Song

http://www.youtube.com/watch?v=BlBmU2KjCNM

Posted by cuervoslaugh on Tuesday, November 17, 2009 at 6:43 am
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Comments

2 Responses to “On the Occasion of the Obvious and MalEducated”

The Fly says:

November 17, 2009 at 10:08 am

thats what i call a hit piece. wow
DPeezy says:

November 17, 2009 at 12:26 pm

lol…so tell me how you really feel about him.

fwiw, chimera is also a condition where a person has 2+ separate sets of DNA.

Of course, that usage doesn’t make sense either in his context.