UNRELATED PREFACE – – Mille grazie for the wonderful feedback from the prior post about the comments section. Your feedback was super-helpful (particular Tyler’s). Rest assured, almost NOTHING is going to change about the comments system. I honestly just have two or three tiny “housekeeping” tweaks I want to do. Really the only “change’ I was thinking about wasn’t even a change, but simply to offer a alternate means to look at the comments are a continuous stream, as opposed to being beneath a post. But the existing manner would still absolutely be intact! Again, thank you. Now, on to my late night random thoughts……….
The recent selloff in Bitcoin garnered a lot of media attention. I enjoy an objective viewpoint (unlike equities, in which I am shamelessly bearishly biased), because I don’t trade cryptos, so allow me to offer an observation about the following chart……..
As the Slope of Hope approaches its 13th birthday, it’s important to note that one of the most important aspects of the site – – indeed, probably THE most important aspect – – has been the comments section. Whereas the comments is an afterthought on most sites, or perhaps garners a handful of remarks for every post, Slope has gathered up literally MILLIONS of comments during the course of its lifetime (only about 10% of which are BDI telling us to blow him).
One of the oddities of Slope, which has almost become a meme, is how folks will have discussions and comments that have absolutely nothing to do with whatever post I’ve created. I was reminded of this when I did the prior post, which is a reflective, mildly-humorous post that should garner a lot of feedback, memories, and banter. Instead, people just kept talking about whatever they were talking about. That’s fine by me, but it leads me to a question that’s been on my mind……….. (more…)
In these incredibly racially-sensitive times, I was reflecting upon how the commercials I saw on television when I was a kid would never see the light of day in more modern times. In the late 1970s and early 1980s, the racist-against-black commercials were pretty much gone (Aunt Jemima and Uncle Ben’s notwithstanding) but Asians were still boxed into some fairly ridiculous forms. Here’s one everyone remembers:
With cryptos in a bloody free-fall, I thought it might be instructive to look back at what they were saying a month ago, when Bitcoin futures were launched at almost $21,000. Let’s take a look at the predictions of experts and self-proclaimed crypto-geniuses.
Yesterday’s sharp and unexpected selloff in equities has, as required by federal statute, largely reversed. Hopefully in a week when earnings season kicks in full-blast, we’ll get some more fundamentally-based direction that sticks as opposed to all this zany “will the government shut down” nonsense. In any case, it’s a bizarre funhouse ride so far: