Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

Economic Contraction Anyone? Anyone?

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‘Jobs’ Headline, courtesy of

How about you Beuller? Yes you, who takes seriously the Fed’s ability to engineer financial markets and economies. The charts tell first.

The Semiconductors told us (we who were willing to listen, anyway) a couple months ago about an oncoming economic bump. Then the Canaries stopped singing.

Then we referred back to the big – secular – condition of economic contraction as indicated by the ‘real’ price of gold. Real Price of Gold – Things are ‘This’ Far From Changing.

And that brings us to this morning, and a lame 88,000 jobs in March. So this is good for our Dear (Monetary) Leader. It lends implied support for his systematic and ongoing bailout of the banks. It’s the Banks, Stupid.

All is as it should be here in Wonderland. I wish the bull wiseguys and their ‘organic’ economic recovery the best.

Pro-active vs. Re-active Monetary Actions

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Japan’s pro-active vs. Europe’s re-active monetary actions produced different market reactions today, as shown below. I wonder which one will work out in the long run?

By the way, I’m wondering if Mario Draghi considers whether the ECB’s actions, in dealing with the Cyprus bailout situation, are, in fact, in line with their ‘accommodative’ moneary policy, which was mentioned in today’s press release — “Against this overall background our monetary policy stance will remain accommodative for as long as needed.” Since he used the words “remain accommodative,” I have no alternative but to assume that he considers that all ECB actions, to date, fall into that category…and that the same ‘accommodative monetary policy’ would be used in other situations with other countries. 

Forewarned is forearmed!