The destruction of Ben Bernanke’s reputation is something I have yearned for ever since I came to understand the man. At long last, the one thing that will smear his ill-deserved good name is surging: interest rates. He has put the nation $17 trillion in debt, and soaring interest costs will bring financial ruin to the landscape and guarantee Bernanke’s place in the annals (or perhaps anals) of historical ill-repute. Behold, I make all things screw. (more…)
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.
Why the Surge in Yield?
The ProShares UltraShort 20+ Year Treasury (TBT) has taken off this morning despite disappointing results from Wal-Mart Stores Inc. (WMT) and Cisco (CSCO). Granted, the jobless claims figures continue to argue in favor a strengthening economy, but definitely not enough (IMHO) to warrant a surge in the TBTs (in yield). (more…)