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.


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It’s ‘taper’ talk time again and here is a post that is only too happy to join the cacophony…

Dear Federal Reserve, please signal what would be at least a symbolic gesture to the market and pretend to tighten policy by beginning a tapering of long-term bond buying. We know inflation is being promoted via ZIRP at the discount window and via money printing used for T bond and MBS asset purchases. (more…)

Opposing Trends

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Generally speaking, there are two trends happening in the market (we’ll set aside the fact that the long-term trend, going back five years now, is up………obviously). The intermediate-term trend is ascending, as illustrated below by the green tints. The market has, for months, moved on to higher highs. The short-term trend, however, is bearish – illustrated by the cyan tints – creating a petite descending channel. By the end of day tomorrow, we should know whether this short term trend has been thrown in the garbage, or if the intermediate trend has, in fact, been broken for good. (more…)