Of the 6 World Indices below, the French CAC Index is lagging. It’s been relatively weak since September 2011, and has failed to reach new highs (and been in a major decline) since August 2000. A drop and hold below the major support level of 4,000 could spell some major problems for France and other EU countries. (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.
Forecast 2015 — Life in the Breakdown Lane
Note from Tim: about a week ago, everyone’s favorite Sloper BDI encouraged me to read an entry on his Stealthflation blog, which I did. The article, by James Howard Kunstler, was so indecently rich, I felt like a starving man who had just been handed five superbly-crafted cheesecakes. There is so much rich goodness in it, it’s almost impossible to believe. I’m leaving this post up all day. Please read it. It is superb, and I thank BDI for getting permission from Mr. Kunstler to republish it here on Slope:
Submitted by James Howard Kunstler – KlusterFuckNation
“Don’t look back — something might be gaining on you,” Satchel Paige famously warned. For connoisseurs of civilizational collapse, 2014 was merely annoying, a continued pile-up of over-investments in complexity with mounting diminishing returns, metastasizing fragility, and no satisfying resolution. So we enter 2015 with greater tensions than ever before and therefore the likelihood that the inevitable breakdown will release more destructive energy and be that much harder to recover from.
I don’t know how anyone can trust the statistical bullshit emanating from our government reporting agencies, or the legacy news organizations that report them. Yet the meme has remained firmly fixed in the popular imagination: the US economy has recovered! GDP grows 5 percent in Q3! Manufacturing renaissance! Energy independence! Cleanest shirt in the laundry basket! Best-looking house in a bad neighborhood…!
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