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.

Grecian Formula

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For five years……five stinking years……….the Greece farce has been dragged out. In a sane world, they would simply have defaulted back in 2010. Instead, there have been endless summits, extensions, bailouts, bond offerings, and press conferences. Now, as some of you have already read over on ZH, they have managed their latest payment to their creditors by taking an emergency loan from the International Monetary Fund (which effectively, as ZH points out, is the IMF borrowing from itself to make a payment to itself). In addition, Greece has less cash on reserve now than a lot of the startups here in Silicon Valley.