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.

Captain Moral!

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I’ve seen in the papers that the new movie Shazam is going very well. I’m sort of amused to hear this, and good for the moviemakers for doing something fun and campy. When I was a kid, Shazam was one of my favorite Saturday morning shows. (It later hooked up with Isis, sort of the girl’s equivalent of Shazam, to form the Shazam/Isis Hour).

The show focused on a kid named Billy in his late teens (who apparently only owned one shirt) and a old fella (who apparently only owned one jacket) whom he referred as “Mentor” (although he always said it sort of odd…….Men-Tor).

They roamed “the highways and byways of the land” in this big-ass, gas-guzzling recreational vehicle which was equipped with a red hemisphere that had lights on it. By putting his hand on the hemisphere, Billy could transport himself to be standing in front of a group of badly-animated Greek gods and seek their counsel.

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A Key US Dollar Fundamental

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The following is the Currencies segment of this week’s edition of Notes From the Rabbit Hole, NFTRH 546. The fate of the US dollar will of course play into a global macro trade per Friday’s post.

Currencies

A reminder that we are not using the standard gold bug method of evaluating the USD (perma “death to the dollar!!”). We are using fundamentals in evaluating its potential to correct (and launch a global macro trade). The blue shaded boxes on this weekly chart tell the story of Fed policy (Fed Funds/3 mo. T-Bill) that significantly lagged the upturn in the 2yr yield into late 2015. But USD turned up much earlier (in 2014) to follow the 2yr.

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