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.
The world was presented with a tremendous opportunity in the thick of the financial crisis over a decade ago. There was a crucial juncture in the road we collectively needed to decide upon. In one direction was hardship, austerity, and a re-balancing that would have meant a few years of pain but, in the end, a path to true prosperity. In another direction was the easy way out with freshly-created trillions of dollars to paper over all our troubles and spare ourselves any more discomfort.
As a planet, we chose the easy route. Big surprise.
What has taken place over the past ten+ years has been so gradual, so steady, and so all-encompassing, that the madhouse we all occupy goes unnoticed by virtually everyone. I often ask myself why most people don’t puzzle over where the tens of trillions of dollars of debt came from, where it went, and how, if ever, it could be paid off. Most people, let’s face it, are dumb as posts, and have the attention span of a Kardashian, so virtually no one dare trouble themselves with considering any of this.
Overhead supply is gargantuan. The pattern is clear. And if the SEC thinks that Musk is going to obey them this time, having completely defied them multiple times already, they’ll learn the truth soon enough.
This is the last meaningful week for earnings this quarter. Tonight’s biggie is Alphabet (GOOGL), but I always find that chart to be a bore. Tomorrow night is more interesting to me, as Apple, Inc. is coming up upon very important resistance, highlighted below. We’ve also just about at the midline of that long-term channel.