They call copper the metal with the Ph.D. in Economics. But these days Doctor Copper is little more than a quack in that regard, taking a cue from the metals whose interplay will be critical to deciding the coming macro for 2020 and the run up to the next US election. Thus, they are the 3 Metallic Amigos, riding together but providing different signals at different times (this being nftrh.com, you will have to put up with the odd shtick from time to time).(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.
California’s enormous utility company, Pacific Gas & Electric (PCG) declared bankruptcy many months ago. What baffled me is that people were falling all over themselves to buy the stock. I couldn’t understand why people would want to own a piece of a company heading to bankruptcy court, probably for years.
I guess I wasn’t quite as naive as I feared. This company is a wreck.
This appeals to my own particular brand of sociopathy. And, hey, we could all use a few minutes break from this market, right?
It seems “trade talk optimism” has unlimited shelf life.(more…)