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.

The Sordid (Pictorial) Story of the “Richest Country in the World”

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Steve Saville’s excellent post The monetary inflation moonshot (including the graph directly below) prompted me to go to the St. Louis Fed website and check out some COVID-era data graphs.

true money suppy

So in addition to Steve’s calculation of the moonshot in new (funny) munny, which if we’re being honest is the only trick in the Fed’s bag, here are some other pictures from the financial and economic system of what we are told is the “richest country in the world” (if you don’t count debt and the leveraging thereof).

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Wham, Bam, Thank You Scam

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Humans don’t really learn, do they?

Back on April 17th, Gilead (GILD) went absolutely ape-shit because of something-or-another to do with Covid (a test, a cure, God knows what), and considering the public reaction, you’d think they had solved every disease known to mankind. The POTUS had the CEO of GILD in his office, yammering on about good news this, and good news that.

It all turned out to be a total nothing-burger.

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Levels of Recovery

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Not much happened overnight, but I did want to point out in broad strokes the distinction in just how much different segments of the stock market have recovered over the past two months, for it was almost exactly two months ago that the selling stopped.

The strongest, by far, is the NASDAQ, which is relatively close to the highest levels in human history. One slightly interesting “achievement” overnight was that it finally sealed up its price gap when all the selling began (marked with an arrow). So the last major price gap is finally filled.

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