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.

Jerome Pow

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Well that didn’t take long. Yesterday, the good people of our once-great Republic had about half a trillion dollars shoved into their bank accounts. The great hope was that this mountain of “stimmy” would flow directly into equities, pushing the Dow to – – what? – – 90,000 in a few months? Added to which, the good, good people of the Fed pledged interest rates would stay at 0%….……well at least their interest rates, not the actual market’s……….through the end of 2023. Since they can see clearly what’s going to happen for the next three years. Absolutely.

Here’s the ES over the past couple of days. It decided Powell is full of it: