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.

Varsity Impressions

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I grew up in the upper-middle class my entire life. I never knew any rich people for most of my years. Indeed, in the many times I’ve addressed the subject of wealth distribution, I have recalled that during my upbringing, the “rich” man I met was a general manager at a Ford dealership, and probably made $45,000 a year to my Dad’s $35,000. So that, to me, was rich.

I wish it was still so. I never thought I’d type this, but I truly do yearn for the days of my childhood when, yes, there were fables about millionaires, but on the whole, people were more or less in the same boat. This is a thing of the past now, although I strongly suspect in about twenty to thirty years, it’ll be very much with us again. Life moves in cycles, of course.

This came to me because I finally got around to watch the Netflix documentary about Operation Varsity Blues. I love documentaries, and as such, it is excellent. For those of you who subscribe to Netflix, I certainly recommend it. They’ve done a beautiful job weaving the tale, splicing in real-life images of high school kids (the honest ones, not the rich ones) in the throes of getting either accepted or rejected from their hoped-for schools. Although the “script” was simply copied from the real-life FBI wiretap recordings, the dramatization is led by the actor Matthew Modine (of Full Metal Jacket fame) who plays the detestable Rick Singer.


Blasé Bitcoin Breakout

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I have one simple chart to show, and one simple point to make:


For months now, the crypto space has been (i) basing (ii) breaking out (iii) moving on to a higher plane. This time, however, was a total fizzle. It broke out, everyone was chattering about “institutional buying” (which apparently are the magic words), and yet $10,000 has been sheared off the price within days. Crypto isn’t necessarily doomed, but this is definitely not what the bulls want to see.