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.
Preface to all parts: on this long weekend, I decided to chart almost all the contents of my Bear Pen and break them up into four categories, each of which represents a specific style of chart pattern. I am showing a few for everyone and the rest of them for all paying members. Click on any chart for a larger version.
I simply want to acknowledge how CryptoStream – – thanks to its spiffy new portfolio management feature – – is giving me some comfort right now, since crypto has weakened back to the levels where I sold my five positions (as a reminder, I heartily clapped myself on the back for a 25% profit which proceeded in short order to become 50%). Thus, I don’t feel like so much of a dope. I kind of miss being in position, but I simply don’t want to hang out in an environment where I think there’s going to be a meltdown. Premium members already know my disposition on the direction in the coming weeks. In any case, I urge you to check, out this new feature if you haven’t already.
Of course, a career politician will be adept at framing the narrative just right, adding to it, tweaking it and layering on fancy words and concepts in order to veil the true and unbelievably simple fact that the inflation started under a very different presidential administration and continues to this day. The only difference is that the party that won the election gets to take a bow for the broad results that have little or nothing to do with them.
Biden goes on offensive against economic critics, argues rising wages show his agenda is working
Well, his agenda was to push rising employment costs into the economy with the inflation the Fed created out of thin air. So that is true. I am not against raising minimum wages under this vile inflationary system because low income people cannot keep up with the pace of the inflation the Fed has created. Under an inflationary regime, an inflationary (Keynesian) system, you can’t go with the old conservative method of letting each earn his or her way based on merit. At some point – due to inflation – the goalpost has been moved too far away.
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