In the end, Jerome Powell will be vilified as a traitor and a con man, and as always, my opinion will be years ahead of its time (and, at its utterance, completely ignored). The cold fact is that (a) inflation, as you can see, is heating up fast (b) there’s not a goddamned thing that scumbags at the Fed can do about it.(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.
It’s all over the news. The U.S. housing bubble, the stock market bubble, and now the crypto market bubble. In fact since the onset of the 21st century we have seemingly stumbled from one market bubble to the next.(more…)
On Monday morning, I got a sympathetic email from a fellow Sloper who was asking if I was holding tough on my XLE puts. I assured him that I was, although I mentioned I felt “horrible” at the surge (tinted below in green) which, evidently, was prompted by the latest stupid government program of waste known as the Build Back Better Boondoggle of $1.2 trillion. Mercifully, since then, the thrill of this latest travesty seems to have eased away.(more…)