If you are not familiar with the term “zombie company”, it is an organization whose earnings before interest, depreciation, and taxes are insufficient to cover the interest payments alone. In a normal world, the word for such an organization would be “broke” or perhaps “bankrupt.” These days, however, with infinite free money to borrow, these dead companies remain eerily alive, and their collective value has exploded to over $6 trillion.(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.
Perhaps you saw my post earlier today about the wipeout in Allakos. Turns out one of the lads over on /wallstreetbets put his entire net worth into this one stock. He says he’s lost $700k on it, so I guess he must have multiple portfolios. Here is one that he shared with the group. As you can see, 100% of it is in this one thing.
If you’ve got a really big screen, you’ll particularly appreciate this graphic, since it goes into a tremendous amount of detail. As always, click on it for a king-sized version Now if they do one for worldwide debt, you’ll probably need a much larger screen.
Copper/Gold ratio teases cyclical inflation bulls and bears alike, but…
…it’s going to break one way or the other soon enough.
If you value gold’s standing in relation to industrial metals as a key market/financial/economic indicator as I do, then you view the ongoing consolidation in the copper price to the gold price as a key indicator (among several NFTRH tools) going forward.
I cannot make the macro do what I want it to do, but I sure can be super interested in an indicator that has made several false moves to the positive and negative sides in 2021 as we head into a year of changes to come (one way or another) in 2022. Cu/Au is making less and less volatile spikes and drops as it is currently pinched between the converging daily SMA 50 and 200.(more…)