It isn’t just the U.S. government that is incapable of letting nature take its course and eliminate fiscal incompetence. China is just as prone to bailing out disasters.
Eastern Nanny State
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.
Crude Oil Explosion
As you no doubt know, the world’s oil producers dropped a little price on the US of A and decided to turn of the spigot (partly, at least) to their production, thus causing crude oil to instantly rocket higher. As of this moment, which is a mere half hour into the futures trading day, oil is up almost 8%.
BABA Black Sheep
Held Tight at the Fib
It only took a few days early in March for Bitcoin to race up to its major Fibonacci resistance. Ever since then, BLAMMO, it’s pretty absolutely stymied. I find the power of this resistance to be remarkable (which means, of course, if it can ever manage to muster enough strength to get above it, BTC is going to rocket).
Couldn’t Be Any Closer
Well, this is bloody terrifying. Talk about Groundhog Day Revisited: because prices closed precisely, exactly, and accurately at the descending trendline for the S&P 500. Let’s just say Monday’s market action is going to be important.
