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.
Liquidity Update
As we approach the end of this holiday-shortened trading week, let’s close out Thursday with a look at the latest liquidity numbers from our darling friends in the federal government.
First up, we can see that Yellen has continued to hand out free cash to her banking cronies by way of BTFP, with the amount owed clocking in at $108 billion. Nice to have friends in high places, yes? Ostensibly, her 12-month program is now 50% done. I can guaran-fucking-tee you that, in an effort to “support everyday Americans“, that scumbag Yellen will extend the program and soften up its terms even more. The notion that her sickening buddies in banking are going to be handing that cash back is out of the question. Just. You. Watch.
The Bay Area Makes it Tough!
Well, here’s another reason to avoid San Francisco: in order to even feel rich, you need millions more!
Summer in the City
Municipal bonds sounds as boring as can be, but take note of the fund MUB and its prospective rounded top. If we can complete this pattern, it is going to throw a five gallon drum of gasoline onto the small, but growing, bearish fire.
Best News of the Day
This was already a good day, but it got even better when I took a look at the bank ETF symbol KBE. The failure of that horizontal is EXACTLY what I was hoping would happen. HUZZAH!!!
