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.
When FTX blew up, the universal cynical chorus was unanimous: “He’s going to get off, because he made all those political donations.” People get a kick out of seeming worldly, sneering at those of us who thought that the evidence was overwhelming and justice would prevail.
Well, prevail it has, and I suspect SBF (and his parents, for that matter) will all die in prison.
On that jolly note, let’s take a look at a financial instrument which was at the center of all this insanity, and what caused the downfall of SBF and his corporations: specifically, the FTT Token.(more…)
As the market continues to rage higher, demolishing any remaining bears, I took a tour through my 30-symbol ETF list and plucked out the 11 which seemed worth sharing. In each of these, I have highlighted what I consider to be the appropriate stop-loss (AKA bears-are-even-more-screwed) levels. As usual, click on any of these for a screen-filling version so you can see the number clearly.
Well, the demolition of the bears this week is going to be a five-for-five affair, as the latest jobs data shows rising unemployment and weakening earnings, which is music to the Fed’s ears. Yep, wages are growing at 0.2% a month, which explains why a teenager can score over $20 an hour flipping burgers these days.(more…)