Hey, Chinese Communist Party: I realize that “saving face” is of paramount importance to you, but you’re embarrassing yourselves. The Chinese stock has lost $6 trillion dollars of value, fair and square, and it actually should be a lot more. All these “interventions” you are initiating work for a week or so, but the effect wears off, and you’re back to where you were……….except with even MORE debt (over 300% of GDP and counting). So wise up.
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.
Sorry for the blank post earlier, folks! I got mightily distracted with some surprising news. In any case, the point I wanted to make was about bonds, seen here by way of TLT, which as you can observe was nicely rejected by its broken trendline late in December 2023.(more…)
Living proof of the adulation humans have for Big Round Numbers. They couldn’t quite do it Wednesday, but by God, they nailed it on Thursday with just seconds to spare.(more…)