The world is getting hyped up about bond yields lately with bonds of all stripes declining, as if we are in the midst of a debt Armageddon (we are and have been in the midst of a decades-long and still intact ‘debt for growth’ Ponzi operation). Here is some perspective…
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.
US Should Recognize First Genocide of 20th Century
By Biiwii
It is disgraceful. Every time Bob Dole would introduce legislation that would have America simply acknowledge the atrocity that was the 20th Century’s first genocide (of the Christian Armenians by the Muslim Turks) it would get shot down. Bob kept trying and other voices cried out but America – across generations and political parties – just continues to put its fingers in its ears and go ‘la la la la la… I can’t HEAR you… la la la la la…’
US should recognize Armenian genocide –Boston Globe
The sheer scale of the murders in Turkey was so overwhelming that Polish lawyer Raphael Lemkin later devised the word “genocide” to grapple with the carnage.
Boom ZERO
There is so much data flying around out there. From the Credit data we reviewed yesterday to weakening manufacturing and exports to employment up nicely one month and down big the next, to frisky consumers (the economy’s ‘back end’, putting it nicely) out there confidently living it up.
Big pictures help us let it all simmer and take out the noise. Here is a big picture for you… and it is an unchanged story; America has eaten its financial seed corn (replacing it with the soft meal known as credit) and financial market analysis is now in the hands of data freaks parsing and quantifying every little twitch on short time frames to draw conclusions and extrapolations based on little more than a black hole (that would be debt).
History is Fact, Part 1
By Biiwii
In writing this post I came to realize that its subject matter is too expansive for any single post. So consider this an introduction to a series of posts that I’ll probably do in the coming months, as facts come to the fore and lend themselves to historical analysis. Two examples are presented below.
You might not be the type who needs or cares to subscribe to commercial market commentary/advice/trading/management services, but one thing we all can do is work through the freely available stuff calling itself ‘analysis’ flying around out there at warp speed and cull what is based on facts or honestly produced analytical work from the other garbage that is all too often based on ego, bias or agenda.
Earnings ‘Outside Surprise?’
Here is one way to put a happy spin on things. Wall Street is increasingly aware of the deceleration in corporate profits and a potential for the upcoming earnings season to be a rough one. This CNBC article dutifully notes these things, but the highlight is one sun shiny optimist who apparently thinks it may already be baked in.
Earnings season could bring an ‘outside surprise’
“Obviously there’s a ton of concern… but my view is that expectations have come down rapidly, and there’s a clear understanding that we’re looking at a real weak environment right now from an earnings perspective,” said David Seaburg, head of equity sales trading with Cowen & Co.
“I think there could be an outside surprise that could carry this market higher, especially given that you have every central bank working to inflate asset prices.”
