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.

Losing Magnificent Momentum 

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The momentum surrounding artificial intelligence (AI) is steadily beginning to wane following recent disappointing earnings seasons that involved several of the biggest U.S. technology companies. 

Though the reported results weren’t the worst we’ve seen, in fact, some companies reported better-than-expected results, the overall performance on the stock market was relatively muted, despite some big-tech names delivering improved results. 

After starting 2024 at a sluggish pace, investors are beginning to wonder whether the hype surrounding artificial intelligence and those companies fueling the development will continue to hold their momentum in the coming months and heading into 2025. 

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Money Mistakes Costing Investors

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Money Mistakes Costing Investors Their Retirement. Is There Time to Rectify?

The American workforce is experiencing a “silver tsunami” as a record 4.1 million Americans are predicted to turn 65 years old this year, and every year from now until 2027, according to a report by the Alliance for Lifetime Income. In the same report, data suggests that an average of 11,000 65th birthday celebrations will be held every day from now through to December 2024. 

America has reached peak retirement age, and with millions of workers soon stepping out of the workforce and claiming their spot on the retirement bench it’s time to start taking stock of how older individuals have been investing their nest eggs over the years, and how the next generation of savers can rectify these mistakes before they end in the same position. 

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Americans Spending Their Money

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American consumers remain among the biggest, and perhaps strongest spenders on essential and non-essential goods, however rising prices and sticky inflation are seeing overall optimism sink as their savings accounts are being drained and credit card debts start to pile up. 

Though consumer optimism may be reaching levels last witnessed in the 1980s, broader consumer inflation continues to decline with May seeing a 0.1% decline in the consumer price index (CPI), and with year-over-year inflation ending the month at 3.3%, according to the U.S. Bureau of Labor Statistics. 

While prices of goods and services may be cooling, many Americans aren’t leaving the grocery store with more in their shopping carts. In fact, many consumers now feel less positive about the current state of the economy compared to the last quarter of 2023. 

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Move Over America! 

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China’s Luxury Goods Market Is Making A Comeback

While nearly 78 percent of Americans are living paycheck to paycheck, an increase of 6 percent between 2022 and 2023 according to a recent survey, Chinese consumers are showing up and dishing out luxury goods and services as the market is set for a strong recovery in the year ahead. 

In the latest China Luxury Report by Bain & Company, analysts predict that China’s luxury goods market experienced a comfortable 12% year-on-year increase in 2023. The rebound has seen China’s domestic luxury goods market recover from previous declines during the pandemic years, however, is still slightly below the record level of 2021. 

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Move Over America

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China’s Luxury Goods Market Is Making A Comeback 

While nearly 78 percent of Americans are living paycheck to paycheck, an increase of 6 percent between 2022 and 2023 according to a recent survey, Chinese consumers are showing up and dishing out luxury goods and services as the market is set for a strong recovery in the year ahead. 

In the latest China Luxury Report by Bain & Company, analysts predict that China’s luxury goods market experienced a comfortable 12% year-on-year increase in 2023. The rebound has seen China’s domestic luxury goods market recover from previous declines during the pandemic years, however, is still slightly below the record level of 2021. 

The same Bain & Company report estimates that by the end of the decade, Chinese consumers will represent between 35% and 40% of spenders in the luxury goods market. 

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