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.
Quantum computing has been a red-hot sector until just recently. To my way of thinking, this is just a hot potato, and everyone is passing it around, hoping not to be the one who gets burned. There is no business at all in quantum right now, and this technology might still be decades off. People get hyped about stuff like fusion energy, 3-d printing, gene editing, and all kinds of other stories that investment banks like to push. This is just the latest.
If you had asked any trader yesterday what today would be like, I suspect they would spell out precisely the opposite of what we are seeing right now. Right on the heels of an unprecedented attack against Iran, as well as threats of sealing off the Strait of Hormuz, we have crude oil going into an absolutely free-fall:
Here’s something kind of eye-opening: California is an incredibly rich and prosperous state, and yet our public transportation sucks. Los Angeles has a relative GDP that is twenty times the size of Tehran, yet the ridership of its rail system is not even 10% of the Iranian capital. Look how much more complete the rail system is compared to the city of angels.
Following the historic bombing of Iran over the weekend, the reaction to which was an over 600 point drop on the Dow according to the Weekend markets, some cynics began to write “It’ll be green by the open!” Yeah, yeah, you silly boys. Give me a break. Not this time. It’s WW3, after all! And yet………
