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.
Mr. Steven Ricchiuto, he of a Masters in Economics from Columbia, has
laid out the proper plan for the Federal Reserve in this oh so noisy
environment in which an unassuming and fairly quiet man is trying to
tune out a personal bully on Twitter, tune out the stock market’s daily
whipsaw and do what he perceives to be the right thing.
Today, the academic named above throws in with Trump and politely
harangues Chairman Powell thusly in an open letter. You can read it by
hitting the graphic…
Amazing isn’t it? It was only back in H2 2018 when everybody but you
(because you are as smart as I think you are or because you read NFTRH or nftrh.com) and me was unbelievably bearish about the TREASURY BOND BEAR MARKET!!!
Today… not so much. The herd is absolutely pile driving bonds right now.
Have you heard the news? US Treasury bonds are sky rocketing as it
turns out there is no inflation amid a global central bank NIRP-a-thon
and race to the currency bottom. Going the other way, our 30yr Treasury
yield Continuum is burrowing southward.
If you check out yesterday’s post you’ll see proof that the 2018 NFTRH view that people should tune out the bond experts instructing BOND BEAR MARKET!! was 100% on target.
vampire needs to be invited in order to enter your house. So the story
goes. But in this case, we are talking about the Macro house, with its
nexus in the USA and its Central Bank.
The charts are super interesting to look at. How quickly things turn, as if on a dime.
The following is the Currencies segment of this week’s edition of Notes From the Rabbit Hole, NFTRH 546. The fate of the US dollar will of course play into a global macro trade per Friday’s post.
A reminder that we are not using the standard gold bug method of evaluating the USD (perma “death to the dollar!!”).
We are using fundamentals in evaluating its potential to correct (and
launch a global macro trade). The blue shaded boxes on this weekly chart
tell the story of Fed policy (Fed Funds/3 mo. T-Bill) that
significantly lagged the upturn in the 2yr yield into late 2015. But USD
turned up much earlier (in 2014) to follow the 2yr.
Since NFTRH 543 was also known as the ‘What if… Inflation?’ report, I was attuned to the subject; and on cue here comes Keith Weiner with a knockout punch.
Keynes Was a Vicious Bastard, Report
He goes off on the evil (and I do mean evil) genius, John Maynard
Keynes before moving on to his usual gold and silver supply/demand