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.
See P.I.
The closely watched monthly CPI data is out, and the big news is that in spite of the tariffs, inflation has – – for the 5th month in a row – – come in lower than expectations. Thus, equities are once again, on the whole, at lifetime highs.
This Morning’s Biggie
Apparently, it’s all about the CPI at this point. I will point out that, for the past four months, the number has come in BELOW expectations. Tomorrow’s expectation, for what it’s worth, is 0.3%.
Crack-Up Booming
Credit expansion, AKA more and more debt, into von Mises Crack-Up-Boom would bring Stagflation at best, and Hyperinflation at worst in the not too distant future
[edit] Today’s better than expected Payrolls number is just a number. Real? Cooked up? To be revised? Whatever it is, it is in alignment with the article below, written before the data release. It’s a boom, after all!
At more than $36 trillion and due to be pushed toward $40 trillion by the big, beautiful debt bill, the United States is booming baby, booming! Great again, beautiful and will you look at those stock markets, ticking new highs!
Easy now, a Crack-Up-Boom is when credit (along with its evil twin, debt) runs amok. As a whole, our system creates credit and shoves it out into the economy. See The U.S. is Not a Capitalist Country for more on our debt-for-growth addiction in the age of Inflation onDemand, kicked off by Sir Alan the Monetary a quarter century ago.
(more…)Pricey Thanksgiving Türkiye
