The following is the opening segment to this week’s premium letter, NFTRH 242. The balance of #242 went on to discuss the technical status of US and global stock markets, key commodities, the current status of ‘inflation expectations’, precious metals and currencies; all in detail. (more…)
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.
A ‘Carry Trade’ Returns?
As I was charting long-term Treasury yields in NFTRH 241, I ran a chart of the ratio between the banks and the S&P 500 and what do you know? The ratio had broken out to the upside right along with long-term interest rates. ‘Hmmm…’ said I, ‘maybe this is relevant to the analysis.’ 😉
Excerpted from NFTRH 241: (more…)
Gold and Silver as a Macro Sign Post
The last week has been a fright fest for the gold “community”. But these are the financial markets, not a community. There is a world outside of what ever is going on in gold and silver. A macro economic backdrop filled with entwined and correlated assets and markets all trying to form a message when taken as a whole.
Sure, gold – as a monetary metal – is a big one when it comes to macro indications, but what is really important is the great question that has been ping-ponged about for many years now between intellectuals on either side of the debate; inflation or deflation? (more…)
Funny Munny on the Run
Excerpted from this week’s edition of Notes From the Rabbit Hole, NFTRH 230:
Funny Munny on the Run
US monetary policy makers have enjoyed a Goldilocks environment since
they began the most intense phase of inflationary monetary policy,
which we will define as post-Operation Twist, beginning in January of
2013. Goldilocks held sway because of a lag in inflation’s rising cost effects in the transition from economic contraction to economic expansion.
But the expansion (such as it is) was willed into existence by a Fed
sopping up commercial and government bonds (legacy debt) with newly
printed money. The story goes that this newly printed money will
somehow enter the economy and become accretive to productive economic
activity. But it will not.
Don’t Let the Door Hit You in the A$$ on the Way Out Goldilocks
US Consumer Prices Rise .7% in February
CPI rises, from MarketWatch
From ammo to zuchs… too funny.
Let’s remember that inflation is not this headline about prices.
This is a result of the inflation that has been systematically
administered by Dear (Monetary) Leader since well, 2009 and most
recently and intensely, since the dawn of 2013 (post-Twist). Let’s
remember that the current expected economic bump (and this site expected
it dear bull apologists) was not going to come without a cost. Let’s
remember that Bernanke is the same buffoon he was perceived to be in
2011.
