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.

Trade Update (by Binkius Hippo)

By -

The amazing thing is that neither Trump nor the American people know what they want from the trade war. China knows exactly what it wants and needs.

Trump seems to want “even” trade with China. Both countries export/import the exact same amount from each other.

The American people want jobs. Trump’s “even” trade goal won’t help that. Reduction in Chinese imports will be filled completely by new trade with: Korea, Taiwan, Vietnam and Thailand. It will all be more expensive to the American consumer than trade with China because Korea, Taiwan, Vietnam and Thailand are all more expensive than China (but vastly and by American standards, incomprehensibly cheaper than any American manufacturing).

(more…)

Proxy Trade War

By -

The latest from Binkius Hippo: The trade war is a proxy for the fight between democracy and autocracy in the digital age.

The trade war is not about fighting for jobs. 25% tariffs will not work.

GM is spending $1.5 MILLION to create EACH job position at Lordstown assembly. The Peterson Institute estimates that it costs $900,000 for each steel worker job. These type of skilled-trades jobs pays $3/hour in Taiwan and $1/hour in China. Korea is a bit more expensive than Taiwan, but Vietnam and Thailand are much cheaper.

(more…)

New Macro Page

By -

Another day, another feature!

Before I began, I want to lay a bit of public radio-flavored guilt on you. If you are on Slope regularly, and you are not a paying subscriber, I encourage you to get a premium account, even the inexpensive Bronze level, to support the time and expense that goes into this site. To be honest, it’s the decent thing to do, and I would appreciate it. Thank you.

Here’s the new goodie today:

(more…)

Nest Egg

By -

The world was presented with a tremendous opportunity in the thick of the financial crisis over a decade ago. There was a crucial juncture in the road we collectively needed to decide upon. In one direction was hardship, austerity, and a re-balancing that would have meant a few years of pain but, in the end, a path to true prosperity. In another direction was the easy way out with freshly-created trillions of dollars to paper over all our troubles and spare ourselves any more discomfort.

As a planet, we chose the easy route. Big surprise.

What has taken place over the past ten+ years has been so gradual, so steady, and so all-encompassing, that the madhouse we all occupy goes unnoticed by virtually everyone. I often ask myself why most people don’t puzzle over where the tens of trillions of dollars of debt came from, where it went, and how, if ever, it could be paid off. Most people, let’s face it, are dumb as posts, and have the attention span of a Kardashian, so virtually no one dare trouble themselves with considering any of this.

(more…)

Pendulum

By -

Allow me to start off what is intended as an economic musing by referring to a favorite comic of mine, Patton Oswalt. He has a fairly new bit in which he explains the Trump phenomenon as a totally understandable response to the Obama presidency.

The political pendulum in America, deep in the throes of the financial crisis, had swung so far that the United States elected its first black President, and a rather progressive one. After eight years of that, the “mirrored” response was to elect a political novice known principally as the billionaire star of a reality television show.

(more…)
Do NOT follow this link or you will be banned from the site!