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.

Control Is An Illusion

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The pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market.  And, it amazes that the great majority of the market does not realize how much of a waste of time these debates really are. 

But, as I often note, many market participants and analysts are simply not burdened by the facts.  If they really would review the facts of market history, they would learn that there is no one that can control the market.  PERIOD.

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And We Wait

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So here we are again. The entire financial world is awaiting the ramblings of an old man who is going to declare which policies are best guaranteed to preserve his nine-figure family fortune. While at the same time hearing him utter his lies about how what he’s doing is for the common folk of the country. It’s sickening.

In any case, that’s where we are, all at the mercy of Jerome Powell and his minions. To my eyes, when I look at the path of interest rates, this chart doesn’t exactly scream to me “bull run“; instead, it screams to me “heading for negative values since that’s all our enfeebled economy is going to be able to support for years to come.

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Economist Lays Out the Next Step to Wonderland

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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…

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