Perhaps you’ve heard of the way to make God laugh: tell him your plans. I suspect the treasonous fool Jerome Powell fits in that category. Behold the four charts below.(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.
Oh. My. God. This is so awesome.
I have spent the weekend beating myself up for not being totally short. I watched with chagrin as the weekend indications showed the Dow dropping 1100 points at the opening bell on Monday. And yet, God bless ’em, the Federal Reserve and its timorous chairman, Jerome Powell, have absolutely panicked. As described over on ZeroHedge, the measures they took include:(more…)
With the Fed’s absolutely laughable failure today, I thought it would be appropriate to do a post specifically about this malignant cesspool.
Allow me to present to you the roster of that most sinister of organizations, the Federal Reserve. Click on it so you can read it. The key point is that it has 18,000 employees. Eighteen. Thousand.(more…)
The darlings at the Federal Reserve did, for a little while, attempt a feeble effort at “normalization” by selling off some of their trillions of dollars of assets, but of course the weak-willed and utterly amoral Jerome Powell abandoned that effort. Take careful note of this chart. As you can see, the assets held will soon cross into new record territory.(more…)
Any time I look at a long-term chart of economic data from the U.S., there seems to be an important inflection point at 1979. For example, wealth equality seemed to reach its peak then, but then it “V-bottomed” and has never looked back.
I thought of this recently when I was messing around in the economic database within SlopeCharts and looked at the debt-to-GDP ratio. Look at what was going on from about 1965 to 1979:(more…)
Today from Fed Chairman Powell…
Federal Reserve Chairman Jerome Powell said Wednesday the central bank would fight the next economic downturn by buying large amounts of government debt to drive down long-term interest rates, a strategy that has been dubbed quantitative easing, or QE.
Of course they will. The fix is always in, isn’t it? Wouldn’t want to let a system and associated economy so far out on a brittle limb weighed down by exponential debt leverage go it on its own, now would we? Wouldn’t want anything like a naturally functioning economy because until an utter and complete crash and clean out, there can be no such thing. So more debt manipulation it is!(more…)
You know my 2020 mantra: bullish bonds, bullish gold, bearish equities. We’ve made terrific progress this week, and most particularly, today. If you are a regular visitor to Slope, and you appreciate my 365-days-a-year work on it, kindly sign up for a premium membership.(more…)