Central Banks & Crypto
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.
Happy 34th Deathday
A moment of silence, please:
It was 34 years ago today that the market crashed, which prompted the government to “help” everyone and begin the slow, merciless strangulation of natural, organic, capitalist equity markets. People used to bitch and moan about how markets have always been manipulated, but pre-1987 traders honestly had no clue how good they had it. I would give anything to have a market like that again, instead of this clown-show we have every day. Amen.
Woven Like a Noose
I don’t think a single person here needs any more evidence that the Fed is totally, completely, and utterly in control of equity markets. All the same, I wanted to show you a couple of dual SlopeCharts to help drive this point home.
This first one shows the total Fed assets (a figure which used to linger in the lower hundreds of billions and was used to tweak things now and then, but now has grown into a laughable nearly $9 trillion slush fund). You can see how the financial crisis in 2008 was met with an enormous heroin-shot of asset purchases, which at the time took months to take effect.
Got a Minute?
Well, Pencil Dick Jerome Powell released the Fed Minutes for the sake of his billionaire butt buddies. Let’s see how this pans out. He should worry. God is on Tim’s side. Not Jerome’s.
Overnight Repo Goes Berserk
