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.
In case you are wondering if Jerome has let off his plans to completely destroy the nation………..as you can see from the chart below of the Fed’s fabrication of money to increase the asset values of the 1%, the printing presses continue to work morning, noon, and night! Congratulations, permabulls! Absolutely vomit-inducing:
Another little thought experiment – – and I welcome corrections or new insights on this.
The Fed has made it clear they want inflation. They want it at 2% or above, and they’re willing to let it go decently above that level for a while before they consider raising rates. They’ve said so repeatedly.
At the same time, trillions and trillions of new dollars are floating around out there. Adjunct to this, the world has never been so in debt. It hasn’t stung too much, because interest rates are so historically low that the burden of interest rate expense today isn’t much different in nominal terms than it was twenty years ago, even though we are dramatically deeper in debt. So the government is a bit spoiled by near-zero rates.
First, I want to acknowledge how I have not been my usual prolific self. My disposition toward my health is binary: I am either (a) immortal or (b) at death’s door. And (b) does not require anything severe. If I am anything less than absolutely healthy, I become consumed with whatever ailment I’ve got. Annoying muscle pains over the past week have kept me in full blown I’m-going-to-die-any-second mode, but I think it’s abating now. It makes me even more joyful to be around than usual.
Not that anyone asked.
In any case, you know me better than to think I’ve actually been lazy. I continue to work 7 days every week, thinking of little else except Slope and how to make it better. Most imminently , our long-anticipated Mobile App should have its official launch on October 1st, and our increasingly feature-rich virtual trading is making steady progress toward a full rollout this autumn.
(more…)Well, in this fast-moving market, there’s hardly any point in posting intraday charts, but – – at this immediate moment – – “pop and drop”seems to be the order of the day, whether it is gold………
Well, it’s that time of year again – – late August, when the annual Jackson Hole conference o’ surprises appears. This article from Bloomberg makes it plain what’s coming up with the big closing speech this Thursday morning………..
