That we are even having this conversation is proof that we are and have been in…
…Wonderland for years now.
(more…)Fed Rules Out YCC (for now)
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.
One to One
If I see any more articles about how the stock market is clearly showing the “V-shaped recovery” is absolutely here, I’ll strangle whoever wrote it (metaphorically speaking, of course). There’s no recovery. There’s no bright future. There’s just the Fed and their fake bucks.
There is one, count ’em, only one, reason for the market’s rise, and that is Powell’s desire to prop up the stock market for the rich (of which he himself is a member, I might add). End of story. Powell’s cute little “aw, shucks, we’re doin’ it for the average guy” is worthy of the death sentence.
Below is the Federal Reserve Assets Held Outright and the S&P 500 by way of SPY. They are joined at the hip. It is absolutely nauseating to hear anyone to suggest anything except a 1:1 relationship between these two.
(more…)PREMIUM: Key ES Levels
Good evening, my awesome Gold and Diamond members. I wanted to do a brief post this evening about this chart:
Hedge Funds & the PPP
Note from Tim: as a reminder, I put together a spreadsheet of Palo Alto firms that got over $150,000 in PPP loans. Check it out here. If you don’t have an AirTable account, it’ll ask you to sign up for free.
I had noted a few months ago that many of these firms getting the PPP loans were not ‘in the spirit’ of the program.
Without any real ‘oversight’ the compliance part of these loans seems – – – questionable — on some. I am not sure how it all really works, but the American public likely believes these funds should have gone to the ‘small business’, with waiters, waitresses, or bartenders who obviously couldn’t work. This was the spirit of the PPP program.
And, there are others – the people at the gyms and yoga studios. At the nail salon and corner barber shops. There are many, many businesses, and it seems everyone has a hardship story.
(more…)Liquid Liquid Liquid
Well, I guess last Thursday scared the hell out of the traitorous criminal Jerome Powell, who has redoubled his pledge to illegally buy up corporate bonds with impunity. The billionaire Larry Fink, the direct beneficiary of the Fed’s largess, couldn’t be happier.
