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.

Uncork the Central Bank Bubbly!

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What a glorious global economic gala!  Apparently, contracting world GDP growth, monumental sovereign debt loads, ballooning central bank balance sheets, crashing commodity prices, competitive currency devaluations and synthetically suppressed interest rates, as far as the eye can see, are all great tidings to be joyously celebrated throughout this holiday season.  Well, at least that’s the takeaway according to the whooping wonderful world of capital markets.  Have no fear, all is perfectly in order.  Jamie Dimon, Jim Cramer, Larry Fink and Company all have our back. The rest of us mere mortals are simply supposed to stand aside and take their professional word for it, silently sipping the financial establishment’s spiked eggnog until we attain a sheepish state of stupid stupor.  After all, the money experts at the Fed are on the case, what could possibly go wrong? (more…)

The Fed’s Black Swan

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This CNBC article starts off with the usual pablum about interest rates and how the Fed may decide to hold off beyond next spring given the lack of inflation expectations and effects in the economy. It’s brain melting mainstream media Pap 101.

Fed now expected to stay lower for a lot longer

Really? Ya think? As if its ears were burning here comes my favorite US market related macro chart…

sp500
Mark-up of a chart created at SlopeCharts

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I Rest My Case….

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Regarding my post of  November 18th, what more can I say? Central Bankers continue to offer proof, as mentioned in today’s Zero Hedge article.

Here’s a shot of the S&P 500 E-mini Futures Index as it trades pre-market today. Although price has been climbing, it has been doing so on declining momentum…however, it’s still above the zero level, so it can be considered cautiously positive.

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Myopic Domestic Delusion or Planned Monetary Demolition?

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Over the years, much to his credit, David Stockman has consistently been vehemently emphatic when it comes to exposing the abject menace of unfunded fiscal overrun and overt monetary accommodation.  Today, Stockman has become a veritable tour de force wrecking ball, directing his outrage squarely at the entrenched political and monetary establishment that has foolishly and recklessly ignored these undeniable economic malignancies that he has been tirelessly forewarning. (more…)