As we all pretend things are terrific, the Fed is in the final throes of “normalizing” policy. Don’t expect things to remain normal next year, folks.
The Normalizing Fed
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.
The Great Unwind
It’s fascinating to see how the trillions of dollars of “help” during Covid have reversed. I do not pretend to understand this stuff, but I offer it to brighter minds than mine. All I see before me is a near complete reversal of what was transpiring in 2020/2021. First there’s the Reverse Repo, which for the life of me I cannot get through my thick skull:
Cooking with Pooh
The Chinese stock market has blasted higher by 40% in just a few trading sessions, thanks to the Communist Dictatorship, desperate to cling to power until the end of time, continuing to spray trillions of yuan all over the backs of Chinese “investors” who were growing weary of losing money. In the end, it’ll end in catastrophe, but so far, it is resulting in an unprecedented rally.
Liquidity Memory Lane
I used to be obsessed with Thursday afternoons, back in the day when some F.R.E.D. information seemed able to predict where the S&P was going. It’s been a while, so here are the four component data sets, which have been swooning lately:
