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.

Now What?…………………Evil Plan 73.0 (by BDI)

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Well, my fellow Slope-a-Dopes, where to from here? The blizzard rages on, that much is clear/blurry. The whiteout will arrive as the storm's violent fury reaches peak strength. The only question that remains is will it bury us alive, or will we escape certain death by borrowing Ben's 300hp QE fuel injected turbocharged snow blower to dig our way out.  Will the global economy rapidly descend into a deep freeze sending all financial thermometers to sub zero Centigrade, or will the coming coordinated round of massive global Central Bank snow blowing thaw all risk assets back up to Fahrenheit 451?  

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Ben Bernanke: ‘How You Like Me Now, Suckas?’

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A newsletter that was actually pretty workmanlike, charting what it needed to chart and setting its market parameters as usual, ended a little weirdly as the writer had obviously not yet fully processed and resolved his feelings about the Fed Chairman and his brilliantly conceived operation whereby the Fed feeds favored economic areas (hello housing index) through long term bond purchases and sops up the money supply by selling short term bonds.  The result is a painting, a representation of reality as dreamed up by an academic genius.  This was the 'wrap up' segment to NFTRH196:

Bernanke: How You Like Me Now, Suckas?

Gold is twisting around and being restrained by policy. This policy makes it appear that the system is just fine. But this is just a painting, a fraud. A powerful entity is selling non-strategic T bonds to buy up strategic ones. It is painting the macro economic picture in a brilliantly despicable operation to keep previously popped bubbles like housing and current bubbles like government credit alive with no need as yet for outright printing. Markets, including the gold market, seem to buy it.

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Dealers Decline Bernanke Twist Invitation

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Second item down, check it out from Bloomberg.

http://www.biiwii.com/analysis.htm

In this week's letter we noted a situation (via Sentimentrader.com) in Treasury bonds where Wall Street strategists were bullish T bonds and bearish the stock market to epic proportions.  Now, here comes a Bloomberg article (the Sentimentrader data was compiled with Bloomberg as the source) showing Wall Street dealers in direct opposition to the Fed and its desire to buy long dated Treasuries.

NFTRH is on a caution stance for the short term and reading things like this makes me all the more firm in that stance.  Not because I want to go against what could be a contrarian setup, but because things are very uncertain at the moment and it says here that we should always manage risk first, speculate second.

http://www.biiwii.blogspot.com