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.

China Goes Ape

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Want to read a word salad? This is from the Communist dictatorship of China regarding their “economy“. You might want to have an air sickness bag nearby. Here we go:

“It is necessary to help enterprises tide over difficulties. It is necessary to look at the current economic situation comprehensively, objectively and calmly. Face up to difficulties, strengthen confidence, and effectively enhance the sense of responsibility and urgency to do a good job in economic work.”

You get all that? Feeling OK? I’ll understand if you need to lie down for a while. Anyway, the preceding nonsense was their sweaty-handed explanation about why they’re firehosing TRILLIONS of Yuan into their so-called economy, since their real estate market is collapsing, their equity market peaked years ago, and the only thing they care about besides money – – brutal power over the masses – – is being threatened. Thus, they got out the thesaurus, found all the words they could related to confidence, and let fly with their verbal money shot.

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China in Perspective

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Following the insane firehose of stimulus, liquidity, and corporate welfare from the Communist Party of China overnight, measured in hundreds of billions of Yuan, Asian markets have absolutely exploded. Allow me to put things in perspective.

Below is the top Chinese ETF in our own fair republic, symbol FXI. Given the historic rise in the price of FXI today, it has returned to the same price it was………..FIFTEEN YEARS AGO. So, congrats, China, on plunging helplessly into debt for this little bit of political-motivated good news. You’ve managed to match the price of FXI when Obama was still learning his way around the White House.