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.
As a public service, I want to put everyone on notice that, sooner or later, Samuel Bankman-Fried is going to go on trial. He’s going to lose, and he’s going to lose big. And he’s going to be sentenced to life in prison. Bank on it. I know some people here like to wallow in cynicism, but just like you predicted Elizabeth Holmes would “get off”, my prediction she would be thrown into the slammer panned out.
Anyway, what I need to steel yourselves over is that, once the trial is underway, you’re going to see the hideous and weird visage of Caroline Ellison over and over and over again. It won’t be easy. Indeed, it’ll be disturbing. But you WILL get through this. I believe in you.
With the /ES up 0.04% and the /RTY up 0.01% as I am typing these words, the equity futures markets don’t exactly scream out for conversation. While we wait for something – – anything! – – to happen, let’s take a breath and consider Bitcoin, which is worth precisely one-third what it was a couple of years ago.
Have you ever noticed that 100% of all frauds come from bulls? Every single time. It’s their mindset. They have no scruples to speak of. Their only ethos is to separate you from your cash. Look at all the come-on artists, the hucksters, the financial gurus – – bulls, every single one of them.
This isn’t confined to equity fraud, of course. Whether you’re talking about Charlie Javice, Samuel Bankman-Fried, or Adam Neumann, they’re all cut from the same cloth (and fabric). Start-ups, crypto con jobs, fishy businesses. 100% bull flesh. It’s despicable.
It’s heartening, therefore, to see the biggest nonsense of them all – – the entire crypto space – – resume its God-given demise. Bitcoin has broken support.
As we all await the oh-so-important CPI on Wednesday morning, let’s end the day with a couple of crypto charts. The crypto market peaked about four weeks ago (unlike tech stocks, which keep roaring higher) and, should Bitcoin cross below the horizontal I’ve drawn, the selling should accelerate. As it is now, BTC has already shed about 10% of its value.