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.

Forgive and Forget

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On Thursday, this headline caught my eye:

Let that sink in for a moment. People in this country, most of them in their late teens or early twenties, borrowed over one-fifth of a trillion dollars. That money went into the pockets of educational enterprises (with fat administrative salaries, tenured professor paychecks, and God knows what else). The people who borrowed the money blew off the debts. And now those stupid enough to be responsible are stuck holding the bag.

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“We Will Use Those Tools”

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Today from Fed Chairman Powell…

Powell says Fed will aggressively use QE to fight next recession

Federal Reserve Chairman Jerome Powell said Wednesday the central bank would fight the next economic downturn by buying large amounts of government debt to drive down long-term interest rates, a strategy that has been dubbed quantitative easing, or QE.

Of course they will. The fix is always in, isn’t it? Wouldn’t want to let a system and associated economy so far out on a brittle limb weighed down by exponential debt leverage go it on its own, now would we? Wouldn’t want anything like a naturally functioning economy because until an utter and complete crash and clean out, there can be no such thing. So more debt manipulation it is!

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