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.

Downgrade Slow Fade

By -

I’m starting to wonder what it’s going to take.

Last night, I was unaware that Moody’s had even put the U.S. on its watch list, and it seems the market didn’t realize it either. The futures opened basically unchanged and ever-so-slowly creeped down for a few hours. Since then, then have erased a portion of those losses, and as I am composing this seventy-five minutes before the opening bell, the potential downgrade of the debt of the United States is crashing the S&P 500 futures by all of one-fifth of one percentage point.

(more…)

Stopgap THIS

By -

As you well know, our “government” somehow managed to cobble together a stopgap funding bill which allowed these lumbering waste-of-everything bureaucrats to operate for another pitiful six weeks until they all go through the entire charade again. This completely surprising news on Saturday, however, caused euphoria among the 99.999999999% of humanity known as permabulls and compelled them to slather the web with gleeful taunts, laughing hysterically at anyone foolish enough to “bet against America“: (as if THAT was a bad idea)……..

(more…)