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.
The IRS is cranking up its audits against the rich. It’s insane that the political atmosphere is such in D.C. that pouring money into the IRS is even an issue. It is the ONLY part of the government in which $1 in yields more than $1 out. I fully support aggressive audits for all persons above salary levels that just happen to match my own.
Below are the charts of reverse repo, inverted, with crude oil (CL) and the Nasdaq 100 futures (NQ).
As we approach the end of this holiday-shortened trading week, let’s close out Thursday with a look at the latest liquidity numbers from our darling friends in the federal government.
First up, we can see that Yellen has continued to hand out free cash to her banking cronies by way of BTFP, with the amount owed clocking in at $108 billion. Nice to have friends in high places, yes? Ostensibly, her 12-month program is now 50% done. I can guaran-fucking-tee you that, in an effort to “support everyday Americans“, that scumbag Yellen will extend the program and soften up its terms even more. The notion that her sickening buddies in banking are going to be handing that cash back is out of the question. Just. You. Watch.
Quite the diminishment is represented below. The key word, though, is PRIVATE businesses. The cities, counties, states, and federal employees have helped make up the difference, as they are more than happy to protest en masse to get increasingly out-of-this-world compensation.
