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.

Liquidity Update

By -

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.

(more…)

Yellen’s Greatest Crime

By -

Humans are, I believe, fundamentally decent and honorable creatures. A tiny percentage of them are psychopaths, sociopaths, and malevolent, and Treasury Secretary Janet Yellen is one of the best-known and powerful among them. She runs contrary to everything I hold dear: natural, organic markets defined by the creation of true value and the free exchange of goods and services in an environment which rewards creation and punishes sloth and corruption. This lifelong government shrew had her greatest victory yet six months ago when she created this monstrosity:

(more…)