Guns & Guns & Guns & Butter
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.
The Culprit
I wish it had sunk through my thick skull on Oscar night in mid-March, but it’s screamingly clear now that the horrific distortion which has taken place in stocks isn’t due to Cathie Wood, Jim Cramer, or Artificial Intelligence. It all has to do with the latest handout to billionaires from the government in the form of the BTFP. You can plainly see in this layered chart that the moment that witch Yellen threw over $100 billion (yes, $100 billion, and climbing constantly) at the market, she made every bull ecstatic. It’s pretty much tick-for-tick.
Happy 4th of July
Yet More Oversight
Oh, I’m sure this’ll turn out just dandy. I wrote about just such an intrusion into our daily lives in my novel.
China Bans Bearish Content (by LZ)
A bear market signal triggered in China:
China Bans ‘Negative’ Finance Writers as Stock Market Sinks
Wu Xiaobo and two other writers who weren’t fully named “attacked and undermined” Chinese policy and spread “negative and harmful information,” according to a statement by Sina Corp.’s Weibo on Monday.
Wu has 4.7 million followers on the Twitter-like social media platform, making him one of China’s most influential writers about finance. He regularly writes for Caixin Global and has published bestselling books on Tencent Holdings Ltd. and China’s economic transformation. His recent posts have been deleted, making it unclear what triggered the ban.
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