I stumbled upon this totally by chance, and it’s mesmerizing. These men didn’t know their conversation was being recorded (it isn’t clear who was doing the bugging), but it is riveting, particularly considering how high the stakes were. The mutual respect is also inspirational.
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.
Impeachment Rally
Preface from Tim Knight: just to be really clear, this is a contribution from an outside writer, and is neither my piece nor my opinion.
As the media highlights the potential impeachment process in the coming weeks, many are so concerned that this will be the “cause” of the market drop we are expecting. Yet, history suggests otherwise.
The narrative will certainly play out as follows: The market likes certainty and stability within our government. (Please ignore that this was the same reason many claimed that the market was going to crash if Trump was elected – yet we were pounding the table in expectations of a large rally). However, an impeachment proceeding places us into a very uncertain and unstable situation within our government. Therefore, the market will react negatively to that uncertainty.
(more…)Pension Detention
Control Is An Illusion
The pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market. And, it amazes that the great majority of the market does not realize how much of a waste of time these debates really are.
But, as I often note, many market participants and analysts are simply not burdened by the facts. If they really would review the facts of market history, they would learn that there is no one that can control the market. PERIOD.
(more…)Our Welfare State
After days of virtually nonstop reading, I finally plowed my way through my MMT book. I’m not sure how long it’ll take me to do a write-up, but it’s definitely going to be a Best of Slope entry.
Somewhat related to this is the graph I just saw this morning:
