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.
I’d like to start off with something the comic Todd Barry said when he was presenting at the Comedy Central Roast of Chevy Chase many years ago:
When I found out I was going to be roasting Chevy, everyone pretty much said the same thing: They said roasting Chevy Chase is like shooting fish in a barrel. Actually it wasn’t “everyone” it was just my four-year old nephew. But roasting Chevy Chase isn’t as easy as shooting fish in a barrel. It’s as easy as looking at fish in a barrel. It’s as easy as being somewhere near a barrel.
This is precisely how I feel about illustrating the horrific stock market picks of the $5,000,000/year (CNBC base salary) investing “guru” known as Jim Cramer, who is perhaps the most famous stock market prognosticator on the entire planet. He’s so famous, he was even featured in the Iron Man movies.
We have not had an honest-to-God bear market in ninety years. But what about 2008? Or 2001? Or 1987? Yeah, yeah, the market went down, it’s true, but in every single down-market since the 1930s, the federal government has intervened to stop the bleeding. The natural, organic, and marvelously healthy process of a sweeping financial cleaning hasn’t been permitted since the days of FDR, since the nanny state government feels duty-bound to spare its citizens anything that might hurt even a little bit.
The last big cleaning – – which spanned 1929 to 1933 – – spawned laws and cultural changes that benefited the United States for nearly seventy years before they were dismantled. The most egregious “help” the government has offered came, of course, during the last little downturn, during a few weeks in late February and early March of 2020, which was met with trillions and trillions of dollars of stimulus, forgiveness, and all-around federal fellatio.