And it’s a very hungry beast, guaranteed to get hungrier by the day!
Feeding the Interest Monster
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.
Potent Inverse Correlation
In what is hopefully the least-surprising graph ever, here we chart the home sales (plunging) and interest rates (roaring higher). This is an economic tidal wave.
Interest Champ
If you want to see just about the most consistent winner of 2023, look no further than plain old TBT, which is the ultra-short fund based on treasury bonds. It is up nearly 200% over the past twelve months, even with the disadvantage of being a leveraged instrument and thus subject to some hard deterioration.
Sensitivity Training
I have made clear that I’m long XLU in a big way. My view is that interest rates have topped out for the moment, as illustrated neatly by the ultrashort fund on bonds, symbol TBT.
2001: A Bond Odyssey
This chart is incredible. It illustrates that the continuous contract of US Bond Futures has returned 0% since the year 2001. Absolutely amazing.
