Well, it’s that time of year again – – late August, when the annual Jackson Hole conference o’ surprises appears. This article from Bloomberg makes it plain what’s coming up with the big closing speech this Thursday morning………..
Ripping a New Hole
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.
Bond Break
After climbing steadily for months, bonds (by way of TLT) have broken their intermediate-term uptrend.
Sub-Zero
Thanks to the multi-trillion dollar help from our buddies at the Fed, interest rates are reaching depths no one would dare imagine even a couple of years ago. 30-year fixed mortgages that start with the number 2? Incredible! Care to divine the trend of interest rates?
Ruined Rate Review
It’s going to be a dead-quiet holiday weekend, so let’s just relax with the traditional Independence Day palette of interest rate charts. Suffice it to say, it’s a great time to be in debt. David Stockman has been doing a yeoman’s job of analyzing the repression of interest rates in his Contra Corner, which I read religiously each evening. Here is the zero-fi-cation of interest rates these days…….(click on any chart for a huge version):
Statutory Rate
As mentioned yesterday in my Bonds Away post, the TLT had cracked support, thus completing the bullish pattern for TBT. It continues today, even stronger.
