
History About to Repeat

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.

A few months ago, it looked like interest rates were in the throes of finishing a rounded top and, as in the past, about to head much lower. I’m not so sure anymore. Maybe the rest of the world is thinking the United States probably isn’t the greatest credit risk anymore, eh?

A survey of some especially cool interest rate charts. In sum, in spite of Powell pandering to the audience and dropping government interest rates……….

For those expecting Jerome Powell to keep prancing around and slashing interest rates, because people like that kind of thing – – forget it. Bonds (presented below by way of TLT) are in their 5th year of a massive bear market, and both inflation and higher rates are coming back strong in 2025.

Not that many weeks ago, it looked like interest rates might be easing back in a meaningful way. However, the prospect of renewed inflation seems to be nullifying that prospect. Looking at the interest rate charts below, it seems to be they are gathering enough momentum to reach escape velocity, which is why the likes of TLT are still mired in the doldrums.
