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.
This chart is jaw-dropping. It shows the percentage of government revenue that goes out to interest (in other words, for absolutely no government services or product at all: just to pay off those who loaned money in the past). The shamelessly irresponsible U.S. government is shelling out well more than ten cents of every dollar to pay out interest, edged out only by Mexico. How’s that for a model of fiscal responsibility?
As you surely know, on August 24th, Treasury Secretary and fabled power bottom Scott Bessent swished his way up to the podium and announced in a firm, turgid voice that the world was going to find out what FAFO was all about and that he was going to strangle Iran economically. He made no bones about it.
A very good video about our revolting Treasury Secretary:
I read that Scott Bessent has declared his complete omniscience as well as omnipotence with respect to the Yen and, as he manipulates the USD/JPY lower, that anyone crossing him does so at their peril. To wit:
As a young person, I was provided plenty of information that I suppose would be characterized as received truth. I was informed that, as our Declaration of Independence cited, all men are created equal. I believed that. I was told that democracy, which meant one person=one vote, was the best form of government. I believed that.
I believed a lot of stuff as a kid. These days? Not so much.
