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.
Is Precious Ready?
Before I begin, let us acknowledge the completion of the historic Trump/Xi summit in which absolutely nothing of substance at all was accomplished or announced, with the notable exception of Elon Musk balancing some silverware on his fingertips for the amusement of the tech titans table.
Goldilocks Painted Into Existence
Goldilocks has been our favored short-term outcome, and she just took a step forward
Yesterday, the FOMC did the very much expected and hiked the Fed Funds Rate by .25% while jawboning another to come. Let’s leave aside that they are supposedly fighting “inflation” with a dumb monetary tool that has little to do with fighting the war and tariff-driven price increases that people are calling “inflation”.
I’ve written til my fingers fall off that price increases are not inflation. They are the effects of the inflation that was created in Q1, 2020 by the Fed (monetary) and government (fiscal). These effects manifested in 2021-2023. Birthed under Trump 1.0, made worse under Biden (Yellen channeling through Powell: “inflation is transitory”).
(more…)Precious Power
For the first time in many weeks, I went long gold yesterday. Looking at overnight action (up 1.41%), so far, so good.
Bobby Klein
This is a terrific and very educational interview:
