Even I was surprised to see the size of my little town’s financial dilemma:
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.
Control Is An Illusion
The pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market. And, it amazes that the great majority of the market does not realize how much of a waste of time these debates really are.
But, as I often note, many market participants and analysts are simply not burdened by the facts. If they really would review the facts of market history, they would learn that there is no one that can control the market. PERIOD.
(more…)Our Welfare State
After days of virtually nonstop reading, I finally plowed my way through my MMT book. I’m not sure how long it’ll take me to do a write-up, but it’s definitely going to be a Best of Slope entry.
Somewhat related to this is the graph I just saw this morning:
A Strong Bond
A few days of weakness, and the world was ready to declare the 40-year bull market in bonds to be over. Not so fast! My view is that this touch of weakness simply sealed up a price gap, and now we’re starting to get some strength again. The big day is exactly two weeks from today – July 31, the last day of this month, when the Fed does their thing.
