Spot-on! And remember, Jackson Hole is coming up the last week of this month. I leave on Thursday to begin my incantations to break the spell.
That Bond Channel Worked
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.
Some Jaw-Droppers
I stumbled upon the latest long-term projection of U.S. from the Congressional Budget Office, and even if we ignore the fact that these projections are based on rosy estimates with absolutely no surprises along the way, these are some jaw-dropping charts. And, spoiler alert, things will be WAY worse than they are guessing. Anyway…………
Federal debt held by the public is projected to equal 202 percent of gross domestic product (GDP) in 2051, and the deficit is projected to equal 13 percent of GDP.
Frontline Premiere Tonight
Oh, this oughta be good.
Bond Bounce
The hot inflation numbers are leading to strength for bonds, which is having plenty of secondary effects. Here we see the /ZB futures, which as of this moment are holding on to a modest gain for the day.
I Do Declare
It’s a tradition of mine to read the text of the Declaration of Independence every 4th of July. Here it is below, with a few bits boldfaced by me:
In Congress, July 4, 1776
The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
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