It seems that Ben Bernanke’s term as head at the Fed is coming to an end and that he will most likely be replaced in January 2014. That brought to my mind Isaac Newton’s famous comment that ‘if I have seen further than others it is because I have stood on the shoulders of giants’. In defense of Ben Bernanke’s record at the helm of the Fed, he was standing on the shoulders of his pygmy predecessor Alan Greenspan, and perhaps he would have seemed less of a pygmy himself had he not followed one of the least farsighted and most reckless Fed Chairman in history. (more…)
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.
1929 Analog – Part One
Kiwi Flashback to 2008
Since the latest EP is, as usual, generating a mountain of comments, I thought I’d put up a comment-cleaner before turning it for the day.
I’ll just leave this simple chart here for your consideration – – the NZD/USD recently broken a long-lived ascending trendline. It did exactly the same thing in early July 2008, a few months before some real fun began. Take it for what it’s worth. (more…)
Occam’s Razor
I was expecting yesterday’s post to be a bit controversial and it was. However the job of the analyst is to see the evidence, assess it, and analyze the relevant data to reach a conclusion. This might be described as the SAA method. If you reverse this to start with your conclusion, you risk making an AAS out of yourself. 🙂
Occam’s Razor is the proposition that when there are a number of competing hypotheses to solve a problem, then the simplest hypothesis is likely to be the correct one. In essence this is a mathematical expression of the truism that if something looks like a duck, sounds like a duck, and acts like a duck, then it’s probably a duck. (more…)
Brave New World
I’m planning a series of weekend posts that will be linked together under the title of Brave New World. There are following up from the series of major resistance breaks on SPX over the last twelve months, and will be putting the case for seeing what could well be a massive bubble on equities over the next few years, now that all those obvious reversal levels have been broken.
