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.
Friday’s Advance GDP Projections and Gold
The Advance GDP q/q estimate for Q1 of 2013 is forecast at 3.0%, as shown on the graph below…up from the 0.4% revised data reported for Q4 of 2012…and it is being released on Friday, April 26 at 8:30 am EST.
As you can see, the GDP numbers have been in a downtrend from January of 2010. If such a rise were to occur as forecast, it would penetrate above this trend, but would still lie within the 3-year range. It would take a higher number for the next quarterly report (for Q2) to confirm that the current downtrend has, in fact, been broken. (more…)
A Modest Proposal
There was a cliffhanger close on Friday, with ES having tested but not broken over declining resistance from the high. Overnight ES has broken over that and I am expecting to see some follow through to the upside. as I mentioned on Friday Morning, this could be viewed as a falling wedge and in that case the technical target is a test of the highs, but wedges aren’t good at making the full target, and there is strong resistance in the 1570/1 area:
I Can’t Afford to Live Here
The last time I remember the real estate market in my area being so frenetic wasn’t in 2007, at the peak of the housing bubble, but more like 1999, as the Internet bubble was still swelling. There was a lack of housing supply, and realtors would be pestering homeowners constantly about whether or not they wanted to sell their house. Some shrewd ones took the offer and got out (one friend of mine accepted the obscene amount paid for his house and went to Southern California to start a winery). (more…)
