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.

An Extraordinary Statement

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Today and tomorrow, Yellen will be treating the world to her Congressional testimony. Her remarks have been released, and the summation of her entire disposition was boiled down to this one sentence:

““I see roughly equal odds that the U.S. economy’s performance will be somewhat stronger or somewhat less strong than we currently project…”

So has Janet joined the Elliott Wave brigade? Honestly, just take a look at that. She’s saying that, based upon the projections – – the projections, remember, of a building full of economics PhDs and luminaries – – that there is a 50% chance things could be better or a 50% chance that things could be worse. In other words……… (more…)