Mike Shedlock

Contributor since: 26 Feb 2010

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• Is Deutsche Bank Cooking its Derivatives Book to Hide Huge Losses?

  Published 20 September 2016 | viewed 0 times

  Deutsche Bank's notional derivatives book had huge swings in notional value between its year-end 2014 report and its "passion to perform" year-end 2015 report. Deutsche…

• 3rd Quarter GDP: October Surprise? Which Way?

  Published 20 September 2016 | viewed 0 times

  The consensus 3rd quarter GDP estimates show U.S. economic growth may accelerate just before election day. This prompted the Wall Street Journal to ponder the…

• Good News For Inflationists: Medical Costs and Rent Surge; Mini-Stagflation Coming Up?

  Published 16 September 2016 | viewed 0 times

  Hip, hip, hooray! The CPI is up more than expected, led by a huge 1.1% month-over-month surge in medical care supplies. Medical care services jumped…

• Wall Hypocrisy: Mexico Builds Wall on its Southern Border, With Funding From US

  Published 14 September 2016 | viewed 0 times

  Mexico has built a wall against migrants, on its Southern border, with funding from the Obama Administration. It's not a physical wall. Rather it's more…

• 17th Obamacare Co-Op Exits Due to 'Hazardous Financial Condition', Only 6 Left

  Published 14 September 2016 | viewed 0 times

  Obamacare is making huge progress of sorts. Of the original 23 co-op sponsors the score is 17 down and only 6 to go. Please consider…

• Atlanta Fed President Lockhart Resigns: I throw My Hat Into the Ring

  Published 13 September 2016 | viewed 0 times

  Atlanta Federal Reserve President Dennis Lockhart Will Step Down effective February 28, 2017. Click on the link for the complete text, but it does not…

• Down the Rabbit Hole: SF Fed President John Williams Seeks 'Direct Attack' on Low Inflation

  Published 12 September 2016 | viewed 0 times

  San Francisco Fed president John Williams has been yapping about the need for interest rate hikes, 4% inflation targets, and Fed-set GDP growth targets. Williams…

• 'Overheated' Hillary Stumbles or Faints at 911 Ceremony; Dilbert Founder Says 'Race Probably Over'

  Published 11 September 2016 | viewed 0 times

  Hillary's Health Now An Issue Democratic nominee Hillary Clinton cut short her appearance at a 911 ceremony, then stumbled and collapsed to the ground while…

• Case for -2% Rates, Banning Cash? James Grant Blasts Lunatic Proposals

  Published 11 September 2016 | viewed 0 times

  Looking for group think, extrapolation of extreme silliness, linear thinking, and belief in absurd models? Then look no further than Fed presidents, their advisors, and…

• ECB Holds Off More QE, Draghi Claims Monetary Policy is 'Fully Effective'

  Published 08 September 2016 | viewed 0 times

  In today’s monetary policy meeting, the ECB Postponed Further Debate on Extending QE. ECB president Mario Draghi claims economic data do not justify a move…

• Eye on Social Mood: Stock Market Bubble Will Pop, Social Mood Will Get Extremely Ugly

  Published 08 September 2016 | viewed 0 times

  In efforts to spur lending and increase the rate of inflation, central banks in the US, EU, and Japan have engaged in dubious tactics. Every…

• Main Achievement of G-20: 'Global Body Monitoring Steel Overproduction'; Top Five G-20 Achievements

  Published 07 September 2016 | viewed 0 times

  To highlight the sheer uselessness if not outright stupidity of G-20 meetings, one need only look at the alleged main achievement of the boondoggle: "The…

• Australia's Prime Minister, an ex-Goldman Sachs Banker, Warns G20 to 'Civilize Capitalism'

  Published 06 September 2016 | viewed 0 times

  Is it time to "civilize capitalism"? That's what Malcolm Turnbull, Australia's prime minister says. Turnbull was chairman and managing director of Goldman Sachs Australia (1997–2001)…

• 'No Limit to Monetary Easing' Says Bank of Japan

  Published 05 September 2016 | viewed 0 times

  Economists debate limits of monetary easing, especially negative interest rates that prompt savers and even banks in Germany to stockpile cash in safes and bank…

• Le Pen Praises Brexit, Promises Frexit Referendum on EU

  Published 03 September 2016 | viewed 0 times

  French National elections take place in two rounds of voting 2017. Marine le Pen is widely expected to be one of the final two candidates.…

• Jobs +151K, Private +126K, Employment +97K, September Hike Off the Table

  Published 02 September 2016 | viewed 0 times

  Initial Reaction It's reasonably safe the take a September hike off the table following weak economic reports yesterday and a disappointing jobs report today. Today's…

• Apple Grab: How Should Ireland and US Respond to EU Euro13 Billion Ruling Against Apple?

  Published 01 September 2016 | viewed 0 times

  On Tuesday, the EU ruled Ireland granted illegal favoritism to Apple and hit the company with a record €13 Billion ($14.5 Billion) penalty. The charges…

• Swiss Central Bank Holds $129 Billion in Equities, Owns More Public Shares of Facebook Than Zuckerberg

  Published 30 August 2016 | viewed 0 times

  The Swiss central bank is now the eighth largest investor in publicly traded shares of Facebook following the Swiss Central Bank Buying Spree. Switzerland's central…

• Good News: Japan Has 'Room to Buy'

  Published 29 August 2016 | viewed 0 times

  Japan's largest pension fund just lost $51 billion for the quarter. The reported results vary a bit depending on exchange rate fluctuations. The result wipes…

• Confidence in the Fed Sinking Fast from Greenspan to Bernanke to Yellen: How Much Confidence Do You Have?

  Published 28 August 2016 | viewed 0 times

  Once-revered central bank heads failed to foresee the housing bubble and the great financial crisis that followed. As a result, faith in the Fed has…