Mike Shedlock

Contributor since: 26 Feb 2010

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• Yellen Discusses 'Tools': She's 70% Confident That Rates will Be between 0 and 4.5% in 2018

  Published 27 August 2016 | viewed 0 times

  Today Fed Chair Janet yellen gave a speech at the "Designing Resilient Monetary Policy Frameworks for the Future," symposium in Jackson Hole, Wyoming. Her speech…

• Markit Chief Economist Estimates 3rd Quarter GDP at 'Just Under 1.0 Percent'

  Published 26 August 2016 | viewed 0 times

  Originally posted August 25, 2016. Ahead of the advance (first) report of 2nd quarter GDP, Markit Chief economist Chris Williamson estimated second quarter at 1.0%.…

• How Long Will It Take for the ECB to Own All Sovereign Debt of Spain, Germany, France?

  Published 25 August 2016 | viewed 0 times

  Huky Guru on Guru's Blog posted a chart that answers the question: How Long Will it Take For the ECB to Own All Sovereign Debt…

• Richmond Fed Manufacturing Disaster: Activity, New Orders, Shipments Plunge

  Published 23 August 2016 | viewed 0 times

  The regional manufacturing reports are not having a good go of it this month. The Richmond Fed Region took a huge dive from +10 to…

• 16,000 Files Vanish: Inspector General Says Army Has No Idea How It Spent $6.5 Trillion

  Published 23 August 2016 | viewed 0 times

  Amazingly, the US Army has no idea how it spent $6.5 trillion. Since that number dwarfs the entire annual defense budget, it seemingly has to…

• Brexit: Worst Case Scenario for EU; Armageddon Promise Now Visible as Pack of Lies

  Published 21 August 2016 | viewed 0 times

  Project Fear predicted economic meltdown if Britain voted leave. Where are the devastated high streets, job losses and crashing markets? In other Brexit news, Sweden…

• RBS Pays Negative Interest on Large Deposits Starting Monday; Negative Interest Roundup

  Published 21 August 2016 | viewed 0 times

  In response to the Bank of England setting interest rates at a record low 0.25% at its last meeting, the Royal Bank of Scotland sent…

• Mindless Central Bank Lemmings Head Towards Cliff

  Published 19 August 2016 | viewed 0 times

  John Hussman had an interesting post this week on a The Decade of Zero and its Chaotic Unwinding. Hussman proposes that stocks and bonds are…

• Krugman's Arrow Theory Misses Target by Light Years

  Published 16 August 2016 | viewed 0 times

  Economist Paul Krugman is whining for more fiscal stimulus, his favorite pastime by far. Krugman's target this time is Japan. Let's take a look at…

• Peak Season Shipping Roundup: Long Beach Port Traffic Down 7.7%; Cass Freight Index Down, Intermodal Shipping Down

  Published 15 August 2016 | viewed 0 times

  The Port of Long Beach Posts a  7.7% Drop in Container Volumes compared to July 2015. The port attributes the decline to high inventory levels…

• When Will the Bank of Japan Own 100% of Japanese ETFs?

  Published 15 August 2016 | viewed 0 times

  The Bank of Japan is on a rampage buying everything in sight, from stocks to bonds. It's on course to becoming the largest shareholder of…

• Huge 6% Collapse in PPI Services Final Demand for Apparel, Jewelry, Footwear

  Published 13 August 2016 | viewed 0 times

  Economists were shocked once again today. First, Retail Sales "Solidly" Flat, which we just covered. The Producer Price Index for Final Demand (PPI-FD) was the…

• Dumb and Dumber: Economist vs. WEF on Biggest Threats to Economy

  Published 12 August 2016 | viewed 0 times

  The Economist and the World Economic Forum (WEF) have "dumb and dumber" competing notions as to what is the gravest threat to the global economy.…

• Economists Expect 'Mount Everest' of Uncertainty to Clear Up by December

  Published 11 August 2016 | viewed 0 times

  Here's a hoot. A Wall Street Survey shows Economists Expect December Rate Hike. Why? Because economic uncertainty will allegedly vanish between September and December. A…

• Convincing the Market Rate Hikes Coming is Damn Tough: Why?

  Published 11 August 2016 | viewed 0 times

  I frequently check CME Fedwatch for a look at market expectations of rate hikes. When expectations rise, I typically laugh. Given all the analysis on…

• Negative Interest Rates: Can They Ever Occur Naturally? What is the 'Natural Rate'?

  Published 10 August 2016 | viewed 0 times

  A question on negative interest rates has arisen in response to Negative Interest Rates: Have They Backfired Already? Reader Tim stated "I really don't see…

• Is Voter Discord Over Jobs and Wages? If Not, What?

  Published 09 August 2016 | viewed 0 times

  In a recent WSJ/NBC poll, 62% of Americans said the nation on the wrong track. That's higher than at any point in 2012. The Wall…

• When Does Gold Do Well?

  Published 07 August 2016 | viewed 0 times

  In response to Hyperinflation Silliness (Times Two), reader William says "I think you are saying gold benefits no matter what. I’m confused." That’s a good…

• Hyperinflation Silliness (Times Two)

  Published 06 August 2016 | viewed 0 times

  The hyperinflation proponents are back at it. This time in two parts, led by Jeff Nielson. The most absurd part of Nielson's claim is his…

• Peak Hillary?

  Published 05 August 2016 | viewed 0 times

  Peter Atwater, President of Financial Insyghts and Author of Moods and Markets asked an interesting question today: "Have we reached peak Hillary yet?" In Atwater’s…