Mike Shedlock

Contributor since: 26 Feb 2010

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• Factory Orders -1.5%: Searching for 'Signs of Life'

  Published 05 August 2016 | viewed 0 times

  Factors orders for June declined 1.5% just a bit better than the Bloomberg Consensus estimate of -1.8%, but May was revised lower from -1.0% to…

• European Banking System on Verge of Collapse; Market Votes 'No Confidence' in Italian Bank Rescue

  Published 02 August 2016 | viewed 0 times

  European bank shares are down for the second day following a last minute bailout package aimed at Italian banks one day before a stress test…

• Construction Spending: Eight Miles High and Falling Fast

  Published 01 August 2016 | viewed 0 times

  Construction spending month-over-month declined 0.6% vs an expected gain of 0.6% in a Bloomberg Consensus Range of 0.2% to 2.2%. Spending is on the verge…

• For All the Bleeping Uncertainty, Why is the Stock Market at All Time High?

  Published 01 August 2016 | viewed 0 times

  Every day day of the year another economist yaps about uncertainty. There's uncertainty over the US election, over Brexit, over interest rates, over the strength…

• Dollar Crisis in Egypt; Egyptian Pound Crashes on Black Market; Another Devaluation Likely

  Published 31 July 2016 | viewed 0 times

  A collapse in the Egyptian pound is underway. The official pegged price says one us dollar buys 8.78 Egyptian pounds. The street price says one…

• 2nd Quarter Real GDP 1.2%, 1st Quarter Revised Lower to +0.8%; Bloomberg Spins This Mess Positive

  Published 29 July 2016 | viewed 0 times

  Not only did real GDP come in on the low side, below nearly all consensus estimates, but first quarter GDP was revised lower to 0.8%…

• GDPNow Forecast Sinks to 1.8% Following Advance Economic Indicators Reports

  Published 28 July 2016 | viewed 0 times

  Today the Census Department released its first "Advance Economic Indicators Report". The new report adds wholesale and retail inventories to its existing International Trade in…

• Fed Talks of Strengthening Economy, But Didn't Hike: Why? Door Open for September?

  Published 27 July 2016 | viewed 0 times

  In today's FOMC Statement the Fed says the labor market has strengthened, household spending is growing strongly, and economic activity is expanding at a moderate…

• New Home Sales Rise to January 1963 Level; Home Prices Unexpectedly Decline

  Published 26 July 2016 | viewed 0 times

  New Home sales rose to a Seasonally Adjusted Annualized Rate (SAAR) of 592,000 vs. a Bloomberg Econoday consensus estimate of 562,000. Interestingly, home price appreciation…

• What a City With Driverless Cars Will Look Like (In 10 Years or Less)

  Published 26 July 2016 | viewed 0 times

  My vision of driverless trucks and taxis within the time frame of six to eight years looks downright feeble to that of Chris Dixon, a…

• Helicopter Money and ECB Backdoor Bailouts

  Published 25 July 2016 | viewed 0 times

  What is Helicopter money? Can the Fed or ECB just drop money from the sky? The answer is no, at least legally. As I have…

• Hungary's Prime Minister Praises Trump

  Published 25 July 2016 | viewed 0 times

  The anti-terrorist message of Donald Trump appeals to Hungary's prime minister Viktor Orban. Bloomberg reports Hungary's Viktor Orban Says Donald Trump Better for Europe. "I…

• Dear ECB, What's in Your Wallet?

  Published 21 July 2016 | viewed 0 times

  Last week the ECB reported that its balance sheet Expanded by €11.26 billion to €3.249 trillion. What is the makeup? How has that increased over…

• Erdogan Scorecard: 50,000 Detained or Fired Generals, Judges, Teachers, Police, Others

  Published 21 July 2016 | viewed 0 times

  Inquiring minds may be interested in the number of military officers, generals, judges, teachers, and ordinary citizens detained or fired by Turkey's president Recep Tayyip…

• Atlas Rescue Phase II: Italy Eyes Another Private Deal to Bail Out Banks

  Published 20 July 2016 | viewed 0 times

  Atlas, the €4.25 billion fairy tale rescue plan that was supposed to bail €360 billion in bad Italian bank debts (the amount varies by the…

• Reflections and Reader Comments on Free Trade: 'China Doesn't Play Fair!'

  Published 20 July 2016 | viewed 0 times

  Reader Cathy, a member of the US Military Intelligence Brigade pinged me about free trade. Cathy writes .... Hello, Mish: I love your blog -…

• Turkey Requests Extradition of Cleric, Revokes License of 21,000 Teachers; Dear Merkel (Another Question)

  Published 20 July 2016 | viewed 0 times

  Within a week, Erdogan will be dictator of Turkey (assuming he doesn't deserve that title already). The purge of anyone and everyone suspected of being…

• 2015 Flashback: Obama Says 'No Background Checks' on Refugees, Hillary Says Let's Take in 65,000 Syrian Refugees

  Published 19 July 2016 | viewed 0 times

  In the wake of at least four major terrorist attacks in Europe and others that were prevented in the nick of time, I thought it…

• Industrial Production Jumps 0.6%; Has Manufacturing Turned?

  Published 16 July 2016 | viewed 0 times

  Industrial production jumped 0.6% in June vs. an Econoday consensus of +0.4%. Is this a turn or just more volatility? Vehicles held down industrial production…

• Italy's Miserable Eurozone Experience: 20 More Years of Woe Coming

  Published 13 July 2016 | viewed 0 times

  The Euro was supposed to lift all boats. Italy was left behind, and will stay there for two more decades according to the IMF. Please…