Mike Shedlock

Contributor since: 26 Feb 2010

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• Abe Plans More Stimulus as Japan Slashes GDP Forecast; Expect More Abe Failures

  Published 12 July 2016 | viewed 0 times

  In the short run, fiscal stimulus adds to GDP. In the long run it subtracts. Damn the long-term consequences, Abe Orders New Stimulus Package After…

• Stellar Opportunity for UK to Set Example for the World

  Published 11 July 2016 | viewed 0 times

  IMF head Christine Lagarde has flip-flopped twice on the impact of Brexit. Ahead of the vote on Brexit, IMF head Christine Lagarde warned of a…

• Brexit Ironies Mount: Belgian Premier Warns EU Won't Help UK Out of 'Black Hole'

  Published 10 July 2016 | viewed 0 times

  The move to punish the UK picks up steam even though such actions will damage the EU far more than the UK. Belgium is the…

• Irony of the Day: Hollande Lectures US About Trump; Two-Way Frexit?

  Published 10 July 2016 | viewed 0 times

  French president Francois Hollande endorsed Hillary Clinton while warning "U.S. Election Risks Turning Into Brexit Vote II". French President Francois Hollande, who last month endorsed…

• Cameron's Replacement: Theresa May or Andrea Leadsom, Another Thatcher?

  Published 09 July 2016 | viewed 0 times

  The battle to replace David Cameron as UK's next prime minister is down to two candidates, both women: Theresa May vs. Andrea Leadsom. Is either…

• Japan's Abe Angling for War with China? Could the US be Drawn In?

  Published 09 July 2016 | viewed 0 times

  Japanese prime minister Shinzo Abe is closing in on the supermajority he needs to put forth a national referendum allowing military force. Constitutional ability to…

• Jobs +287,000 Employment +67,000 (Third Anemic Household Report)

  Published 08 July 2016 | viewed 0 times

  Initial Reaction Today's employment report shows an amazing increase of 287,000 jobs. The BLS revised last month from 38,000 down to 11,000. The household survey…

• Lacy Hunt on Negative Multiplier of Government Debt

  Published 07 July 2016 | viewed 0 times

  In Hoisington's Second Quarter Review (not yet posted online), Lacy Hunt takes on the widespread Keynesian belief that government spending boosts real (inflation adjusted) GDP.…

• Lagarde Flip-Flops Again on Brexit, Warns of 'Disastrous' Trump-Style Protectionism

  Published 07 July 2016 | viewed 0 times

  Ahead of the vote on Brexit, IMF head Christine Lagarde warned of a prolonged period of uncertainty. After the vote, Largarde said Brexit provided the…

• Italian Gov't Collapse More Than Just a Possibility

  Published 07 July 2016 | viewed 0 times

  Four new polls show comedian Beppe Grillo's Five Star Movement (M5S) ahead of prime minister Matteo Renzi's Democratic Party (PD) were an election held today.…

• Can the EU Survive as a Prison? Who Has the Keys?

  Published 06 July 2016 | viewed 0 times

  In the wake of Brexit, the EU and German Chancellor Angela Merkel responded to the UK with spite and vengeance. Merkel insists that if the…

• Chinese Day Traders Fuel Rally in Silver says Saxo Bank

  Published 05 July 2016 | viewed 0 times

  Ole Hansen, head of commodity strategy for Saxo Bank says Chinese day traders are what's behind the limit move up on silver, yesterday. Please consider…

• ECB Triggers Another Bank Shares Selloff, Tells Monte dei Paschi to Shed More Assets

  Published 05 July 2016 | viewed 0 times

  Italian bank shares are down 56% this year. Monte dei Paschi is the poster child of bad performance hitting record lows after the ECB told…

• Merkel Ready to Boot Juncker?

  Published 03 July 2016 | viewed 0 times

  Earlier today I Tweeted IMF Changes Tune On Brexit: Prior Fearmongering Suddenly a "Better Opportunity for Reform". In my article, I suggested if the EU…

• IMF Changes Tune On Brexit: Prior Fearmongering Suddenly a 'Better Opportunity for Reform'

  Published 03 July 2016 | viewed 0 times

  Now that the Brexit vote is over the IMF radically changed its tune. Ahead of the vote IMF head Christine spoke of a "prolonged period…

• Central Banks to the Rescue; Most Shorted Stocks Have Biggest Rally in Six Years; Everyone a Winner

  Published 03 July 2016 | viewed 0 times

  Nearly the entire Brexit decline has been taken back except for moves in the British pound and European bank shares. Bonds staged a massive rally…

• Diving Into Deutsche Bank's 'Passion to Perform' Balance Sheet

  Published 01 July 2016 | viewed 0 times

  Deutsche Bank shares have collapsed to lows deep under crisis lows and collapse of Lehman in the Great Financial Crisis. What's going on? An investigation…

• Italy's Zombie Banks on Death Bed, Bail-Ins Coming?

  Published 30 June 2016 | viewed 0 times

  Italy's third largest bank by assets, Banca Monte dei Paschi is on the death bead. It's been there since mid-2014. Italian banks in general have…

• Pending Home Sales Sink 3.7%, Last Month Revised Way Lower, GDP Will Follow

  Published 29 June 2016 | viewed 0 times

  Pending home sales dove 3.7%, well below the Bloomberg Econoday consensus estimate of -1%, and even below the bottom estimate of -2.4% The bad details…

• Australia Central Bank Worried About Deflation - Does Study, Blames Aldi

  Published 28 June 2016 | viewed 0 times

  The Reserve Bank of Australia is so concerned about deflation that it did a study on why prices are so low despite a 33% collapse…