Mike Shedlock

Contributor since: 26 Feb 2010

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• More Refugee Blackmail: Brussels Expects to Leverage Euro 3.1bn Into Euro 62bn to Halt Migration From Africa

  Published 10 June 2016 | viewed 0 times

  to Halt Migration From Africa Just in the nick of time for the Brexit vote, Brussels claims it will spend €62bn to halt migration from…

• US Tax Receipts Signaling Recession?

  Published 09 June 2016 | viewed 0 times

  US federal personal tax receipts receipts are falling fast. So is the Evercore ISI State Tax Survey. The last two times the survey plunged this…

• Fun with the BLS Birth/Death Model

  Published 08 June 2016 | viewed 0 times

  It's been a while since I looked at the BLS Birth/Death Model. I took a look just for grins and I challenge at least one…

• Productivity Declines 0.6%, Labor Costs Rise 4.5%; What's Going On?

  Published 07 June 2016 | viewed 0 times

  Wages are up and output per hour is down. Is this the magic mix for what ails the economy? Productivity declined 0.6%, exactly in-line with…

• US Treasury Bull Market Over?

  Published 06 June 2016 | viewed 0 times

  In the wake of amusing calls by various Fed presidents about impending rate hikes, Curve Watchers Anonymous has received numerous questions about the US treasury…

• Brexit Battle 'Leave' Surges to 3 Point Lead; Make the UK Great Again

  Published 06 June 2016 | viewed 0 times

  In the Brexit battle, yet another poll shows "leave" gaining ground. Those previously sitting on the fence are breaking for "get me the hell out…

• New York Fed Nowcast Up to 2.4% (I'll Take 'The Under'); Modeling Error on Unemployment Rate?

  Published 05 June 2016 | viewed 0 times

  Following today's reports on factory orders, international trade, jobs, and two reports on services, the New York Fed GDP Nowcast rose 0.2 percentage points to…

• Great Explanations: France Gets to Violate EU Budget Rules 'Because It's France'

  Published 04 June 2016 | viewed 0 times

  In my forthcoming book of "Great Explanations", European Commission president Jean-Claude Juncker may very well get top billing. Juncker is already tremendously famous for preceding…

• Fed Hiking Not: Payroll Jobs +38K, Employed +26K, Labor Force -458K, Revisions -59K

  Published 03 June 2016 | viewed 0 times

  Initial Reaction Today's employment report shows an increase of 38,000 jobs, well under the Bloomberg Econoday consensus estimate of 158,000 jobs and below the entire…

• Retail Hiring Slowdown Coming Up: Construction Spending Plunges 1.8%

  Published 01 June 2016 | viewed 0 times

  March construction spending was revised from a prior reported 0.3% to 1.5%, but the good news stops there. April construction spending declined a whopping 1.8%,…

• Brussels Extends 'Juncker Plan' Outside EU, to Immigration Projects: UK the Biggest Contributor!

  Published 01 June 2016 | viewed 0 times

  British citizens seeking yet another reason to vote Brexit, have one in spades. The roots of this reason go back to last year when European…

• Consumers Come to Life in April; Bounce Less Than Meets the Eye

  Published 01 June 2016 | viewed 0 times

  The BEA's Personal Income and Outlays report shows consumers came to life in April. Income rose 0.4% month-over-month and spending rose a whopping 1.0%. Inflation…

• Stacked Deck: US Bullies WTO, TPP Revisited

  Published 30 May 2016 | viewed 0 times

  Proving once again, not that any more proof was need, the World Trade Organization is nothing but a political organization of fiefdoms out to protect…

• Durable Goods Take II: Original Report vs. Revisions

  Published 27 May 2016 | viewed 0 times

  I received an Email from a long time "Minyanville" associate who writes under the pen name of "Mr. Practical". He emailed an interesting set of…

• We Need New Labels: I Propose '100% Robot Made'

  Published 27 May 2016 | viewed 0 times

  Yesterday, Apple's iPhone maker, Foxconn announced an immediate cut of 60,000 workers to be replaced by robots. Today, Adidas announced the first ever 100% robot-made…

• GDPNow Bounces to 2.9% Following Durable Goods Report

  Published 26 May 2016 | viewed 0 times

  On the back of a greater than expected increase in Durable Goods Orders this morning, the Atlanta Fed GDPNow model rose from 2.5% to 2.9%.…

• Mish Interview on OilPrice.Com: 'Think Beyond Oil And Gold'

  Published 26 May 2016 | viewed 0 times

  This past week I was interviewed by James Stafford at Oilprice.com. We discussed, oil, gold, lithium, other natural resources, global opportunities, and even biotech plays.…

• France Running Out of Gasoline; Strikes Now Spread to Nuclear Plants

  Published 25 May 2016 | viewed 0 times

  France is running out of gasoline thanks to massive strikes at all the refineries. The strike spread to air traffic control and many flights have…

• Service Sector Growth Weakest Since 2009; Markit Economist Estimates 0.7% GDP

  Published 25 May 2016 | viewed 0 times

  If the US economy is ready for rate hikes starting June, you certainly would not ascertain that fact from the service sector PMI. Today the…

• Household Debt Still Below 2008 Peak

  Published 24 May 2016 | viewed 0 times

  Household Debt Summary Household debt for the first quarter of 2016 is up $136 billion. Mortgage debt, up $120 billion, accounts for most of the…