Mike Shedlock

Contributor since: 26 Feb 2010

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• It's the Debt, Stupid!

  Published 05 May 2016 | viewed 0 times

  For those still wondering why the global economy is struggling, the simple answer is "It's the debt, stupid." We will return to the global economy…

• 'Gold is Superior Asset in Present Part of Cycle' Steen Jakobsen

  Published 04 May 2016 | viewed 0 times

  Saxo Bank CIO and chief economist Steen Jakobsen pinged me via email with some of his thoughts on who to believe and which assets to…

• QE Sponsored Stagnation: Productivity Declines Again As Unit Labor Costs Rise 4.1%

  Published 04 May 2016 | viewed 0 times

  Productivity is down 1% in the first quarter of 2016 following a revised 1.7% decline last quarter. This is the fourth productivity decline in the…

• Trade Gap Narrows as Consumers Imports Plunge Steep $5.1 Billion

  Published 04 May 2016 | viewed 0 times

  The trade gap narrowed today and that is a good thing. Last month the trade gap was -47.1 billion, revised to -47.0 billion. This month…

• Is Anemic Wage Growth Stifling the Economy?

  Published 02 May 2016 | viewed 0 times

  Bad theories never die. For example, please recall the Phillips Curve economic theory states that decreased unemployment correlates with higher rates of inflation. Unemployment has…

• ECB's QE Impact Fades Already

  Published 30 April 2016 | viewed 0 times

  On March 10, ECB president Mario Draghi pulled out his bazooka and fired what was supposed the be a shock and awe blast of QE…

• Personal Spending Weak Despite Solid Wage Gains, Autos Disappoint Again, Services Shockingly Weak

  Published 29 April 2016 | viewed 0 times

  Personal income rose a solid 0.4% in March but spending rose a weaker than expected 0.1%. Durable goods spending plunged 0.6% again, matching January's decline.…

• First Quarter GDP Likely Overstated (And Don't Expect a Huge 2nd Quarter Bounce)

  Published 29 April 2016 | viewed 0 times

  First quarter GDP came it at a very weak +0.5%. Despite obvious weakness, that GDP estimate is likely overstated. Moreover, hopes for a huge second…

• Stagflation-Lite Coming Up? 1st Quarter GDP 0.5% as Consumer Spending Decelerates

  Published 28 April 2016 | viewed 0 times

  The latest GDPNow forecast of 0.6% first quarter GDP was nearly spot on. The BEA's Advance Estimate of first quarter GDP came in at 0.5%.…

• More Greece 'Uncertainty': Default Looms in July, EU Rejects Greek Emergency Summit

  Published 27 April 2016 | viewed 0 times

  Those who thought the situation in Greece was solved after prime minister Alexis Tsipras suddenly caved in to creditors' demands need think again. Greek tax…

• Uncertain Measures of Uncertainty; Fed Uncertainty Principle Revisited

  Published 26 April 2016 | viewed 0 times

  Fed Chair Janet Yellen has been harping about the "uncertain" outlook for the US economy for years on end. Perhaps this was inspiration for economists…

• Obama Sends in Still More Troops to Syria, Says it Reflects 'Success'

  Published 26 April 2016 | viewed 0 times

  President Obama's "Boots on the Ground" Strategy has worked so well, he now needs to send 500 more boots (250 more troops) to Syria. Obama…

• New Home Sales Decline 3rd Month, Prices Decline 3.2% M/M, 1.8% Y/Y

  Published 25 April 2016 | viewed 0 times

  New home sales fell in March for the third consecutive month. Sales in the first quarter are up just 1.3% from the same quarter in…

• Bank of Japan Owns Over Half of Japanese ETFs; Why Stop There?

  Published 24 April 2016 | viewed 0 times

  In addition to being well on the way of cornering the Japanese bond market, the bank of Japan is even further on its way of…

• Understanding the Saudi, Chinese 'Economic Nuclear War' Threat; Saudi 911 Round-Up

  Published 24 April 2016 | viewed 0 times

  Willful Blindness In the wake of investigations and revelations that show without a doubt the Saudi nationals including government officials were involved in the 911…

• That's Just What We Need Journalists in the US to do; 'Excuse Me Mr. President, is That a Joke?'

  Published 22 April 2016 | viewed 0 times

  FRA Co-founder Gordon T. Long is joined by Mish Shedlock in discussing the rigging of gold and silver by Deutsche Bank and the reliability of…

• Mish's Sure Fire Proposal to End Japanese Deflation: Negative Sales Taxes, 1% Monthly Tax on Gov't Bonds

  Published 22 April 2016 | viewed 0 times

  It's rather amusing that Japan cannot destroy its currency even though it has tried, and tried and tried. Abenomics has been a huge failure. Keynesian…

• One of Nation's Largest Pension Funds (Truckers) Will Reduce Benefits or Go Broke by 2025

  Published 21 April 2016 | viewed 0 times

  In 2014, Congress passed a law allowing distressed multi-employer plans to reduce benefits for retirees if it would improve the solvency of the fund. The…

• EU's Refugee Dilemma: 'Growing Panic' on How to Change Terms of Deal with Devil

  Published 20 April 2016 | viewed 0 times

  When you make a deal with the devil, it's certain the devil will insist you keep up your end of the bargain. That's precisely where…

• Existing Home Sales Rise 5.1% From February's Revised -7.3% Plunge

  Published 20 April 2016 | viewed 0 times

  Existing home sales bounced 5.1% from February's steep decline of 7.3%, originally reported as -7.1%. Sales came in at a 5.330 million seasonally adjusted annualized…