Mike Shedlock

Contributor since: 26 Feb 2010

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• Fourth Industrial Revolution: Robots, Artificial Intelligence Will Destroy 5.1 Million Jobs by 2020

  Published 23 January 2016 | viewed 0 times

  Fourth Industrial Revolution Coming A new study on the "Future of Jobs" by the World Economic Forum at Davos claims a Fourth Industrial Revolution is…

• China Openly Pledges to Sink the Yuan vs. the Dollar

  Published 23 January 2016 | viewed 0 times

  China Drops Dollar Peg If China was really serious about doing what every major country in the world does, it would float the yuan. On…

• Is Mario Draghi a Bare-Assed Emperor With No Clothes?

  Published 21 January 2016 | viewed 0 times

  ECB Hints at March Stimulus ECB president Mario Draghi ignited the markets today with Hints at More Stimulus in March. Investors reacted positively to Mr.…

• Run on Italy's Third Largest Bank? Capital Controls or Bail-Ins Next? Why Take Chances?

  Published 21 January 2016 | viewed 0 times

  Italian Bank Customers Pull Deposits The CEO of Monte dei Paschi, Italy's third largest bank, and the oldest surviving bank in the world, admits Customers…

• 'B' Word Hits Chicago: Illinois Governor Proposes Bankruptcy for Chicago Public School System

  Published 21 January 2016 | viewed 0 times

  "B" Word Hits Chicago At long last, Illinois has a sensible proposal to help Chicago schools: Bankruptcy. The cause of Chicago's problem is untenable pension…

• Shell Fires Another 10,000; Energy Layoffs Top 250,000; Oil Breaks $28 Again; In Search of Jobs

  Published 20 January 2016 | viewed 0 times

  Shell Fires Another 10,000 As reflective of trends in the industry Shell Fires 10,000 Workers As its fortunes collapse due to falling oil prices, Royal…

• Bernanke: Don't Worry, China's $28 Trillion Debt is an "Internal Problem"

  Published 20 January 2016 | viewed 0 times

  $28 Trillion "Internal Problem" The blue ribbon award for ridiculous comment of the day goes to Ben Bernanke who dismissed China's $28 trillion debt pile…

• Full of Bull: Wall Street Analysts' SP500 Predicted Gains vs. Actual Gains 2001-2015

  Published 18 January 2016 | viewed 0 times

  Analyzing the Forecasters How overoptimistic are Wall Street forecasts year in and year out? Salil Mehta, business statistics professor at Georgetown University addresses that question…

• Rumors on Mark-to-Mark Accounting and Loan Loss Provisions: What's the Real Story?

  Published 18 January 2016 | viewed 0 times

  Energy-Related Losses Mount Bank loan loss impairments related to the energy sector are set to rise rapidly. Banks have made drilling loans to companies that…

• Economics for Dummies: Reader Asks 'Where Do I Start?'

  Published 17 January 2016 | viewed 0 times

  Reader Brad writes: "Hi Mish. I am new to economics. I am not an investor. I have a high school education. I don't understand your…

• 4th Quarter GDPNow Forecast Sinks to +0.6 Percent; Fed Futures Target 1 Hike in 2016; Disastrous Data Recap

  Published 15 January 2016 | viewed 0 times

  I have never seen the Atlanta Fed take as long to post a scheduled update to their GDP Forecast as they did today. Their forecast…

• More Fed Confessionals; Funny Oil Videos; In Search of Bullard; Inflation Expectations

  Published 15 January 2016 | viewed 0 times

  Another Fed Confessional In reference to statements made by Fed officials that the decline in the price of oil was good for the economy, San…

• Spotlight on the 'Con' in Consumer Confidence: Confidence Improves Hooray!

  Published 13 January 2016 | viewed 0 times

  Confidence Improves Hooray! The consumer conference board says Consumer Confidence Index Improves in December. The Conference Board Consumer Confidence Index® now stands at 96.5, up…

• Brilliant Bullshit!

  Published 13 January 2016 | viewed 0 times

  On Tuesday evening I watched president Obama's state of the union address. It was brilliant. Obama rang all the bells, dotted all the i's, and…

• ISIS Suicide Bomber Hits Istanbul Tourist District, Nine Germans Killed; The Case for Merkel's Resignation

  Published 12 January 2016 | viewed 0 times

  An ISIS suicide bomber struck at the heart of an Istanbul Turkey tourist district moments ago, killing at least ten people, among them nine German…

• Investigating Claims 'North Atlantic Trade Ground to a Halt, No Ships Moving'; The Real Shipping Story

  Published 11 January 2016 | viewed 0 times

  Commerce Ground to a Halt? Claims have surfaced that not a single transport ship in the North Atlantic is moving. For example, "Superstation" claims that…

• Europe Fears Bail-Ins: Capital Flight Intensifies in Italy, France, Spain; Are German Banks Safe?

  Published 11 January 2016 | viewed 0 times

  Fear! Money parked at the ECB at a negative rate of 0.3% hit a new high at the beginning of 2016. Above chart from Statista.…

• Hoisington 4th Quarter Review: Failure of the Fed, How QE Acts to Contract the Economy

  Published 09 January 2016 | viewed 0 times

  Lacy Hunt at Hoisington Management emailed their 6-page fourth quarter report (not yet posted on the Hoisington Website). As always, the report is well worth…

• Multiple Jobholders Artificially Boost 'Full-Time' Employment: Does the Sum of the Parts Equal the Whole?

  Published 08 January 2016 | viewed 0 times

  The ECRI has an interesting study out today that pretty much confirms what I have said about Obamacare boosting part-time employment at the expense of…

• China's Use of Derivatives to Hide Capital Flight Comes Unglued; Reserves Fall by Record Amount; 'Worthless' Certificates of Confiscation

  Published 07 January 2016 | viewed 0 times

  China's Forex Reserves Fall by Record $107.9 Billion China's foreign-exchange reserves are close to a three-year low, following the largest yearly decline ever. Capital flight…