Mike Shedlock

Contributor since: 26 Feb 2010

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• US Economy Snapshot in Eyes of New York Fed vs. Eyes of Mish

  Published 21 December 2015 | viewed 0 times

  Inquiring minds are investigating a 17 page PDF of the U.S. Economy in a Snapshot by the New York Fed. The document is formatted poorly.…

• Two Important Points on the Yield Curve and Spreads

  Published 18 December 2015 | viewed 0 times

  In my post this morning on Yield Curve and Spreads: Fed's Real Policy Error in Pictures; What's Next? there were two important points I intended…

• Yield Curve and Spreads: Fed's Real Policy Error in Pictures; What's Next?

  Published 18 December 2015 | viewed 0 times

  Inquiring minds may be interested in a detailed look at the yield curve and spreads between various durations following the Fed's Wednesday rate hike. Let's…

• Saxo Bank's Real Forecast for 2016; Mish Comments and Projections

  Published 18 December 2015 | viewed 0 times

  Steen Jakobsen, Saxo Bank's CIO and chief economist is back with real predictions for 2016, following yesterday's "Outrageous Predictions". Important Notes What follows is a…

• Fed Hikes: Range Moves to 1/4 to 1/2 Range; Fed Signals Four More Hikes in 2016

  Published 16 December 2015 | viewed 0 times

  Today, the Fed hiked by 1/4 point as widely expected, and signaled. Here is a snip from the Fed's Statement The Committee judges that there…

• Industrial Production Declines Most in 3.5 Years, Down Eighth Time in Ten Months

  Published 16 December 2015 | viewed 0 times

  Industrial production shocked to the downside this morning with a drop of 0.6%, the most in 3.5 years vs. an Econoday Consensus guess of -0.2%.…

• Lincolnshire, Illinois Approves Right-to-Work Ordinance; Battle Headed for Courts

  Published 15 December 2015 | viewed 0 times

  Congratulations to the village board of Lincolnshire, Illinois for having the courage to stand up to union bullies by passing right-to work legislation at the…

• Empire State Manufacturing Contracts Fifth Month, Employment and Workweek Worst Since 2009

  Published 15 December 2015 | viewed 0 times

  Empire State Manufacturing Employment and Workweek Worst Since 2009 As expected, the Empire State Manufacturing Index is in contraction for the fifth consecutive month. Employment…

• High Anxiety Liquidity Trap: Selloff in Junk Continues, Follows Largest Drop Since 2011 on Friday

  Published 14 December 2015 | viewed 0 times

  In financial markets rot starts at the periphery and spreads to the core. For weeks, rot has been visible in the junk bond market and…

• Reader, Citing Hayek, Asks Me to Reconsider My Stance Against Finland's Free Money Proposal

  Published 13 December 2015 | viewed 0 times

  On December 7, I strongly criticized Finland's decision to give every citizen $870 each month, tax free. For an outline of the proposed deal, and…

• How to Uncover Hidden Economic Weakness!

  Published 12 December 2015 | viewed 0 times

  Having just written How to Uncover the Hidden Consumer Strength!, I think it's only fair to see if there is a way to uncover hidden…

• Retail Sales Soft Again (Unless You Exclude Everything Weak); How to Uncover the Hidden Consumer Strength!

  Published 11 December 2015 | viewed 0 times

  Retail sales disappointed once again today. And for the second month in a row, autos led the decline. Last month retail sales rose 0.1%. This…

• Truck Rates Plunge; What About Actual Shipping Volumes? Strong Case for Pending Recession

  Published 10 December 2015 | viewed 0 times

  Trucking Spot Prices Plunge Here's an interesting chart and commentary courtesy of James Jaillet who writes Truckload Rates Sunk Again in November. Average per-mile rates…

• Cheney Calls Trump "Un-American"; Republican Establishment in Chaos; Congressman Asks Trump to Step Down; Reflections on Un-Americanism

  Published 09 December 2015 | viewed 0 times

  The Republican establishment has finally had enough of Donald Trump. Today the collective mice that constitute the Republican party establishment all lined up to attack…

• Bank of Canada Announces Tools Including -0.5 Interest Rates; Loonie Sinks to 2004 Low; Right Tool at the Right Time

  Published 08 December 2015 | viewed 0 times

  The Canadian dollar, affectionately known as the loonie because of a loon on the one dollar coin, has crashed vs. the US dollar. US Dollar…

• Energy Price Deflation: Crude Dips 6% to 7-Year Low; Gasoline Below $1.50; Central Banks to Blame for What's About to Happen

  Published 07 December 2015 | viewed 0 times

  Perverse Central Bank Battle In the perverse central bank battle to defeat price deflation, the central banks are having a rough go of things. The…

• Population Deflation: Spain Joins Germany with Negative Net Birth Rate; Italy on Threshold; Who's to Blame?

  Published 07 December 2015 | viewed 0 times

  On the demographic front things are not looking so good for the eurozone. With declining birth rates and the aging of the population, Mario Draghi…

• BIS Points Finger at Yellen, Draghi: Warns About 'Unthinkably' Low Interest Rates, Bond Market 'Dislocations'

  Published 06 December 2015 | viewed 0 times

  In it latest quarterly report, the BIS (Bank of International Settlements), pointed a direct finger at Fed chair Janet Yellen with an even bigger point…

• 'No Limit' to Economic Madness

  Published 05 December 2015 | viewed 0 times

  Last week the markets were upset because ECB president Mario Draghi did not do enough to combat deflation. Draghi Recap ECB would continue its €60bn-a-month…

• Second Strong Payroll Number +211,000; December Rate Hike Assured

  Published 04 December 2015 | viewed 0 times

  Initial Reaction Following last month's payroll surge comes a second strong month. The Bloomberg Consensus estimate was 190,000 jobs and the headline total was 211,000.…