Mike Shedlock

Contributor since: 26 Feb 2010

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• Dollar Sinks, Bonds Sink as ECB's Rate Cut to -0.3% and Pledge of More QE Until March 2017 'or Beyond' Not Dovish Enough

  Published 03 December 2015 | viewed 0 times

  ECB president Mario Draghi's announcement today regarding more QE fell far short of the sky-high expectations of market participants. Draghi Recap ECB would continue its…

• Obamacare 'Observations' and the Elusive Search for Improvements; Seniors Beware!

  Published 03 December 2015 | viewed 0 times

  Obamacare "Observations" Team Obama brags that the readmission rate of patients to hospitals has been dropping. It has. And that was one of the goals…

• Triumph of Trumpism and LePenism; Waiting for a Volunteer Mouse

  Published 02 December 2015 | viewed 0 times

  Waiting for a Volunteer Mouse Recall the tale of the mouse who had a brilliant idea to tie a bell on a the cat's tail…

• Retaliation and Claims 101: Beneficiaries and the Failure to Think Ahead

  Published 02 December 2015 | viewed 0 times

  Claims and counterclaims are the order of the day between Turkey and Russia. The US and Syria stand not side-by-side, but rather on each side,…

• GDPNow Forecast for 4th Quarter Dips to 1.4% Following Weak ISM and Strong Construction Reports

  Published 01 December 2015 | viewed 0 times

  Construction Spending Hits 8-Year High US News reports US Construction Spending Jumps to 8-Year High, Lifted by Home Building, Federal Government. The construction of single-family…

• Manufacturing ISM Contracts; Lowest Reading Since June 2009; Glimmers of Hope Extinguished

  Published 01 December 2015 | viewed 0 times

  After flirting with contraction for three months, the Manufacturing ISM fell into negative territory with a 48.6 reading, below the lowest Econoday estimate of 49.7.…

• Chicago PMI Contracts Again, 6th Time in 10 Months; Service Economy Poised for a Big Slowdown?

  Published 30 November 2015 | viewed 0 times

  Volatility in the Chicago PMI likely has economists scratching their heads. Following last month's surge comes this month's contraction. It's been off and on for…

• Amazon Unveils New Drone Prototype for 30-Minute Deliveries; Google Seeks Drone Deliveries by 2017

  Published 30 November 2015 | viewed 0 times

  Drone delivery is coming, and faster than most think. Time Magazine disagrees. Time proclaims Here's Why Drone Delivery Won't Be Reality Any Time Soon Time…

• National Front Leading Polls for French Regional Elections Dec 6, Dec 13; Center-Right Squeezed

  Published 28 November 2015 | viewed 0 times

  French Regional Elections are coming up on December 6 and December 13. At stake are the presidencies of the 18 Regions of France. 12 Regions…

• Mish's Monthly Macro Update

  Published 27 November 2015 | viewed 0 times

  With Mish Shedlock & Gordon T Long 30 Minute Video with Slides Paris Crisis and The EU Refugee Problem Mish incredulously points out that Laurent…

• Unbelievable Lie of the Day: Turkey Says It Had Not Recognized the Aircraft as Russian When it Shot it Down

  Published 27 November 2015 | viewed 0 times

  In the wake of conflicting flight path information with Russian and Turkey differing on the flight path of the Russian aircraft that Turkey downed over…

• Flight Paths Over Turkey Analyzed; Obama Defends Turkey; Choose Your Friends and Enemies Wisely; Merkel Madness

  Published 24 November 2015 | viewed 0 times

  In the wake of Turkey shooting down a Russian aircraft over Syria, the immediate impact will be to make negotiations on the removal of Assad…

• Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?

  Published 24 November 2015 | viewed 0 times

  Alternative Bank Schweiz (ABS), a small bank in Switzerland broke the negative interest rate on deposits barrier, CHARGING customers to take their money. (emphasis in…

• Existing Home Sales Decline, NAR Calls Report 'Disturbing'; First Time Buyers Decline Third Year; Housing Clearly Weakening

  Published 23 November 2015 | viewed 0 times

  Existing home sales came in a bit under Bloomberg Econoday Consensus, down 3.4% in October. Year-over-year trends are weakening. Sales of existing homes are not…

• Cash is King for Holiday Shopping; 63% of Millennials Have No Credit Cards; Millennial Attitudes and Deflationary Trends

  Published 23 November 2015 | viewed 0 times

  As we head into the black Friday holiday shopping season, cash is king. Cash will be the most popular payment method for shoppers buying holiday…

• Brussels Closed Second Day; Spain and UK Consider Joining Fight Against ISIS; Creating Enemies When None Exist

  Published 22 November 2015 | viewed 0 times

  Belgium Terrorist Manhunt Continues Following Saturday's imminent attack alert in which Belgium shops were closed and sporting events cancelled, Brussels Remains on Terror Shutdown Brussels…

• Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

  Published 20 November 2015 | viewed 0 times

  The other day I noted a persistent overoptimism regarding manufacturers. Since then, I have seen a couple articles regarding overoptimism at the Fed and overoptimism…

• Nifty-Fifty Becomes Fab-Five; Return of the 'Four Horseman'; Ozone Layer

  Published 19 November 2015 | viewed 0 times

  Anyone recall the logic in the 1960s and 1970s that suggested there were only 50 stocks one needed to look at, and those 50 stocks…

• Housing Starts Plunge 11% to 7-Month Low: Single-Family Down 2.4%, Multi-Family Down 25%; Hidden Strength?

  Published 18 November 2015 | viewed 0 times

  The crowing over last month's rise in multi-family starts is over (or at least it should be over). Here's a September recap, followed by this…

• Nouriel Roubini: 'Positive Impacts of Paris Attacks Modest Unless More Attacks Follow'

  Published 18 November 2015 | viewed 0 times

  Economic stupidity permeates from every mainstream media corner in a myriad of ways. I typically expect economic stupidly, and stupidity certainly has provided endless things…