Mike Shedlock

Contributor since: 26 Feb 2010

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• Terrorist Arrests in Germany, Belgium; Nine Warning Signs Ignored; Could Attacks Have Been Prevented?

  Published 17 November 2015 | viewed 0 times

  In the wake of the terrorist activity in Paris that killed close to 150 people in eight separate attacks, the Investigation Widens to Germany and…

• ISIS Claims 'Only Beginning of Storm'; Poland Backs Out of Refugee Agreement, Says It's a 'Great Mistake'; Paris Changes Everything

  Published 15 November 2015 | viewed 0 times

  ISIS Claims Only The Beginning Lots of fresh details this morning on the terror in Paris. The First Attacker Identified. France could extend its state…

• Business Inventories Rise More Than Expected; Inventory to Sales Ratio Highest in Recovery; Retailers Overestimating Demand?

  Published 14 November 2015 | viewed 0 times

  Business expectations are high and rising as measured by a new high in the inventory-to-sales ratio. The Econoday Consensus Expectation was for no growth in…

• PPI Unexpectedly Declines Second Month; Another Big Decline Likely Next Month

  Published 13 November 2015 | viewed 0 times

  Economists expected US strength would hold up producer prices but they have been way off the mark for two consecutive months. Following last month's 0.5%…

• Bank of England Chief Economist Says '80 million US and 15 million UK Jobs to be Taken Over by Robots'

  Published 12 November 2015 | viewed 0 times

  Bank of England's chief economist Andy Haldane joined the worry over robots parade. Eighty Million US Jobs at Risk from automation says Haldane. Speaking at…

• Schäuble Accuses Merkel of 'Careless Actions' Warns Germany Faces 'Avalanche' of Refugees; Reckless not Careless

  Published 12 November 2015 | viewed 0 times

  Wolfgang Schäuble, Germany's finance minister, and someone of high enough ranking to actually matter, has had enough of chancellor Angela Merkel's reckless refugee crisis. In…

• Reflections on Economists and the Weather

  Published 11 November 2015 | viewed 0 times

  In response to Economists Blame Mild Weather For Poor Retail Sales, Pater Tenebrarum at the Acting Man Blog pinged me with this humorous comment ...…

• China Posts Lowest Business Sentiment on Record as Deflationary Pressures Rise

  Published 11 November 2015 | viewed 0 times

  Markit reports China Posts Lowest Business Sentiment On Record. Data only dates to November of 2009, so that makes sentiment worst since the recovery. However,…

• US Import/Export Prices Show Cross Border Deflationary Pressures

  Published 10 November 2015 | viewed 0 times

  There's a slew of US economic reports out today. Let's take a look starting with a look at Import and Export Prices as described by…

• Merkel's Cream Puff 'Tougher' Stance

  Published 10 November 2015 | viewed 0 times

  The Financial Times reports Merkel Takes Less 'Welcome' Tone on Refugees as Pressure Builds. Refugees securing asylum in Germany should expect long delays before they…

• Reader Asks 'Without a Job, Who Can Afford to Buy What Robots Make?'

  Published 09 November 2015 | viewed 0 times

  In response to Robots Will Change World Beyond Recognition reader "DB" has a couple of questions: Who can afford to buy what the robots produce?…

• Robots Will Change World Beyond Recognition Says BoA; Automation Will Change Jobs More Than Kill Them Says McKinsey

  Published 08 November 2015 | viewed 0 times

  Robot Theory The battle of robot theory is on. Bank of America paints one picture and McKinsey another. Let's investigate both theories. Automation Will Change…

• US Dollar Surges, December Rate Hike Odds Soar Following Strong Jobs Report

  Published 07 November 2015 | viewed 0 times

  Following today's jobs report the odds of a December rate hike approached 70% and the US dollar index surged. December Rate Hike Odds According to…

• Strong Payroll Bounce +271,000; December Rate Hike Likely

  Published 06 November 2015 | viewed 0 times

  Initial Reaction Following last month's downside shock, comes this month's big surprise to the upside. The Bloomberg Consensus estimate was 190,000 jobs and the headline…

• Merkel Reaffirms 'Refugees Welcome' Policy Over Her Own Party's Objections

  Published 06 November 2015 | viewed 0 times

  German chancellor Angela Merkel seems bound and determined to go out in flames due to her open arms welcoming of refugees. Earlier today Merkel Rejected…

• Shippers Warn of Overcapacity, Cancel Scheduled Voyages, Announce Profit Warnings; Don't Sleep in the Subway

  Published 05 November 2015 | viewed 0 times

  Shipping is a strong indication on the health or weakness of the global economy. So let's take a look at what's happening. World's Largest Shipper…

• EU Running 'People-Smugglers' Promotion Programme' Warns Austria's Foreign Minister; Crazy Response From Sweden

  Published 04 November 2015 | viewed 0 times

  In what should be perfectly obvious (but isn't to Germany and Sweden), EU's Refugee Policy Helps People Smugglers. Europe is running a "people-smugglers' promotion programme"…

• GDP at Stall Speed Once Again

  Published 04 November 2015 | viewed 0 times

  Inquiring minds may be interested in the initial Atlanta Fed GDPNow Estimate for 4th quarter 2015. Here is the chart. The ISM release on November…

• Eurozone Target2 Imbalances Creeping Back Up

  Published 03 November 2015 | viewed 0 times

  Inquiring minds may be interested to note that Target2 Imbalances are creeping back up. Recall that Target2 numbers largely represent capital flight from Eurozone peripheral…

• Manufacturing ISM Flirts With Contraction Third Month, Employment Shifts to Contraction

  Published 02 November 2015 | viewed 0 times

  Economists who looked at last month's barely above contraction report and predicted the same results this month were nearly spot on. Last month the Manufacturing…