Mike Shedlock

Contributor since: 26 Feb 2010

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• Chicago PMI Unexpectedly Dives to Negative Territory; Production at Lowest Since July 2009; Emanuel's Tax Hikes Will Make Matters Worse

  Published 30 September 2015 | viewed 0 times

  The Chicago PMI is in negative territory, plunging to 48.7 from a prior reading of 54.4 and a Bloomberg Consensus Estimate of 53.6. Giant swings…

• Food Stamp Growth Outpaces Illinois Job Creation 5-4 During Recovery

  Published 30 September 2015 | viewed 0 times

  Congratulations (of sorts) once again go to Illinois, the only state in the Midwest where SNAP (food stamp) growth outpaced job creation during the recovery.…

• Question to Millennials: Why Are You Not Mad as Hell Yet?

  Published 29 September 2015 | viewed 0 times

  Millennials, why are you not angry about ... Having to pay Social Security when it won't be there for you. Paying exorbitant taxes for public…

• #1 Reason Stocks are Declining; Is Hillary to Blame for Biotech Smash?

  Published 29 September 2015 | viewed 0 times

  In the wake of yet another big market selloff (biotechs down over 6% today), the Nasdaq 100 index down 2.87%, and the S&P down 2.56%,…

• Self-Driving 'WEpod' Shuttles Hit the Road in Europe; Autonomous Car Updates

  Published 28 September 2015 | viewed 0 times

  This November, in the Netherlands, the WEpod six-person passenger van, will become the world's first self-driving vehicle in regular traffic, where cars and trucks also…

• How US Corporations 'Cooperate' With China; Xi's China: A Place Called Hopelessness

  Published 26 September 2015 | viewed 0 times

  In response to Why I'm Never Going to "Two-Bit" China an anonymous reader sent links to a video on how US companies are forced to…

• Tracking the Implosion of Brazil; Be Careful of What You Wish; Perfect Storm; Email from Brazil; More Intervention Madness

  Published 25 September 2015 | viewed 0 times

  Perfect Storm Reader Lucas from Brazil writes about the "perfect storm." Hello Mish Brazilian interest rates are skyrocketing. Rates went up more than 2 percentage…

• Why I'm Never Going to 'Two-Bit' China

  Published 24 September 2015 | viewed 0 times

  I would never go to China, even if someone paid for the trip and all expenses. My reason can be explained in one headline: China…

• LA Pledges $100 Million to Fight Homelessness: Why Stop There? Why Not $1 billion? Why Not $20 Billion?

  Published 24 September 2015 | viewed 0 times

  Public Emergency In yet another example that proves economic stupidity has no bounds, Los Angeles Puts $100 Million Into Helping Homeless. Flooded with homeless encampments…

• Bubble Debate; Equity Allocations vs. Shiller PE; Simple World

  Published 23 September 2015 | viewed 0 times

  Yale University market scholar Robert Shiller entered the bubble debate last week as noted in the Financial Times article Fears Grow Over US Stock Market…

• EU Ministers Ram Through Quota Plan Over 4 Objections; Fairy Tale Material; Mish Does 'The Math'

  Published 22 September 2015 | viewed 0 times

  EU Solidarity has splintered widely as Ministers Ram Through Refugee Quota Plan over the objections of numerous countries. EU interior ministers on Tuesday imposed a…

• Fed Household Spending Survey Projections in Firm Downtrend

  Published 22 September 2015 | viewed 0 times

  Fed Survey of Households Every month the New York Fed interviews a rolling group of 1200 people to produce a detailed Survey of Consumer Expectations.…

• Existing Home Sales Down 4.8%, Decline More Than Expected; 'Still Healthy and Trending Higher' Says Bloomberg - Let's Investigate

  Published 21 September 2015 | viewed 0 times

  Existing Home Sales Decline More Than Expected Existing home sales in August dipped 4.8% month-over-month to a seasonally adjusted rate of 5.31 million units. Although…

• Mish Shedlock Talks: Fed Decision, The Illinois Saga and US Industrial Production

  Published 21 September 2015 | viewed 0 times

  Special Guest: Mike ("Mish") Shedlock, Publisher of the Global Economic Analysis Blogspot.com. An espoused self educated Austrian Economist, Mike Shedlock / Mish is a registered…

• Millennials Surpass Boomers: Why are They Still in the Basement? Eight Reasons; Attitudes and Pendulums

  Published 21 September 2015 | viewed 0 times

  Millennials Overtake Boomers According to Pew Research Millennials will overtake Baby Boomers this year. This year, the "Millennial" generation is projected to surpass the outsized…

• Parade of Fed Parrots Squawk About Rate Hikes This Year; Toss Out the Script

  Published 20 September 2015 | viewed 0 times

  In an effort to convince the market that rate hikes are coming, an amusing parade of Fed parrots squawked in full force over the weekend,…

• US, Russia Hold Military Talks Over Syria; What Changed Obama's Tune?

  Published 18 September 2015 | viewed 0 times

  Russian intervention in Syria has forced president Obama to rethink US policy. The Financial Times reports US and Russia Hold Syria Talks as Moscow Hints…

• Future Expectations Made Six Months Ago vs. Today's Reality

  Published 18 September 2015 | viewed 0 times

  On Thursday, I noted Bloomberg's comment "Something Very Wrong" with the manufacturing sector. More completely, Bloomberg stated "There may very well be something wrong with…

• Philadelphia Fed Manufacturing Survey 'Something Very Wrong'

  Published 17 September 2015 | viewed 0 times

  Some are just beginning to figure out there are manufacturing sector troubles. The late-to-the party quote of the day come from Bloomberg who just now…

• Real Median Earnings for Men at 1971 Level, Women at 2001 Level; Household Income at 1996 Level; What About the War on Poverty?

  Published 16 September 2015 | viewed 0 times

  If you are looking for evidence that QE has done anything to improve income for the bottom half of the nation you will not find…