Mike Shedlock

Contributor since: 26 Feb 2010

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• Hey Janet, It's July 15!

  Published 15 July 2015 | viewed 0 times

  In Congressional testimony today, Yellen Reiterates She Expects Rate Hike This Year. Federal Reserve Chair Janet Yellen told Congress Wednesday that the Fed still plans…

• White Knight Irony: IMF Threatens to Walk Away From Bailout Deal Citing Unsustainable Debt

  Published 14 July 2015 | viewed 0 times

  IMF to the Rescue? In the final minutes of the gunpoint "negotiation" between Greece and its creditors, the last two sticking points were IMF involvement…

• Retail Sales Unexpectedly Sink Below the Lowest Economist's Estimate; September Hike? Really?

  Published 14 July 2015 | viewed 0 times

  A month ago, following the Expected Retail Sales Bounce, I stated "A sales snapback was coming at some point. May was the month following months…

• Humiliation; Arrogance; Crucifixion; Demolition of Eurozone Project

  Published 13 July 2015 | viewed 0 times

  As I further ponder on the Breathtaking Political Capitulation of Greek prime minister Alexis Tsipras I still seek an explanation for his stunning reversal. Here…

• Breathtaking Political Capitulation; Tsipras Should Resign; Tsipras Trades Royal Flush for Draw at Inside Straight

  Published 13 July 2015 | viewed 0 times

  Shockingly Stupid Sequence of Events I am seldom stunned by political stupidity. In fact, I am surprised when I don't see it. Yet, I have…

• Critics Flock to Site 'ThisIsACoup'; Killing the European Project; Illusions; Who's Going to Pay?

  Published 13 July 2015 | viewed 0 times

  CNN Money reports the top trending twitter hash site in Greece, Germany, the UK, and Ireland this evening is #ThisIsACoup. As European leaders tried to…

• Tsipras' Choice: Total Capitulation or Grexit; Text of 4-Page Eurozone Demands

  Published 12 July 2015 | viewed 0 times

  We now have "THE Final Offer Before Grexit" (I think). Of course, more offers will come after Grexit. The Financial Times has the Four-Page Text…

• Obama's Time Machine: Can He Really Turn Back The Clock?

  Published 10 July 2015 | viewed 0 times

  Time Machines Appear in Brussels Via the magic of time machines, it appears that midnight three weeks ago has still not arrived. I say that…

• Greece Connects with Russia, Unveils 2 Billion Euro Gas Deal ...

  Published 09 July 2015 | viewed 0 times

  ... Germans in Rift with Eurozone; Did France Save Europe? - by Mike Shedlock - July 9, 2015 Yesterday, US treasury Secretary Jack Lew and…

• Switzerland Postal Service Tests Drone Package Delivery; Reader Mailbag on Today's Grounding of All United Flights

  Published 08 July 2015 | viewed 0 times

  This morning reader "PSB" sent me a link to United Airlines Grounds All Flights in the US Over Computer Issues. PSB asked "And how will…

• Chinese Stock Market Nosedive Continues; China Warns of Panic, Irrational Selling; Over Half of Companies Halted; Pent-Up Demand to Sell

  Published 08 July 2015 | viewed 0 times

  Nosedive Panic The crash in Chinese equities continues amid regulators' talk of panic and irrational selling. Ironically, China has banned the use of terms like…

• 940 Chinese Firms Halt Trading; China Allows Houses as Margin, Bans Use of Term 'Equity Disaster'; Two Rules, Two Questions

  Published 07 July 2015 | viewed 0 times

  Two Rules Every bubble eventually bursts The bigger the bubble the bigger the bust Central banks globally have blown the biggest bubble ever in the…

• Krugman Essentially Correct on Greece; Chance of Escape

  Published 06 July 2015 | viewed 0 times

  It's quite rare for me to agree with economist Paul Krugman on much of anything, or him with me. Today, I think Krugman is essentially…

• Overwhelming 'No' Vote; The Way Forward; Congratulations!

  Published 05 July 2015 | viewed 0 times

  Four polls said the Greek referendum was supposed to be "Knife Edge" close. Instead, Greece Heads for Decisive No Vote. With 85 per cent of…

• Divided Greece; Eve of Referendum Polls Split; 20,000 Rally 'No' and 20,0000 Rally 'Yes'; Back Home From 17 Days in Iceland

  Published 05 July 2015 | viewed 0 times

  Eve of Referendum Polls Split On the eve of the referendum, Greek voters are undecided how to vote. If one believes the polls, it's essentially…

• Greek Banks Down to Last Euro500 Million; Vote for Servitude Takes Slight Lead; IMF Says Greece Needs Another Euro60 Billion Bailout

  Published 03 July 2015 | viewed 0 times

  Greece Roundup A "yes" vote in favor of servitude has now reached a slight majority according to some Greece referendum polls. How accurate the polls…

• Pilot Pulls Wrong Throttle, Kills 43; Tennessee Train Crash Releases Toxic Fumes, 5,000 Evacuated; Robot-Preventable Accidents

  Published 02 July 2015 | viewed 0 times

  Improper training of a Taiwan pilot took the lives of 43 people in February. In a report just released, the pilot's last recorded words were…

• Triumph of Democracy; Reader Reflections on Greece; Absurd Reactions

  Published 29 June 2015 | viewed 0 times

  Reader Reflections on Greece Reader "AC" pinged me this AM with her accurate assessment of events in Greece. "AC" writes ... I find strange that…

• Sudden Stop Thesis: What Are the Odds of Grexit Within Three Weeks?

  Published 29 June 2015 | viewed 0 times

  Four years ago I thought odds of an eventual Grexit were nearly certain. Some people still don't believe so, while others are just beginning to…

• ECB Cries Uncle, Halts ELA Amid Run on Greek Banks; Capital Controls and Bank Holiday Next?

  Published 28 June 2015 | viewed 0 times

  I have been wondering when the ECB would finally pull the plug and put a stop to the ELA. Today, amid an accelerating run on…