Mike Shedlock

Contributor since: 26 Feb 2010

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• Household Spending Growth Expectations Plunge; Recession Already Started?

  Published 12 May 2015 | viewed 0 times

  Every month the Fed does a Survey of Consumer Expectations for inflation, earnings growth, income growth, and consumer spending growth. In the microeconomic data overview,…

• Inane Analysis on 'Who Benefits from a Higher Minimum Wage'

  Published 12 May 2015 | viewed 0 times

  Without any analysis or comment, Barry Ritholtz posted EPI propaganda on "Who Benefits from a Higher Minimum Wage". Barry, if you are going to post…

• Meet Yangyang Another Humanoid Robot

  Published 07 May 2015 | viewed 0 times

  A female humanoid robot "Yangyang", named and modeled after her creator, has a variety of realistic facial expressions. "Yangyang" wows visitors at Beijing's Global Mobile…

• First Self-Driving Truck Hits the Road Already, Nevada License AU010

  Published 06 May 2015 | viewed 0 times

  Every time I post on antonymous trucks, I get dozens of emails from people telling me that self-driving trucks will not happen for at least…

• First Quarter GDP Likely Negative as Trade Deficit Soars

  Published 05 May 2015 | viewed 0 times

  On April 29 in Real Q1 GDP 0.2% vs. Consensus 1.0%; Disaster in the Details I commented "The second estimate of Q1 GDP comes out…

• 'Freedom Philosophy vs. Empire of Lies': Authorized Documentary About Ron Paul's Career

  Published 05 May 2015 | viewed 0 times

  Many producers have approached Ron Paul about doing a documentary regarding Paul's philosophical views. Until now, Ron Paul has turned down all such overtures. Empire…

• Robots About to Take Away 18 Million German Jobs, 59 Percent of Germany's Work Force?

  Published 04 May 2015 | viewed 0 times

  I have seen many grim predictions regarding robots taking away human jobs, but one of the most dire predictions comes from a study commissioned by…

• Factory Orders Positive First Time in 8 Months, Remain Weak

  Published 04 May 2015 | viewed 0 times

  Last month I noted Factory Orders Unexpectedly Rise Snapping String of 6 Straight Declines. They didn't. Last month's orders were revised to the negative column…

• Beware, the Tax Man Has Eyes on You: Potential Hike for Illinoisans is Staggering

  Published 04 May 2015 | viewed 0 times

  Live in Chicago? A report by Nuveen shows a pension payment spike looms in 2016, and the potential tax hike to fix it is staggering.…

• French Unemployment At New Record Highs: Whom Do They Blame?

  Published 03 May 2015 | viewed 0 times

  While ECB president Mario Draghi brags his economic policy of negative interest rates is working, I ask for whom? On April 23, 2015 I noted…

• Miracle Twinkies Comeback

  Published 02 May 2015 | viewed 0 times

  I have written about Twinkies three times before. Recall that in November of 2012, Hostess, the owner of Twinkies, Ding Dongs, Ho-Ho's and other sweet…

• Investigating The GDP Deflator: Wildly Differing Results Depending on Your Choice

  Published 01 May 2015 | viewed 0 times

  As noted in Real Q1 GDP 0.2% vs. Consensus 1.0%; Disaster in the Details I got the first quarter GDP forecast details correct. However, a…

• Fed Cites Weather, 'Transitory' Factors in FOMC Statement; No Hat Tricks; What About Consumer Sentiment?

  Published 29 April 2015 | viewed 0 times

  Don't worry. The First Quarter GDP Disaster, released this morning is transitory. How do I know? The Fed says so. Here is the FOMC Statement…

• Real Q1 GDP 0.2% vs. Consensus 1.0%; Disaster in the Details

  Published 29 April 2015 | viewed 0 times

  The first quarter real GDP estimate of 0.2% was released today. In spite of all the extremely week economic reports lately, economists still could not…

• Deconstructing and Debunking Shadowstats

  Published 28 April 2015 | viewed 0 times

  An interesting article came my way today courtesy of a friend "BC". The article is Deconstructing ShadowStats. Why is it so Loved by its Followers…

• Valuations: Maybe I am Crazy

  Published 28 April 2015 | viewed 0 times

  Relative vs. Absolute Value As I watch valuations on stocks soar higher and higher into the stratosphere, I keep asking "where is the value?" The…

• New Home Sales Down 11.4% Overall, 15.8% in South; Median Price Declines

  Published 23 April 2015 | viewed 0 times

  The Bloomberg consensus estimate for new homes sales was an overly-optimistic 518,000. Instead, it's bad news again as new home sales fell a very steep…

• Seven Year Negative Returns in Stocks and Bonds; Fraudulent Promises

  Published 23 April 2015 | viewed 0 times

  It is extremely refreshing to see a large, prominent, and historically accurate fund manager lay it on the line. GMO does that quarter after quarter,…

• Ukraine Update: Not Quiet on the Eastern Front; Sanitized US News; Wakeup Call From Poland

  Published 23 April 2015 | viewed 0 times

  Judging from Western media, one might think nothing much is happening in Ukraine. Facts are wildly different as we will discuss momentarily. Rush to Judgment…

• Yield on Chicago School Bond Offering Hits 5.63%; Debate Over Risk; Miracles Not Coming; Bankruptcy the Sensible Option

  Published 21 April 2015 | viewed 0 times

  Today a $295.7 million bond offering by the beleaguered Chicago Board of Education hit the market. The Yield Hit 5.63%. That is 285 basis points…