Mike Shedlock

Contributor since: 26 Feb 2010

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• Euribor Goes Negative, Banks Paid to Borrow from Each Other; ECB Risks Freezing Repo Market

  Published 21 April 2015 | viewed 0 times

  Banks Paid to Borrow From Each Other Via massive QE purchases of bonds, ECB president Mario Draghi is flooding Europe with cash that European banks…

• Credit Swap Event Triggers for Chicago Schools: Out of Cash in 30 Days...

  Published 20 April 2015 | viewed 0 times

  ...Cooking the Books to Oblivion:Rauner Ponders Bankruptcy; Emanuel Out to Destroy Middle Class Bad news on Chicago is deep and broad: The Chicago Public School…

• Mish Shedlock Talks America's Pension Problem

  Published 19 April 2015 | viewed 0 times

  An espoused self educated Austrian Economist, Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset…

• Homebuilding Off to Slow Start in 2015; Starts Miss Expectations; Atlanta Fed GDP Forecast 0.1%

  Published 16 April 2015 | viewed 0 times

  Add home building to the list of disappointing economic reports. The Bloomberg Consensus for seasonally adjusted starts was for 1.04 million. Instead we saw .926…

• Super Taper Tantrum? How About an UnTaper Tantrum?

  Published 16 April 2015 | viewed 0 times

  Generally, the IMF is wrong every which way about nearly everything. Thus, one has to wonder if the correct response to 'Super taper tantrum' ahead,…

• Idiot's Solution to Negative Interest Rates: Abolish Cash, Tax Currency

  Published 15 April 2015 | viewed 0 times

  Citibank's Global Chief Economist Willem Buiter is another in a line of economic idiots (sorry, but no other word is more accurate) who call for…

• Peace Must Be Stopped At Any Cost; Lies and Hypocrisy on Iran

  Published 14 April 2015 | viewed 0 times

  The Republican attack dogs were all over Rand Paul when he made the statement "I'm going to keep an open mind" on Obama's deal with…

• Spotlight on China: Margin Debt, Trading Accounts, Construction Equipment

  Published 14 April 2015 | viewed 0 times

  In response to my April 1, post China Margin Debt Soars to Record 1 Trillion Yuan; Another Central Bank Sponsored Bubble I received an email…

• Greece to Default on IMF in May, June if No Deal Reached

  Published 13 April 2015 | viewed 0 times

  Greece is threatening to withhold payments to the IMF in in May and June. This time it does not sound like a bluff. And if…

• Credit Crunch Underway: Can Recession Be Far Behind?

  Published 13 April 2015 | viewed 0 times

  Credit Crunch Underway Last week, Alexander Giryavets of Dynamika Capital L.L.C. pinged me with an article he had written on Recessionary Level in Credit Conditions.…

• Legacy Skills and Capital; Sugar and Steel; Turning TPP to TP

  Published 12 April 2015 | viewed 0 times

  In response to Readers Question Free Trade; Does Nonreciprocal Free Trade Cost Jobs? Paul Krugman "Was" Right!, reader Ken is wondering about legacy capital and…

• Rauner Seeks Insurance Program Changes for Illinois Retirees; Michigan Changes Upheld in 6-0 State Supreme Court Decision

  Published 10 April 2015 | viewed 0 times

  Illinois state pension and retirement plans are in dire straits. The only way to fix the problems is with plan changes. Michigan did that in…

• Readers Question Free Trade; Does Nonreciprocal Free Trade Cost Jobs? Paul Krugman 'Was' Right!

  Published 10 April 2015 | viewed 0 times

  I received many questions and comments regarding Obama's Trans-Pacific Partnership Fiasco vs. Mish's Proposed Free Trade Alternative. While most do see Obama's Trans-Pacific Partnership (TPP)…

• Rand Paul Strikes Back at Lindsey Graham, Neocons: 'In Reality, They Have Been On Obama's Side'; Reflections on the 'Far-Wrong'

  Published 09 April 2015 | viewed 0 times

  On April 5, US Senator Lindsey Graham made the statement "The best deal, I think, comes with a new president. Hillary Clinton would do better.…

• Mish's 'Core Unemployment' Thesis vs. Bernanke's 'Natural Unemployment' Thesis

  Published 08 April 2015 | viewed 0 times

  Natural Unemployment In response to Republican questioning on monetary policy and employment, Bernanke replied the Fed Already Follows Policy Rule. "The Fed already has a…

• Expansion of Disability Fraud Under Obama: Puerto Ricans Get U.S. Disability Benefits for Inability to Speak English; Disability Deal Explained

  Published 08 April 2015 | viewed 0 times

  New Meaning of Disability Here is a curious story on the meaning of "disability." Please consider Lack of English Meant Puerto Ricans Got Disability Benefits.…

• Stupidity of Negative Interest Rates Expands to Spain; Deflation Shock Thesis

  Published 07 April 2015 | viewed 0 times

  Spain Joins the Negative Interest Rate Club Reader Bran emailed a link this morning to an El Pais Article that showed interest on a 6-month…

• Obama's Trans-Pacific Partnership Fiasco vs. Mish's Proposed Free Trade Alternative; How Will TPP Function in Practice?

  Published 07 April 2015 | viewed 0 times

  Reader Richard asked me to comment on Obama's Trans-Pacific Partnership (TPP) proposal. For starters, it's one complicated mess. The Washington Post "Wonkblog" said in 2013…

• Another Definition of Deflation: Antal Fekete Defines Deflation as a 'Pathological Slowing in the Velocity of Money'

  Published 07 April 2015 | viewed 0 times

  In an interview with the Daily Bell that just came my way, Antal Fekete writes about Blowing Up Modern Austrian Economics ... in a Good…

• History Lesson for Hypocrites, Warmongers, and Fools

  Published 07 April 2015 | viewed 0 times

  In response to Obama Doctrine; An Astonishingly Good Deal? "Only Rand Paul Could Do Worse" Says Senator Graham reader Michael says I am naive and…