Mike Shedlock

Contributor since: 26 Feb 2010

Contact Contributor

Biography

• The Obama Doctrine; An Astonishingly Good Deal? "Only Rand Paul Could Do Worse" Says Senator Graham

  Published 06 April 2015 | viewed 0 times

  Hardline skeptics in Iran, the US, and Israel all want to scuttle President Obama's mission to forge a deal with Iran over its nuclear program.…

• Huge Miss on Jobs: Establishment +126K Jobs; Household +34K Employment, Labor Force -96K

  Published 03 April 2015 | viewed 0 times

  Initial Reaction For a huge change we see the existing pattern of a strong establishment survey but a poor household survey has been replaced by…

• Trade Deficit Shrinks; First Quarter GDP Estimate Ticks Up to 0.1%

  Published 02 April 2015 | viewed 0 times

  Trade Deficit Shrinks Inquiring minds are investigating the Commerce Department report on International Trade in Goods and Services for February 2015, for clues about first…

• Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

  Published 02 April 2015 | viewed 0 times

  Chicago finances are even worse than I thought which is saying quite a bit because I have written about the sorry state of Chicago finances…

• Driverless Car Completes California to New York Trip; UK Rewriting Traffic Laws as Tests Begin

  Published 01 April 2015 | viewed 0 times

  With each passing month, driverless cars make new advances. Within five years I believe driverless vehicles of all sorts will be common, albeit perhaps not…

• Iceland Ponders Radical Money Plan Including Elimination of Fractional Reserve Lending and Deposit Insurance

  Published 01 April 2015 | viewed 0 times

  I have long railed against fractional reserve lending, duration mismatches (e.g. banks issuing 2-year CDs and lending money for 15-year mortgages), bank's ability to lend…

• Downside Data Surprises in Canada; Bad Weather Up North? How About Recession?

  Published 31 March 2015 | viewed 0 times

  The string of bad data reports not only applies to the US, economists up North appear to be no better at predicting the weather than…

• Historical Perspective on CPI Deflations: How Damaging are They?

  Published 31 March 2015 | viewed 0 times

  Yet another central bank has announced a warning about the perils of deflation. Please consider China Central Bank Calls for Vigilance on Deflation. China's central…

• Ben Bernanke, Confused as Ever, Starts His Own Blog to Prove It

  Published 30 March 2015 | viewed 0 times

  Ben Bernanke just started his own blog at the Brookings Institute. His first post, from today, Inaugurating a New Blog is the announcement. Let's dive…

• BS on the Driver for Gold: What is Gold About to Tell Us?

  Published 30 March 2015 | viewed 0 times

  An interesting article came my way from UBS analyst Julien Garran on the driver for gold. I do not have a link to share so…

• Can The Eurozone Survive? Not in Its Current Form Says PIMCO; Mish Response

  Published 29 March 2015 | viewed 0 times

  Echoing statements I have made many times, PIMCO says the single currency area must become a "United States of Europe" in order to secure its…

• Misunderstanding 'Peak Gold'; Gold About to Run Out?

  Published 27 March 2015 | viewed 0 times

  Is gold about to "run out"? The correct answer to that question is the likelihood of that happening is precisely 0%. However, that is not…

• GDP Projections Drop Yet Again, Still Too High

  Published 25 March 2015 | viewed 0 times

  In the wake of a 6th consecutive decline in business spending GDP Growth Estimates Tumble, Again. The Federal Reserve Bank of Atlanta on Wednesday put…

• Screws Tighten: ECB Forbids Greek Banks From Buying More Debt...

  Published 24 March 2015 | viewed 0 times

  ...ECB Exposure to Greece Tops €100 Billion; Greece Out of Cash by April 20 ECB Denies it is Blackmailing Greece Yesterday, Mario Draghi Hit Back…

• Plotting the Trust (or Lack Thereof) in Greek Banks; Greece Capital Flight in Pictures

  Published 23 March 2015 | viewed 0 times

  Greece Capital Flight in Pictures Using Target2 Imbalances as a measure of capital flight and trust that Greeks have in their banks, here are two…

• War Games: Russia Threatens Denmark, NATO Intercepts Russian Jets, NATO Launches Drills on Russian Border

  Published 22 March 2015 | viewed 0 times

  Destabilizing war drill exercises from both NATO and Russia are the order of the day. The more the drills, the more like one side or…

• China's Vice Premier Seeks 'Reasonable Growth'

  Published 22 March 2015 | viewed 0 times

  China's Vice Premier says "high speed growth" is a thing of the past and instead says China Will Keep Economic Growth in Reasonable Range China's…

• Evolution of Taxes: Italy Taxes 'Shadows', Tax on Breathing Next?

  Published 21 March 2015 | viewed 0 times

  Zero Hedge had an interesting article today called In Italy, They're Now Taxing Shadows. This is one of those stories where you expect the headline…

• Yield Curve, Futures, Suggest No Rate Hike Until December; GDP Forecast Halved Again to 0.3%

  Published 20 March 2015 | viewed 0 times

  Curve Watcher's Anonymous is investigating the yield curve following Janet Yellen's exceptionally dovish FOMC announcement on Wednesday. Yield Curve 2-yr, 3-yr, 5-yr, 10-yr, 30-yr 30-year…

• China's Deflationary Bust and Beyond: Anne Stevenson-Yang Presentation

  Published 18 March 2015 | viewed 0 times

  Anne Stevenson-Yang graciously made her presentation on China 2015 Risks - Deflationary Bust and Beyond publicly available. I wanted to embed the document but it…