Mike Shedlock

Contributor since: 26 Feb 2010

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• Fed Drops Word 'Patient'; Door Open, But For What?

  Published 18 March 2015 | viewed 0 times

  As expected, the Fed Drops 'Patient' Stance. Bloomberg says this "Opens Door to June Rate Increase". The Federal Reserve dropped an assurance it will be…

• Obama Goes After UK, Australia, the World for 'Constant China Accommodation'; US Influence Clearly Waning

  Published 17 March 2015 | viewed 0 times

  Constant China Accommodation A major spat between the US and the UK broke out last week with the Obama administration attacking UK prime minister David…

• Dollar Shortage Revisited; Is Japan Zimbabwe? Who's in Control? World Gone Mad

  Published 16 March 2015 | viewed 0 times

  This post is a followup on the alleged US dollar shortage thesis as well as further discussion of the Yuan, and the Yen. Let's start…

• Atlanta Fed Halves GDP Forecast to 0.6%; Blue Chip Consensus Eight Miles High

  Published 13 March 2015 | viewed 0 times

  It's amusing watching all the GDP forecast downgrades in the wake of a huge string of bad economic data reports, one after another. Following the…

• Weather Unexpectedly Much Worse Than Economists Previously Thought

  Published 12 March 2015 | viewed 0 times

  Weather Surprisingly Worse Retail sales were down for the third month today. The Economists Blame Cold Weather. U.S. retail sales unexpectedly fell for a third…

• Reality Check: How Fast is China Growing? Global Recession at Hand

  Published 12 March 2015 | viewed 0 times

  How Fast is China Growing? Analyst estimates of Chinese growth keep getting lower and lower. Yet, those declining estimates have all been from a lofty…

• Is There a US$ Shortage? Will it Sink the Global Economy? Again?

  Published 11 March 2015 | viewed 0 times

  Reader Patricia is wondering about a recent ZeroHedge article, The Global Dollar Funding Shortage Is Back With A Vengeance And "This Time It's Different". The…

• Wholesale Trade: Sales Down, Inventories Up; GDP Estimate Revised Lower Again; Sticking With Recession Call

  Published 11 March 2015 | viewed 0 times

  The US Commerce Department Monthly Wholesales Report for January 2015 shows sales are down while inventories continue to rise. Wholesale Trade Sales Sales down 3.1%…

• From ZIRP to NIRP: Virtues of Germany vs. the Vices of Greece; What About "Speece" and Gold?

  Published 10 March 2015 | viewed 0 times

  Virtues of Germany vs. the Vices of Greece At the heart of the constant bailout bickering in Europe is a fundamental, but seriously misguided notion…

• Brazil Succeeds Beyond Wildest Dreams in Winning 'Currency War'

  Published 10 March 2015 | viewed 0 times

  File this story in the category of "be careful what you wish for, you just may get it". I am talking about Brazil, more specifically,…

• Driverless Cars in 30 US cities; Death of Cars? Convenience vs. Cost; Comfortable Predictions

  Published 09 March 2015 | viewed 0 times

  I remain amused at skepticism towards driverless cars and trucks. Most believe the idea is at least a decade off. Some think it will not…

• Warmongers United: Juncker Requests Creation of EU Army; Peace by War

  Published 09 March 2015 | viewed 0 times

  Warmongers United European discussion of Russia has gone from dumb to dumber. Of course, the highly regarded "Warmongers United Think Tank" (WUTT) would dispute that.…

• Rush to Judgment and Extremely Inaccurate Reporting

  Published 08 March 2015 | viewed 0 times

  Rush to Judgment The moment Russian opposition leader Boris Nemtsov was gunned down last Friday, Western media rushed to judgment. Heck, even friends who should…

• Trends in Employment: What Age Groups Get the Jobs?

  Published 07 March 2015 | viewed 0 times

  One interesting fact in today's jobs report (see Diving Into the Payroll Report: Establishment +295K Jobs; Household +96K Employment, Labor Force -178K) was a drop…

• Will Higher Minimum Wages Create Jobs? Who Benefits From Higher Minimum Wages? Demographic Perspective

  Published 06 March 2015 | viewed 0 times

  Of all the ridiculous notion floating around in the liberal media is the notion that higher minimum wages will create jobs. The theory goes like…

• Factory Orders Unexpectedly Decline 6th Month; Five Excuses; Orders vs. Shipments

  Published 05 March 2015 | viewed 0 times

  Extending the longest streak since the 2008-2009 recession, Factory Orders Unexpectedly Decline 6th Month. New orders for U.S. factory goods unexpectedly fell in January, posting…

• Chicago's Only Possible Salvation: Bankruptcy - a Name That Cannot be Spoken

  Published 03 March 2015 | viewed 0 times

  Is the Chicago pension system so messed up and union work rules so entrenched the only way to change either of them is bankruptcy? I…

• Illinois Pension Plans 39% Funded ...

  Published 02 March 2015 | viewed 0 times

  ... Taxpayers On the Hook for $105 Billion in Liabilities; It Will Get Worse! This is my second column for the Illinois Policy Institute, where…

• Greece Negotiations Resume Again; "Constructive Ambiguity"; Schauble Outmaneuvered!

  Published 01 March 2015 | viewed 0 times

  On Friday, the German Bundestag Backed the Greek Bailout Extension. Ahead of the vote, many commented that Greece collapsed. It's not all that simple as…

• Recession is On The Way: Questioning One's Sanity; Beat The Crowd, Panic Now!

  Published 27 February 2015 | viewed 0 times

  In 2006-2007 I called for a recession. We got a big one. I called for another one in 2011, as did the ECRI. That recession…