Mike Shedlock

Contributor since: 26 Feb 2010

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• Ukraine Rations Food; Interbank Rate New Record Low; Monetization of Bonds; 'Devaluation Kerosene'; Electronics a Store of Value

  Published 27 February 2015 | viewed 0 times

  A chart of Ukraine's currency is nonsensical once again today. Supposedly the hryvnia rallied again today, if only by a miniscule amount 0.15%. Yet, once…

• Ukraine Hyperinflation; Currency Plunges 44% in One Week! ...

  Published 25 February 2015 | viewed 0 times

  ... Actual Black Market Rates; Poroshenko Gives 'Ultimatum' to Central Bank to Fix Exchange Rate I hear various reports of what the hryvnia actually trades…

• Lacy Hunt on Financial Repression; Deleveraging Not

  Published 20 February 2015 | viewed 0 times

  In another of his series on Financial Repression, Gordon Long of Market Research and Analytics interviewed Dr. Lacy Hunt, Executive Vice President of Hoisington Investment…

• NSA Hacks Into SIM Card Makers Giving US and UK Criminals Access to Millions of Cell Phones

  Published 20 February 2015 | viewed 0 times

  The Great SIM Heist I have a simple question: Why is it a crime for someone to hack into Sony, Target, weather stations, etc., but…

• Head-On Collision: Germany Rejects Greece 'Trojan Horse'; Slovakia Rules Out Further Aid

  Published 20 February 2015 | viewed 0 times

  Today the eurogroup finance ministers rejected Syriza's request for a bridge loan to work things out. Germany upped the ante, calling Greece's Letter Requesting Extra…

• Another DOA Proposal Discussed Thursday; Exceptional Game Playing

  Published 18 February 2015 | viewed 0 times

  Another DOA Greek Proposal Discussed Thursday It's likely make-or-break for Greece in the next two days. Tomorrow the Eurozone to Weigh Greek Bailout Proposal, but…

• Hollande Risks Vote of Confidence Over Business-Friendly Legislation; National Debate Over Baguettes

  Published 18 February 2015 | viewed 0 times

  Hollande Risks Vote of Confidence French President Francois Hollande took an unusual step today of passing law by decree, with no parliamentary vote. Article 49.3…

• Bailout Talks Collapse in 4 Hours; Greece Says Extension is 'Absurd'; 79% Support Syriza's Negotiation Stance

  Published 17 February 2015 | viewed 0 times

  Greece Says Extension is "Absurd" Talks between Greece and eurozone officials were expected to last through the night. Instead Greece Bailout Talks Collapsed in Acrimony…

• Third Greek Bailout? Another 53.8 Billion Euro Needed? Primary Account Surplus Revisited

  Published 11 February 2015 | viewed 0 times

  Greece has two major financing problems. One is long-term, the other happens right now. Greece's overall debt load of €323 is not sustainable. What cannot…

• Seven Years Later, Global Debt Keeps Piling Up, $57 Trillion More Than 2007

  Published 10 February 2015 | viewed 0 times

  Central bankers still have not figured out the absurdity of their efforts to cure deflation via low interest rates. By forcing down interest rates and…

• Consumers Report Stable Inflation Expectations, Lower Spending Growth Expectations

  Published 09 February 2015 | viewed 0 times

  Results from the January 2015 Survey of Consumer Expectations (SCE) indicate median consumer inflation expectations were largely unchanged at both the one-year and three-year ahead…

• Germany's 'Time Pressure' Thesis; Noose Tightens on Europe

  Published 04 February 2015 | viewed 0 times

  No Bad Compromises Says Germany Today German Chancellor Angela Merkel proclaimed Greek Diplomatic Offensive Is Failing. Merkel's Christian Democratic-led bloc in parliament has agreed not…

• Australia Coming Apart at the Seams

  Published 04 February 2015 | viewed 0 times

  With the huge spotlight on Europe, Greece, the US Dollar, Canada, Switzerland, and China, it's easy to lose track of major things outside of mainstream…

• Diving Into The ISM: What's It All Mean?

  Published 03 February 2015 | viewed 0 times

  This morning the Institute for Supply Management released its much followed Manufacturing ISM® Report On Business®. What's It Mean? The PMI is a diffusion index.…

• Greece Will Not Accept Bailout Extension or Deal With 'Rottenly Constructed' Troika; Mish's Game Theory Math

  Published 31 January 2015 | viewed 0 times

  Greece Will No Longer Deal with 'Troika' It now strongly appears as if Greece, Germany, and the nannycrats in Brussels are all on one hell…

• Asset Price Deflation Coming Up? Food Prices About to Drop? CPI About to Go Negative? Credit Deflation?

  Published 29 January 2015 | viewed 0 times

  When inflation alarmists want to convince everyone the dollar is about to become worthless, they post this chart of the CPI. CPI - Urban Consumers…

• Pact With the Devil? Syriza Projection 150 Seats; Coalition Deal Already; 'Indisputable Mandate to Leave Austerity'

  Published 26 January 2015 | viewed 0 times

  One Short of Outright Majority With vote counting nearly over, it appears Syriza captured exactly half of the 300 member Greek parliament with approximately 36.3%…

• Prince Michael of Liechtenstein Warns 'QE a Sign of Helplessness, Will Not Reach Economy'; Prince Michael vs. Martin Wolf

  Published 24 January 2015 | viewed 0 times

  I received an interesting email today from Geopolitical Information Service (GIS) regarding statements made by Prince Michael of Liechtenstein on European QE by the ECB.…

• 'QE already Working' Says IMF Lagarde; Ho-Hum Details Announced; Gold the Place to Be

  Published 22 January 2015 | viewed 0 times

  Today, ECB president Mario Draghi announced his much awaited QE program that will allegedly save Europe from the imaginary perils of price deflation. See Deflation…

• Central Bank Impotence: ECB as Impotent as Obama

  Published 22 January 2015 | viewed 0 times

  Yesterday, President Obama gave a State of the Union Address that contained a series of proposals for US Congress on raising taxes, free education, and…