Mike Shedlock

Contributor since: 26 Feb 2010

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• Pettis on Strains in China's Banking System; Avoiding the Fall

  Published 26 December 2014 | viewed 0 times

  In his last email of the Year Michael Pettis takes stock of the current state of China's rebalancing. It's an 18 page PDF, with no…

• OPEC Blames Speculators, Non-OPEC Countries, US Frackers for Oil Price Crash

  Published 21 December 2014 | viewed 0 times

  OPEC is pointing the finger at speculators as well as Non-OPEC countries, but especially US shale producers for the crude price crash. Let's explore that…

• Napoleon vs. Cheney: 'Interrogation That Actually Works'; Icing on the 'Hate-Cake'

  Published 18 December 2014 | viewed 0 times

  Not only is torture against international law, it also produces no useful intelligence. Common sense is enough to prove that statement. If someone threatened to…

• Ruble Moves 25% Intraday; Bid/Ask Spread at Latvia Currency Exchange Goes Wild; Ruble a Buy?

  Published 16 December 2014 | viewed 0 times

  Reader "Luke" from Riga, Latvia emailed an amusing image he took today of exchange rates at the Latvian currency exchange "Marika". Latvia is on the…

• What's Behind the Plunge in Oil? Winners and Losers? Boon to Spending or Recessionary?

  Published 16 December 2014 | viewed 0 times

  What's Behind the Plunge in Oil? In the wake of a widely unexpected, huge oil price decline, I have received many questions and comments. Some…

• C.I.A. Director Brennan, a Proven Liar, Defends Torture

  Published 11 December 2014 | viewed 0 times

  Brennan Should be Fired Immediately, then Prosecuted along with Other CIA Directors and Cheney In 2009, CIA Director John Brennan criticized CIA techniques for having…

• Charts Show 28 Seriously Troubled Mega-Banks: 24 of them in Europe

  Published 11 December 2014 | viewed 0 times

  I have been saying for years that European banks are in far worse shape than US banks. We can now show that in chart form…

• Illinois Passes Law Making it a Felony to Video Police; How to Stop Police Abuse

  Published 11 December 2014 | viewed 0 times

  How to Stop Police Abuse There's one way and one way only to stop police abuse: Criminally prosecute it, then allow civil penalties. In a…

• I Traded Some Gold For Silver

  Published 10 December 2014 | viewed 0 times

  Last Friday I decided the gold:silver ratio was so out of line that I swapped some of my gold for silver. The ratio is a…

• Physical Gold and Silver vs. Paper Gold and Silver: How Much Markup Are You Willing to Pay?

  Published 09 December 2014 | viewed 0 times

  I am a gold bull, but I am also concerned about seriously misleading hype regarding alleged shortages. For example, a friend recently emailed an article…

• Global Oil Consumption Report: What Countries Have Increased or Decreased Oil Usage Since 2009?

  Published 05 December 2014 | viewed 0 times

  Reader David Epperson sent in some interesting charts on global oil usage that he produced from U.S. Energy Information Administration (EIA) data. The data is…

• Yield Curve Casts Doubt on 'Robust Recovery' Theory

  Published 04 December 2014 | viewed 0 times

  A week ago Fed Governor Dudley announced "U.S. Economic Outlook Looks Brighter". My response was Ring! Ring! Goes the Bell. Today, Curve Watcher's Anonymous offers…

• Incredible Populist Positions in Podemos' 'Economic Manifesto'; Populism Explained

  Published 02 December 2014 | viewed 0 times

  As noted last week, Spain's top-polling political party, Podemos, released an "Economic Manifesto" that called for "Debt Restructuring" and for Spain to "Abandon the Euro…

• Huge Commodity Reversals; Is the Bottom In?

  Published 01 December 2014 | viewed 0 times

  Gold, silver, and oil put in pretty spectacular reversals today from Friday Noon. Let's take a look. Gold 60-Minute Chart Larger Image Silver 60-Minute Chart…

• Google vs. Sun vs. France: Too Big, Too Powerful, Too Free

  Published 26 November 2014 | viewed 0 times

  I happen to like the sun. By definition, the earth would not even be a planet without the sun. No one on earth would be…

• Fed 'Mystified' Why Millennials Still Live at Home; My Answer May Surprise You (It Isn't Jobs, Student Debt, or Housing)

  Published 24 November 2014 | viewed 0 times

  A New York Fed research paper wonders What's Keeping Millennials at Home? Is it Debt, Jobs, or Housing? The paper says "it's a mystery" why…

• Reply From Pettis on Spain; Prisoner's Dilemma in Reverse; EMU End Game

  Published 21 November 2014 | viewed 0 times

  In response to Spain Needs to Debate Leaving the Euro; Tooth Fairy Economics I received a nice email from Michael Pettis confirming my translation was…

• Pettis: Spain Needs to Debate Leaving the Euro; Tooth Fairy Economics

  Published 19 November 2014 | viewed 0 times

  Michael Pettis has a very interesting article on the Spanish news site ABC regarding a possible default of Spain and the eventual breakup of the…

• Added To My Basket of Miners Yesterday; 'I Am My Own Central Banker'

  Published 18 November 2014 | viewed 0 times

  In the wake of plunging gold, people constantly asked when I would throw in the towel. I was somewhat puzzled by these repeated questions as…

• 'Mystery of the Unexpected' Explained; Japan Slides Into Recession Yet Again; Blue Ribbon Panel in Review

  Published 17 November 2014 | viewed 0 times

  With two consecutive quarters of contracting Gross Domestic Product, Japan is officially back in recession. GDP shrank 1.6% annualized. Unadjusted for price changes, the Japanese…