Mike Shedlock

Contributor since: 26 Feb 2010

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• Auto Lending Standards Plunge: New Car Loans Average 110% LTV; Used Car Loans 133% LTV with 55% Subprime! Repossessions Up Sharply

  Published 05 December 2013 | viewed 0 times

  U.S. car sales are up. It's easy to explain why: car buyers borrow more as standards loosen The average loan on a new car climbed…

• Pension Battle Shifts to San Jose, San Bernardino, Stockton; Rights of Dinosaurs vs. 'Right Thing'

  Published 03 December 2013 | viewed 0 times

  Now that a federal judge properly ruled pension obligations are not sacrosanct (see Lesson for Union Dinosaurs) the spotlight is once again on union dinosaurs…

• Record Number of French Corporate Bankruptcies; Socialist Theory vs. Practice; What Went Wrong?

  Published 26 November 2013 | viewed 0 times

  The number of French business bankruptcies hit a record in the third quarter of 2013 and the yearly total is on a pace that will…

• Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect

  Published 25 November 2013 | viewed 0 times

  John Hussman's last three weekly emails have been outstanding. Let's take a look at a couple short snips from the first two articles and then…

• Expect 'Dramatic Slowdown' in Germany: Saxo Bank Analysis

  Published 22 November 2013 | viewed 0 times

  Saxo Bank chief economist Steen Jakobsen had some interesting comments on Germany and German exports given a slowdown in China and a rising Euro. To…

• China's 3rd Plenum Means Slower Growth; Australia's 'One Trick Pony' is Biggest Loser; What About Canada?

  Published 21 November 2013 | viewed 0 times

  Here's some interesting analysis from Steen Jakobsen, chief economist of Saxo Bank, regarding implications of China's 3rd plenum. Before presenting the viewpoint of Jakobsen, some…

• 8,000 Euros for Quoting French Blog

  Published 20 November 2013 | viewed 0 times

  A few days ago I learned, via a French blog, that I was fined 8,000 euros for quoting a French blogger. I would have known…

• Promises, Promises; Public Union Pensions NOT Sacrosanct; Mish Template for Fair Public Union Pension Settlement

  Published 15 November 2013 | viewed 0 times

  Numerous cities have filed for bankruptcy in recent years, and many more cities are on the brink. The reason is untenable union wages, and more…

• Free Money Idiocy: Switzerland Referendum Proposes 'Free Money' Annually to Everyone Alive; US Progressives Join the Parade; Hyperinflation?

  Published 13 November 2013 | viewed 0 times

  People constantly ask me what it would take for me to abandon my stance that "hyperinflation is not going to happen in the US". My…

• Venezuela's Hyperinflation Anatomy; Army Storms Caracas Electronics Stores; Total Economic Collapse Underway; Could This Happen in US?

  Published 12 November 2013 | viewed 0 times

  A total economic collapse in Venezuela is now underway. In a futile battle against high prices, President Nicolás Maduro ordered the military to enforce an…

• Japanese Households With Zero Savings Hits 31%, Most Since 1963; Sexless Youth; Currency Crisis Awaits

  Published 11 November 2013 | viewed 0 times

  Japanese citizens are starting to complain Abenomics is not helping them. Here are a few reasons: Prices in Japan are rising, but wages aren't. Taxes…

• Expect Another Leap in Healthcare Costs...

  Published 08 November 2013 | viewed 0 times

  ...New Obamashock Rules: Obamacare Expanded to Cover Mental Health and Addiction If you are already stunned by rising Obamashock! healthcare costs, you can expect still…

• Prime Minister Abe Calls for Wage-Price Spiral to Create "Virtuous Circle"; Shame Shame

  Published 06 November 2013 | viewed 0 times

  Japan's prime minister Shinzo Abe managed to get prices to rise. He did that with his policy to destroy the Yen even though Japan is…

• In Praise of Pronounced Unhappiness

  Published 05 November 2013 | viewed 0 times

  Today, I sing in glorious praise of unhappiness. Lest you think I lost my mind, first consider an Op-Ed in The Hill by life-long friend…

• 10 Corporations Control Nearly Everything You Buy, 6 Media Corporations Control Nearly Everything You Read or Watch

  Published 02 November 2013 | viewed 0 times

  PolicyMic has a very interesting chart that shows how 10 Corporations Control Almost Everything You Buy. Larger Image The chart was posted on Reddit as…

• Five Reasons Obamacare Legislation Failed; The Worst Legislation Money Can Buy; Putting the Patient in the Driver's Seat

  Published 01 November 2013 | viewed 0 times

  Here's an exceptionally well written, on-target email from Claudette, an occupational therapist from Michigan, in response to my post Physical Therapist in NY Chimes in…

• How the NSA Hacked Google and Yahoo! - Part Two - Man in the Middle - 'Flying Pigs', 'Hush Puppy'

  Published 30 October 2013 | viewed 0 times

  In response to NSA Breaks Into Secure Communication Links of Google and Yahoo I received a few comments worth exploring. Reader "Fury" commented "True encryption…

• Illinois Teachers Pension Fund is 40% Funded, Drops Deeper Into Hole Despite Investment Return of 12.8%; What's the Solution?

  Published 30 October 2013 | viewed 0 times

  In spite of a 12.8% annual return, with an 8% return assumption, the Illinois Teachers Retirement System (TRS) fell another $3.5 billion in the hole.…

• 4th and 1st Amendments Under Fire; 'Everyone Spies' a Favorite Cry of US Apologists; War Against Journalists; 'We Hit the Jackpot'

  Published 27 October 2013 | viewed 0 times

  The way to stop media reporting of NSA is simple: Shut down the agency entirely. It is too big, too bloated, and too useless. It…

• Clueless Magoo's Crash Guarantee

  Published 24 October 2013 | viewed 0 times

  Alan Greenspan, one of the biggest contrary indicators in the history of finance says Stocks Are 'Relatively Low' and Headed Upward "In a sense, we…