Mike Shedlock

Contributor since: 26 Feb 2010

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• ECB President Mario Draghi Announces New Stress Tests; Translating 'Draghize'

  Published 23 October 2013 | viewed 0 times

  When it comes to stress tests, especially for European banks, the one thing history suggests is the tests will be essentially stress-free, by design. Why…

• Dysfunctional Global Economy; Can Things Get Worse? Rediscovering the Price of Money

  Published 21 October 2013 | viewed 0 times

  Steen Jakobsen, chief economist of Saxo Bank in Denmark, says things are so bad they cannot get worse. Please consider Rediscovering the Price of Money.…

• Illinoisans Beware: 'Progressives' Seek Massive Tax Hike Again; Fight the Hike!

  Published 18 October 2013 | viewed 0 times

  Illinois "Progressives" (a single word to describe "economically illiterate public union sympathizers") want to pick your pocket once again. The Progressives want to hike the…

• Unsustainable Social Security Promises: Spain vs. U.S.

  Published 17 October 2013 | viewed 0 times

  I have written numerous times about pension problems in the US. Let's cross the Atlantic and take a peek at the setup in Spain, then…

• Deal to Continue the Bickering Through Feb 7; Boehner Compromised; Next election, Rand Paul and Chris Christie?

  Published 16 October 2013 | viewed 0 times

  Even though Republicans hold a majority in the House, Speaker John Boehner failed to muster enough votes for two proposals he floated. Is that a…

• Ten 'Real' Problems With the US Economy; A Behind the Scene Look at Auto Manufacturing

  Published 10 October 2013 | viewed 0 times

  Here is a fascinating look at auto manufacturing at Telsa. Reflections on "Real Problems" follow. I will tie the two seemingly unrelated ideas together. Link…

• Charts from Lacy Hunt's Presentation at Casey Research October Summit

  Published 10 October 2013 | viewed 0 times

  Last week, Dr. Lacy Hunt, Executive Vice President of Hoisington Investment Management Company, made a presentation at the Casey Research 2013 Summit. I am a…

• Bitcoin, Encryption, Drug Use, and the FBI's Own Bitcoin Wallet; What's the War on Drugs 'Really' About?

  Published 08 October 2013 | viewed 0 times

  Last week, the FBI shut down the underground website known as "Silk Road" and confiscated the bitcoin wallet of Ross Ulbricht, the site operator, on…

• Mainstream Media Finally Catches on to Disability Fraud: 60 Minutes Reports on 'Disability USA'

  Published 08 October 2013 | viewed 0 times

  At long last, mainstream media is giving play to widespread disability fraud running rampant in the US. Steve Kroft on 60 Minutes reports on the…

• Reader Question on Robots: What are People Supposed To Do For Their Livelihoods?

  Published 07 October 2013 | viewed 0 times

  In response to my post France Vows to "Save the Bookstores", Fixes Price of Books, Bans Free Shipping by Amazon, reader David writes ... Hello…

• Pragmatic Look at the Debt Ceiling Debate; Who Broke Washington?

  Published 05 October 2013 | viewed 0 times

  My best friend in high school, David Wise, wrote an interesting OpEd for the Baltimore Sun two days ago. I do not agree with all…

• Ron Paul Ruins a Great Economic Rant, Being Seriously Wrong on One Key Point

  Published 04 October 2013 | viewed 0 times

  It really pains me to see Ron Paul (or anyone else) make a masterful statement on an issue, then blow it at the end with…

• Never Has Arrived; The Last Mile

  Published 04 October 2013 | viewed 0 times

  Train drivers working for Australian miner Rio Tinto make as much as A$240K (US$224K) per year to haul ore. According to BLS data, that is…

• Social Security 'Lock Box' Revisited (And Its Relation to the Government Shutdown)

  Published 02 October 2013 | viewed 0 times

  Reader Doug is concerned about Social Security. We all should be. Doug emailed "Most Americans assume that Social Security has money in the bank, so…

• 'No Tapering, More QE, Serious Housing Slowdown' says Saxo Bank Chief Economist

  Published 25 September 2013 | viewed 0 times

  With September out of the way, most economists now expect a December tapering event. Steen Jakobsen, chief economist at Saxo Bank in Denmark is not…

• Reader Question: 'How Can One Calculate True Price Inflation?'

  Published 24 September 2013 | viewed 0 times

  Reader Mel writes ... Hello Mish I really enjoy your blog. You provide a very interesting viewpoint. One question: I have seen an analysis based…

• Is Risk-Free Banking Possible? What About Fractional Reserve Lending? 30-Year Mortgages?

  Published 22 September 2013 | viewed 0 times

  Reader "Nate" noted that Bloomberg columnist Megan McArdle stated that banning Fractional Reserve banking won't work. Nate asked "What would a future without fractional-reserve banking…

• The Morning After; Price Discovery is Zero; PUT on the Bond Market? Is Inflation Really Under 2%?

  Published 19 September 2013 | viewed 0 times

  Steen Jakobsen, Chief economist at Saxo Bank in Denmark, pinged me today with his thoughts on "the morning after" and "price discovery". In my opinion…

• Purposeful Class Warfare? Breathing Room for Rupee? Sheer Stupidity? Ridiculous Comment of the Day

  Published 19 September 2013 | viewed 0 times

  In response to Bubbles Ben to be Replaced by Calamity Janet, reader "Robert" responded via email "Try thinking of the Fed not as headed by…

• Bubbles Ben to be Replaced by Calamity Janet

  Published 18 September 2013 | viewed 0 times

  The quote of the day goes to David Stockman. In a Bloomberg video, Stockman claims (and I agree) "Bubbles Ben to be Replaced by Calamity…