Mike Shedlock

Contributor since: 26 Feb 2010

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• Fed Bizarro World; One-Sided Risk Assessment; The $64 Trillion Question

  Published 18 September 2013 | viewed 0 times

  The reaction to the FOMC no tapering news was a simple one "Party on dudes, in anything and everything, and in a big way." For…

• Closer Scrutiny of Participation Rates by Sex and Age

  Published 18 September 2013 | viewed 0 times

  Mainstream media and bloggers have noted the declining participation rate. Few provide much detail. Those who did provide detail, primarily looked at broad categories such…

• India Housing Bubble Bursts; Panic Coming Next

  Published 13 September 2013 | viewed 0 times

  On August 1, in India Housing Bubble Still Expanding I posted a series of charts by Deepak Shenoy, an economic blogger at Capital Mind in…

• Near-Record 20% of Americans Struggle to Afford Food and Basic Necessities; Who's to Blame?

  Published 12 September 2013 | viewed 0 times

  The latest Gallup survey shows Near-Record Number of Americans Struggle to Afford Food. More Americans are struggling to afford food -- nearly as many as…

• AFL-CIO Lays Out 'Laundry List' of Formal Complaints Regarding Obamacare; The Bright Side of Obamacare

  Published 12 September 2013 | viewed 0 times

  On February 19, I wrote Opting Out of Obamacare (the Unaffordable Health Care Act); Not Even Labor Unions Want It. The issue has now come…

• States Have an Incentive to Promote (Not Stop) Disability Fraud; So How Much Fraud Is There?

  Published 11 September 2013 | viewed 0 times

  In response to Just How Distorted is the U.S. Unemployment Rate Number?, reader Bjorn asked "care to take a guess on the percentage of fraud…

• Just How Distorted is the U.S. Unemployment Rate Number?

  Published 09 September 2013 | viewed 0 times

  On the first Friday of every month, I go through the jobs report and note the grossly distorted statistics. For example, please see BLS in…

• Exploring the Impossible: India Seeks to Expand Trade in Rupees; India Stock Market Sinks; Rupee Decline Continues

  Published 03 September 2013 | viewed 0 times

  The desperate act of the day comes from Foreign Minister Salman Khurshid who says India Looking to Expand Rupee-Payment System. India is exploring possibilities of…

• Delong-in-Wonderland

  Published 02 September 2013 | viewed 0 times

  Preposterous economic proposals from economists living in academic wonderland are the norm. For example: Please consider the following statements by Brad DeLong, a professor of…

• Terrorists Won the War on Terror; 74% of Pakistanis View US as Enemy, 60% Have No Confidence in Obama

  Published 01 September 2013 | viewed 0 times

  Eric Tillberg, writer on Policy Mic says The War On Terror is Over, and the Terrorists Won. After the first two shots of the War…

• Wal-Mart is Not Costco; So Why Should it Pay Like Costco?

  Published 29 August 2013 | viewed 0 times

  President Obama, the unions, and Democrats in general are attempting to force Wal-Mart to raise its minimum wage. In Seattle, there is an absurd push…

• China Warns US About Cutting Tapering Too Soon, Proposes BRIC Foreign Currency Fund

  Published 27 August 2013 | viewed 0 times

  The focus for the entirely useless upcoming G20 meeting is fear over US tapering, capital flight, and liquidity. Reuters reports Ahead of G20, China urges…

• Reflections on 'A Moral Obscenity': How Long Ago Was a War Against Syria Decided?

  Published 27 August 2013 | viewed 0 times

  Secretary of State John Kerry says the use of chemical weapons in Syria is "a moral obscenity." With that clue (and many others), note that…

• Income Inequality Explained: Why Wages Don't, Won't, and Can't Keep Up With Productivity

  Published 26 August 2013 | viewed 0 times

  By now, everyone is well aware that real wages have not kept up worker productivity. But why is that? The Fed, government bureaucrats, and economists…

• New Home Sales Plunge 13.4% in July, June Revised Lower; Blame Rising Mortgage Rates; Starts 896,000 - Sales 394,000 - Hmmm

  Published 23 August 2013 | viewed 0 times

  On August 14 I penned Mortgage Applications Decline 13th Time in 15 Weeks; Are Mortgage Rates Cheap? What's Next For Housing?. Pertinent Snips 30-Year Fixed…

• Bond Market Misconceptions, Facts, and Fallacies; Bond Market About to Collapse?

  Published 23 August 2013 | viewed 0 times

  The number of truths, half-truths, and blatantly false perceptions regarding US treasuries all strewn together is quite typical in mainstream media analysis, and also non-mainstream…

• Gallup Unemployment Rate Spikes from 7.9% on Aug 1 to 8.9% on August 20! Sampling Error or Seasonal Effect?

  Published 22 August 2013 | viewed 0 times

  Inquiring minds note the steady rise all month in Gallup's Daily Employment Survey. 7.9% August 1-2 8.0% August 3-6 8.1% August 8-8 8.2% August 9-11…

• Mish Video: Troubled Currencies (And There are Lots of Them), Gold, Bernanke, Carry Trades, Bubbles

  Published 21 August 2013 | viewed 0 times

  I was on Prime Interest (formerly Capital Account) with Bob English on Tuesday, August 20. We discussed troubled currencies, the Indian Rupee, the Australian dollar,…

• Fed Chairman Update: Odds Shift Heavily Towards Tweedle-Dum vs. Tweedle-Dee

  Published 20 August 2013 | viewed 0 times

  In Tweedle Dum vs. Tweedle Dee; Does Janet Yellen Have What It Takes? I made the case it did not matter much whether Larry Summers…

• China Releases 'Willfully Fraudulent' Inflation and GDP Data

  Published 16 August 2013 | viewed 0 times

  It's easy to make a case that GDP data everywhere is fraudulent because of the definition which includes government deficit spending, regardless of how ridiculous…