Mike Shedlock

Contributor since: 26 Feb 2010

Contact Contributor

Biography

• Philly Fed Misses Expectations; Industrial Production Unchanged; Manufacturing Declines; Treasury Yields Soar Anyway

  Published 15 August 2013 | viewed 0 times

  Philly Fed Misses Expectations Bloomberg reports Manufacturing in Philadelphia Regions Expands for Third Month The Federal Reserve Bank of Philadelphia's general economic index fell to…

• Mortgage Applications Decline 13th Time in 15 Weeks; Are Mortgage Rates Cheap? What's Next Housing?

  Published 14 August 2013 | viewed 0 times

  Here are a couple of charts courtesy of Bankrate. The annotations are mine. 15-Year Fixed Rate Mortgages 30-Year Fixed Rate Mortgages Explaining the Rebound in…

• Reflections on 'Paper Reserves' of Central Banks; Gold and the Tapering Disconnect

  Published 08 August 2013 | viewed 0 times

  In Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? I posted an interesting chart by reader Tim Wallace of the stock market vs.…

• Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? US in a Minsky Bubble? About to Go Japanese? Looming Credit Crunch?

  Published 07 August 2013 | viewed 0 times

  In response to Japan Near Stagnation Following 9 Months of Growth; Service Sector Prices Back in Deflation; Spotlight on Abenomics My friend "BC" writes ...…

• Message to 5.7 Million Truck Drivers 'No Drivers Needed' Your Job is About to Vanish; Time Marches On, Fed Resistance is Futile

  Published 06 August 2013 | viewed 0 times

  Over the next two decades, machines will drive themselves and 5.7 million truck driving jobs will vanish. Many pooh-pooh that idea for insurance reasons, but…

• Bernanke Wants 2% Inflation in a Deflationary World; Who Pays the Price?

  Published 04 August 2013 | viewed 0 times

  PEW Social Trends research shows a Record 21.6 Million Young Adults Live in Their Parents' Home Here are some clips from the fascinating PEW study.…

• World's Lightest and Thinnest Circuits Pave the Way for 'Imperceptible Electronics'; Man vs. Machine Comparison

  Published 03 August 2013 | viewed 0 times

  The latest news from RoboHub shows World's lightest and thinnest circuits pave the way for 'imperceptible electronics'. Researchers from Asia and Europe have developed the…

• NSA tool collects 'Nearly Everything You Do On the Internet' ...

  Published 02 August 2013 | viewed 0 times

  ... Targeting Journalists; What Google Knows About You; Warrantless Cellphone Tracking Upheld Today I offer a quartet of news stories on the NSA, widespread targeting…

• About that 'Beat the Street' GDP Number

  Published 31 July 2013 | viewed 0 times

  GDP beat second quarter estimates of 1 percent easily. However, the BEA revised first quarter growth down from 1.7% to 1.1%. Is this a good…

• Funniest and Most Absurd Real Estate Promotion in Years

  Published 26 July 2013 | viewed 0 times

  Those attending the iProperty.com International Property Expo in Singapore, to learn about "the best property in Asia" can win a free house by attending. Guess…

• Spain Levies Consumption Tax on Sunlight

  Published 26 July 2013 | viewed 0 times

  Proving that idiocy truly has no bounds, Spain issued a "royal decree" taxing sunlight gatherers. The state threatens fines as much as 30 million euros…

• Gold Backwardation Conspiracy Nonsense

  Published 24 July 2013 | viewed 0 times

  Business Insider says "Traders Are Talking About A Gold Conspiracy Theory And There's Evidence To Back It Up" No discussion about gold is complete without…

• Fools Say 'Sell the Gold Rally'

  Published 23 July 2013 | viewed 0 times

  Lee Munson of Portfolio LLC says "Sell the gold rally". The question for investors and speculators alike is if gold has at long last marked…

• Drones are a Major U.S. Export and They Perpetuate War

  Published 20 July 2013 | viewed 0 times

  Tired of perpetual war? So am I but US drone policy ensures perpetual war is her to stay. Blatant military waste is here to stay…

• Avalanche of City Debt Downgrades and Eventual Bankruptcies Coming Up; Numerous Cities Bankrupt Over Pension Promises

  Published 19 July 2013 | viewed 0 times

  Yesterday Moody's downgrades Chicago's credit rating, pension debt to blame. Chicago's credit score is on the way down. The city is getting a small down…

• Detroit Files Chapter 9 Bankruptcy; Oakland, LA, Others on Deck; Pension Promises vs. Bondholders in Spotlight; The Bright Side

  Published 18 July 2013 | viewed 0 times

  In an inevitable, anticlimactic decision today, Detroit files for bankruptcy. Detroit became the largest US city to ever file for bankruptcy on Thursday, seeking protection…

• Germany Election 'Far From Over', Merkel Coalition in Trouble as Spotlight Shines on Snowden's Revelations

  Published 16 July 2013 | viewed 0 times

  A couple days ago Bloomberg reported Polls Indicate Merkel's Coalition Is Likely to Win Election. CDU/CSU will get 40 percent of votes, coalition partner FDP…

• Big Miss in Retail Sales vs. Expectations; Trend Change or Another 'Soft Patch'?

  Published 15 July 2013 | viewed 0 times

  Retail sales were up 0.4% in June compared to Bloomberg estimates of +0.8%. May retail sales were revised lower, to +0.5% from an originally reported…

• Gold Jumps Nearly $50 as Market Digests Non-News From Fed; Gold Correction Over?

  Published 11 July 2013 | viewed 0 times

  Inquiring minds note the interesting action in gold today following the non-news from the FOMC minutes from June 18 that the Bernanke Fed is not…

• Potential Mistakes and the Case for Doing Nothing

  Published 09 July 2013 | viewed 0 times

  In Potential Mistakes (Wonkish), Paul Krugman wrote "It is important to have an idea of how much the economy could and should be producing, and…