Mike Shedlock

Contributor since: 26 Feb 2010

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• Former Portuguese Prime Minister Says 'Portugal Cannot Pay Its Debts', Calls for 'Argentine-Style Default'

  Published 13 April 2013 | viewed 0 times

  It's rare to hear any bit of common sense from political leaders, but today I have a sterling example. Mário Soares, Prime Minister of Portugal…

• Liar, Liar, Pants on Fire; Spoon-Fed Demands by the Number

  Published 12 April 2013 | viewed 0 times

  On Wednesday I reported Fools in Cyprus to Sell Gold, Hike Corporate Taxes to Finance Small Part of Bailout. That rumor was quickly (but unbelievably)…

• Eurozone Math; One Size Fits Germany; Door Number Two

  Published 11 April 2013 | viewed 0 times

  Reader "JB" thinks I am blaming Germany for what is happening. That's not exactly correct, but let's take a look at what "JB" has to…

• 'Corporate Profits in Bubble Ready to Burst' John Hussman; PDF Synopsis of Hussman's Presentation at Wine Country Conference

  Published 09 April 2013 | viewed 0 times

  Yahoo! Finance presents another video interview from the Wine Country Conference. This one is an interview of John Hussman by Lauren Lyster: U.S. Stock Market…

• Time to Wave the White Flag on the 'War on Poverty'

  Published 30 March 2013 | viewed 0 times

  In response to Unwilling to Work; 25% in Hale County AL Collect Disability, 14 Million Nationwide; A Simple Solution I received some interesting emails from…

• Youth Unemployment Rates: US, Germany, Italy, Spain, France, Greece; Where to From Here?

  Published 28 March 2013 | viewed 0 times

  Here are some unemployment charts I put together via Ycharts. Youth Unemployment Rates US vs. Europe Spain and Greece have youth unemployment over 50%. Germany,…

• The Axe is in Position, Only the Timing of the Swing is in Question

  Published 26 March 2013 | viewed 0 times

  It has been amusing listening to the hypocrisy from Brussels regarding the leverage in Cyprus. Jeroen Dijsselbloem, president of the eurogroup led the charge that…

• Get While the Gettin' is Good

  Published 22 March 2013 | viewed 0 times

  The understatement of the day comes from Fed chairman Ben Bernanke who essentially says: I'm Dispensable. "I don't think that I'm the only person in…

• Le Monde Headline 'No, France is Not Bankrupt'

  Published 21 March 2013 | viewed 0 times

  This amusing headline story by Bruno Moschetto, a professor of economics at the University of Paris in the French newspaper Le Monde has me laughing…

• Fraudulent Guarantees; Fictional Reserve Lending; Comparison of US to Cyprus; What About New Zealand?

  Published 20 March 2013 | viewed 0 times

  Reader "MB" who lives in New Zealand is concerned about confiscation of deposits. He writes ... Hi Mish Apparently articles are appearing in a NZ…

• From Smoldering Ashes Comes Good News of Reality

  Published 19 March 2013 | viewed 0 times

  It's easy enough to focus on the smoldering ashes of the politically and economically insane move in Cyprus by the heavy-handed bureaucrats in Brussels and…

• Put a German Flag in Cyprus; Poker or Chicken? Cyprus Archbishop Says 'Leave the Eurozone and Readopt the Cyprus Pound'

  Published 18 March 2013 | viewed 0 times

  EU officials are now swarming over Cyprus threatening to cut off funds to Laiki, Cyprus' second largest bank if the deal does not go through.…

• Contagion-Begging Actions; Expect Bank Runs Following Cyprus Idiocy; Have Money in a Spanish Bank? Take It Out Now!

  Published 16 March 2013 | viewed 0 times

  In Cyprus, a decision was made to screw savers with a 6.75% to 9.9% "Tax" on deposits. Supposedly this move was made to "avoid unsettling…

• Can We Fix What's Wrong With Banking?

  Published 15 March 2013 | viewed 0 times

  I was asked a few days ago by Zócalo Public Square, a not-for-profit daily Ideas Exchange, to contribute a brief comment to coincide with their…

• Inflation Targeting Revisited; Three Major Fed-Sponsored Bubbles; Who Benefits From Inflation?

  Published 13 March 2013 | viewed 0 times

  A post on deflation in Sweden (which its central bank does not want) got me to thinking about inflation targeting once again. Sweden's central bank,…

• Spoiling the 'Great Employment News'

  Published 08 March 2013 | viewed 0 times

  This article originally appeared on MarketWatch under the title Jobs numbers are far worse than they look. I selected my title from a humorous comment…

• In Praise of Theft and Fraud (But Not Deceit)

  Published 07 March 2013 | viewed 0 times

  Some people are in favor of theft and fraud as long as it's not deceitful. Financial Times columnist Martin Wolf is one of those people.…

• Rare Senate Indictment of the War on Terrorism; Rand Paul's Courageous Effort

  Published 06 March 2013 | viewed 0 times

  To what extent should US citizens loses their constitutional right in the "war on terror". Can US citizens be apprehended without charges? Killed by drones?…

• The Fatter the Cat, the Louder the Howl

  Published 04 March 2013 | viewed 0 times

  Bloomberg reports Swiss Voters Approve Limits on 'Fat Cat' Executive Pay Swiss voters approved some of the world's toughest limits on executives' pay in a…

• Michael Pettis on Misguided European Optimism

  Published 04 March 2013 | viewed 0 times

  Via Email, Michael Pettis author of "The Great Rebalancing" (see "Great Rebalancing" Book Review: Two Thumbs Up) dispels the myth that Spain and peripheral Europe…