Mike Shedlock

Contributor since: 26 Feb 2010

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• Reflections on the 'Wage Recession'

  Published 01 March 2013 | viewed 0 times

  Jed Graham at Investor's Business Daily has an interesting chart showing Wage Recession Hits 5 Years; Worse Than Jobs Drought. I can show it's even…

• The Blame Game

  Published 01 March 2013 | viewed 0 times

  Finger-pointing and fear-mongering over trivial budget non-cuts are now in full swing. Obama is blaming House speaker John Boehner and of course Boehner is blaming…

• Nobody Can't See Nothin'

  Published 27 February 2013 | viewed 0 times

  As expected (in this corner but certainly not from economic cheerleaders masquerading as economists), eurozone retail sales are plunging across the board, even in Germany.…

• Less Than Useless: Goldman Sachs Lowers Gold Forecast Following Plunge (Purposely Late?); Downside Risks

  Published 26 February 2013 | viewed 0 times

  In the less than useless category, Goldman Sachs lowered its gold price targets by over $200 an ounce following the recent plunge. Goldman now says…

• 'Great Rebalancing' Book Review: Two Thumbs Up; Investment Ideas for Unconventional Times

  Published 25 February 2013 | viewed 0 times

  With much pleasure, I highly recommend Michael Pettis' newest book "The Great Rebalancing". Pettis' book covers global trade issues with a focus on current events…

• Millennials, the Stressed (Screwed by Obama, the Unions, the Fed) Generation

  Published 22 February 2013 | viewed 0 times

  Those looking for a reason for sluggish housing, weak retail sales, and low family formations rates, need only look at the plight of millennials (those…

• Gasoline Prices Rise 34 Straight Days: Are Speculators to Blame? If Not, Who Is?

  Published 22 February 2013 | viewed 0 times

  Given a two-day plunge in crude futures, gasoline prices may have hit a temporary peak. Nonetheless, consumers feel the pinch as pump prices have risen…

• House Subcommittee on Economic Growth Demands Answers From Bernanke on Fed's Exit Strategy; Fed Must Reply by March 5

  Published 21 February 2013 | viewed 0 times

  In a long overdue, yet surprising move, Jim Jordan, chairman of the House Subcommittee on Economic Growth demands answers on Bernanke's exit strategy. Rep. Jim…

• Incredible Letter from CEO of Titan to France Minister of Industrial Renewal, Blasting French Unions and USA: 'How Stupid Do You Think We Are?'

  Published 19 February 2013 | viewed 0 times

  I like it when people speak their minds. I like it even more when they are correct and they blast government officials at the highest…

• Spanish Debt Grows by Euro146 Billion, Largest Ever Recorded; Debt-to-GDP Highest Since 1910

  Published 18 February 2013 | viewed 0 times

  Proof there is no rebalancing in Europe is easy to find. For example, El Pais reports Spanish Debt Grows by €146 Billion. What follows is…

• 2012 Export Growth by Country; China and US at Top of List; World Trade Slowdown; Rebalancing at Glacial Pace

  Published 15 February 2013 | viewed 0 times

  Inquiring minds are looking at charts from the New York Times that show U.S. Trade in 2012 Outpaced Many Other Countries. In 2012, United States…

• Top 1% Received 121% of Income Gains During the Recovery, Bottom 99% Lose .4%; How, Why, Solutions

  Published 15 February 2013 | viewed 0 times

  I have spoken many times about "income skew" during the recovery. However, I was never able to precisely quantify the "skew". It's now possible, thanks…

• Eurozone Economy Contracts .6% in 4th Quarter; France Down .3%, Germany Down .6%, Italy Down .9%...

  Published 14 February 2013 | viewed 0 times

  ... Expect ECB Jawboning on the "Strong Euro" As expected in this quarter (but not by economists) eurozone economies contracted at the sharpest rates in…

• Krugman's Explicit Endorsement 'Time to Kick the Can' Shows True Colors He Denies in 'Despicable Me'

  Published 11 February 2013 | viewed 0 times

  Angry Bear's column How To Debate Paul Krugman in response to my January 26 column How to Debate Paul Krugman: "Ask Questions Like a Child"…

• German Trade Surplus Hits Five-Year High; Rebalancing the Wrong Way

  Published 09 February 2013 | viewed 0 times

  Looking for evidence of rebalancing in Europe? Don't look here: German 2012 trade surplus soars despite weak December reports Germany's trade surplus was the second…

• Oil Consumption Analysis: Jobs, Robots, Manufacturing, Gas Mileage Improvement; What's the Explanation for Declining Oil Consumption?

  Published 08 February 2013 | viewed 0 times

  I have posted many charts by reader Tim Wallace that highlight declining oil consumption in the US. James Beck, Lead Analyst, Weekly Petroleum Supply Team…

• Illusions of Stabilization

  Published 07 February 2013 | viewed 0 times

  In Germany Rebounds but ... I noted a recovery "of sorts" in Germany, a contraction in France at the steepest rate in four years, and…

• Currency Wars Heat Up: Hollande Proposes target for Euro...

  Published 06 February 2013 | viewed 0 times

  ...US Carmakers Want Obama to Punish Japan; Warnings From China, Russia; Sheer Madness With the Yen sinking to new lows nearly every day, and with…

• Spoiled Brat Syndrome

  Published 05 February 2013 | viewed 0 times

  Here we are once again. In spite of $trillion deficits as far as the eye can see, neither Obama nor the Democrats want to do…

• Extreme Sentiment: Barron's Cover 'Get Ready for Record Dow - We Told You So; Top Call

  Published 03 February 2013 | viewed 0 times

  Looking for extreme sentiment? Look no further than the cover of Barron's magazine. The cover speaks for itself, but check out some of the commentary…