Mike Shedlock

Contributor since: 26 Feb 2010

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• Crowd of Fools Cheers Obama; Tweet Irony

  Published 02 January 2013 | viewed 0 times

  Caroline Baum, one of my favorite Bloomberg columnists has an interesting article today that's worth a read. Please consider Wanted: Middle-Class Tweeters for White House…

• China Manufacturing PMI Shows Modest Growth; Don't Expect Bounce to Last

  Published 31 December 2012 | viewed 0 times

  The HSBC China Manufacturing PMI™ shows modest growth this month. The index is at 51.5 with growth above 50. After adjusting for seasonal factors, the…

• France Economic Implosion Underway; French Retail Sales Contract 9th Consecutive Month as Cost Inflation Surges

  Published 28 December 2012 | viewed 0 times

  Inquiring minds are noting the expected (at least in this corner) collapse in European retail sales as measured by PMI indices. The spotlight for this…

• Social Trap in Spain: Mortgage Nightmare; Why Spain (or Germany) is Guaranteed to Leave Euro

  Published 27 December 2012 | viewed 0 times

  Looking for a synopsis of the problems facing Spain? A summary of bullet points I gathered from the Spiegel article Evictions Become Focus of Spanish…

• Mad, Mad World; Japan Prime Minister Unveils 'Crisis Beating' Cabinet With Pledge to Increase Spending; Yen Sinks to Two-Year Low

  Published 26 December 2012 | viewed 0 times

  The Keynesian and Monetarist clowns in Japan are going all out in Japan with pledges to ignore debt caps and implement "bold monetary policy". Please…

• Kyle Bass on the End of the Debt Supercycle and a Coming Massive Devaluation of the Yen ...

  Published 19 December 2012 | viewed 0 times

  ... Most Difficult Time to Invest; The Belief Bubble Late last month, Kyle Bass, managing partner of Hayman Capital, shared his thoughts in a video…

• Normalized Unemployment Rates; Cyclical vs. Secular Forces

  Published 18 December 2012 | viewed 0 times

  Many have heard of normalized P/E ratios based on 10-year earnings averages and the concept of reversion to the mean. To the best of my…

• Gloves Come Off in Google vs. Germany; Expect Newspapers to Lose by Winning; Buggy-Whips vs. Autos

  Published 17 December 2012 | viewed 0 times

  European newspapers, especially those in Germany, France, and Italy are upset that Google does not share ad revenue with them for headlines that come up…

• Readers Share Their Student Debt Reasons and Experiences

  Published 17 December 2012 | viewed 0 times

  In my post Trends in College Tuition vs. Bachelor's Degree Wages; Interesting Demographics of Student Loan Debt History I noted skyrocketing student loan debt, especially…

• Dallas Fed Richard Fisher: Fed Risks 'Hotel California' Monetary Policy

  Published 14 December 2012 | viewed 0 times

  At least one Fed governor understands the Bernanke Fed's hyper-accommodative monetary policy has no exit. Today on CNBC "Squawk Box", Dallas Fed governor Richard Fisher…

• HSBC Flash China Manufacturing PMI Improves in December; Has China Turned the Corner?

  Published 14 December 2012 | viewed 0 times

  The HSBC Flash China Manufacturing PMI™ report shows Operating conditions continue to improve in December. Key points Flash China Manufacturing PMI™ at 50.9 (50.5 in…

• Questions of the Day: What if the BLS is Wrong About Projected Labor Force and Participation Rate? How Would it Affect the Unemployment Rate?

  Published 12 December 2012 | viewed 0 times

  On Monday, my "question of the day" was What will the unemployment rate look like for the rest of the decade? Click on the above…

• Incredibly Easy to Balance Budget Without Repealing Obamacare and Without Fiscal Cliff Tax Hikes

  Published 11 December 2012 | viewed 0 times

  The Wall Street Journal has a nice interactive map that lets you Make Your Own Deficit-Reduction Plan. I balanced the budget easily without doing things…

• Question of the Day: What Will the Unemployment Rate Look Like for the Rest of the Decade?

  Published 10 December 2012 | viewed 0 times

  Assuming the BLS projections for the labor force until 2020 are correct, what will the unemployment rate look like for the rest of the decade?…

• Michigan Passes Right-to-Work Legislation; Email from Canadian Teacher Threatened With $500 Fines Per Day for Not Picketing...

  Published 08 December 2012 | viewed 0 times

  ... Collective Bargaining vs. Company Store Right-to-Work provisions are at long last coming to Michigan. Reuters reports 'right-to-work' law exempts existing union contracts Right-to-Work could…

• Startling Look at Job Demographics by Age

  Published 07 December 2012 | viewed 0 times

  ZeroHedge had an interesting set of charts of BLS data in his post Number Of Workers Aged 25-54 Back To April 1997 Levels. I picked…

• Small Business Owners' Hiring Intent Plunges to 2008 Lows; Don't Blame Sandy or Fiscal Cliff

  Published 07 December 2012 | viewed 0 times

  A Gallup random dial poll of 607 small businesses conducted November 12-16 2012 asked the question "Over the next 12 months, do you expect the…

• More Nannycrat Insanity: EU Wants to Ban Youth Unemployment

  Published 03 December 2012 | viewed 0 times

  Youth unemployment is shockingly high in Greece, Spain, and Italy as shown by Europe's Most Tragic Graph by The Atlantic. Chart Courtesy: The Atlantic Young…

• Indebted Dragon: The Ponzi Scheme Driving China's Construction Economy

  Published 29 November 2012 | viewed 0 times

  In Indebted Dragon, Professor Lynette Ong from the University of Toronto discusses how the Chinese economy relies on land as collateral to borrow money while…

• Student-Loan Delinquencies Surpass Credit Cards, 37.5% of Graduates Work in Jobs Requiring No Degree; Who is to Blame? What About Solutions?

  Published 28 November 2012 | viewed 0 times

  As costs of college soars (with thanks to absurd union salaries and benefits, as well as absurd administrator salaries and benefits), those attending college have…