Mike Shedlock

Contributor since: 26 Feb 2010

Contact Contributor

Biography

• Multi-Family Housing Starts Jump 57%, Single-Family Starts Decline 4%: What's Going On?

  Published 19 January 2017 | viewed 0 times

  For the fourth consecutive month, housing stats provided a wild ride. For December, starts rose 11.3%, but that was thanks to a 57% jump in…

• Clear, Concise Brexit Idea From Theresa May: 'No Deal Better Than Bad Deal'

  Published 18 January 2017 | viewed 0 times

  The British pound surged nearly 3% today after UK Prime minister Theresa May added clarity to the Brexit decision. "No deal for Britain is better…

• Fake News Police Arrive in Germany

  Published 16 January 2017 | viewed 0 times

  On behalf of Merkel-sponsored Russophobia, including threats of fines, Facebook rolls out fake-news filtering service to Germany. Germany is to become the first country outside…

• Treasury Bears Beware: Explosive Short-Covering Rally Coming Up

  Published 15 January 2017 | viewed 0 times

  Zerohedge has an interesting post out today called Treasury Specs Are So Short, It Is Now A 4 Sigma Event. Let's take a look at…

• Secular Stagnation Theory: Challenge to DeLong, Summers, Bernanke, Krugman, Keen, Pettis

  Published 12 January 2017 | viewed 0 times

  Some interesting charts came my way today regarding the income inequality debate. Let's start with some charts, then explore the meme of the day that…

• Financial Times Editorial Seeks Restrictions On Free Speech to Stop False News 'Propaganda War'

  Published 12 January 2017 | viewed 0 times

  A pair of articles by the Financial Times offers quite the take on disinformation hypocrisy. I suggest the Financial Times look into the mirror if…

• Steen Jakobsen on 'The Nixon Doctrine', Trump, Equities, Gold

  Published 11 January 2017 | viewed 0 times

  Three Major Events Steen Jakobsen, CIO and Chief Economist for Saxo Bank pinged me regarding "The Nixon Doctrine", Trump, Equities, Gold, and major events in…

• Explaining Dysfunctional Illinois in One Word, One Idea, One Person

  Published 09 January 2017 | viewed 0 times

  One Word: Corruption One Idea: Public Unions One Person: House Speaker Mike Madigan On Saturday, union servitude came to an end in Kentucky: State Kills…

• Factory Orders Plunge 2.4% Taking Away Most of Last Month's Rise

  Published 06 January 2017 | viewed 0 times

  The Commerce Department full report on Manufacturers' Shipments, Inventories and Orders shows new orders plunged 2.4% in November after rising 2.8% in October. Shipments, which…

• Mexico Hikes Gas 20 Percent: Mass Protests Ensue, One Dead, 600 Arrested, in Widespread Looting

  Published 05 January 2017 | viewed 0 times

  Last weekend the Mexican government hiked gasoline prices 20%. Today, all hell broke loose. In response to gas hikes, looting began: 1 Dead, 600 Arrested…

• Let's Play FOMC Bingo: Minutes Show 15 Instances of Uncertainty

  Published 04 January 2017 | viewed 0 times

  The Fed released Minutes of the December 13-14, 2016 FOMC Meeting today. Let's dive into the minutes to dissect the amount of Fed uncertainty. Market-based…

• Six Reasons Construction Boom Won't Last

  Published 04 January 2017 | viewed 0 times

  The Census Bureau reports November Construction Spending rose 0.9% from October. That's a 10-year high, but it's highly unlikely to last. U.S. construction spending rose…

• Superhero Snowden Trashed In Absurd WSJ Op-Ed

  Published 02 January 2017 | viewed 0 times

  Edward Jay Epstein has an op-ed in the Wall Street journal promoting his new book "How America Lost Its Secrets: Edward Snowden, the Man and…

• Good News in Battle Against Public Union Greed and Corruption

  Published 28 December 2016 | viewed 0 times

  The election of Donald Trump is likely to do at least one good thing for the country (and that's at least one more good thing…

• Dispirited Buyers: Pending Home Sales Unexpectedly Dive 2.5 Percent

  Published 28 December 2016 | viewed 0 times

  The Pending Home Sales Index declined 2.5% in November. Economists, who are generally surprised by everything, were caught off guard once again. Despite the fact…

• 'Positive Ripple' Asininity Courtesy of Financial Times

  Published 24 December 2016 | viewed 0 times

  Economically illiterate Financial Times writer Gillian Tett is singing the praises of inflation. There's nothing special about being an economic illiterate. It's the norm. What's…

• GM Inventories Highest in 8 Years, Multiple Plant Shutdowns Coming

  Published 20 December 2016 | viewed 0 times

  GM car inventories are as high as they have been since November 2008. Ideal inventory levels are 60 days but 8 models have over 110…

• A Keynesian Challenge: Prove Deflation is Bad For ME!

  Published 19 December 2016 | viewed 0 times

  'Mish' Shedlock and Gordon T Long discuss a number of outstanding issues in 2016 that will become Themes in 2017. Economic Challenge to Keynesian's Mish…

• Two Options: Reform the Economic System Now or the Populists Will

  Published 18 December 2016 | viewed 0 times

  Financial Times writer Wolfgang Münchau says Reform the Economic System Now or the Populists Will Do It. "It is one thing to say, as some…

• Housing Starts Dive 18.7 Percent: Mortgage Rates Soar

  Published 16 December 2016 | viewed 0 times

  The often volatile housing starts numbers took another dive this report, down 18.7% in November according to the Census Bureau New Residential Construction report for…