Mike Shedlock

Contributor since: 26 Feb 2010

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• Yes Virginia, U.S. Back in Deflation; Inflation Scare Ends; Hyperinflationists Wrong Twice Over

  Published 12 August 2011 | viewed 0 times

  Hyperinflationits have now blown it twice. First, they insisted hyperinflation would happen before deflation. They were wrong. Then, during the QE2 inspired equities and commodities…

• Return of the Bear; De-mystifying Interest Rate Policy; Do Central Bankers Lead or Follow the Market?

  Published 10 August 2011 | viewed 0 times

  The bear market is back says Australian economist Steve Keen. I agree. Moreover, the recent action, including the rally, offers sufficient evidence. The biggest percentage…

• Trichet's Secret 'Dragon Transfer' Letter to Italy PM...

  Published 09 August 2011 | viewed 0 times

  ...Watch France CDS Rates as France is "New Italy"; Trichet Illegally Usurps Judge-and-Jury Power Last week, ECB president Jean-Claude Trichet sent a secret letter to…

• Butt Ugly Close; Futures Selloff Continues After Equity Close

  Published 08 August 2011 | viewed 0 times

  Mercy! What a close! However, being the ever-optimist, I prefer to look at the bright side of things. Get your party hats ready. Another DOW…

• Email From 'An Irate German' Over the Transfer Union; German Bank Exposure by Country...

  Published 08 August 2011 | viewed 0 times

  Harvard Economist Seeks 'Transfer Union' and US Inflation An "Irate German" sent an Email this morning about the European Nanny State and more specifically about…

• Do These Idiots Realize How Stupid They Sound?

  Published 08 August 2011 | viewed 0 times

  Just how idiotic is it to seek to prevent what has already occurred? I suggest that is blatantly idiotic. Here is a case in point.…

• France AAA Rating on the Line; SP Says 1 in 3 Chance of Further US Downgrades; Contagion in Downgrades? Currency Crisis Escalates; Euro Endgame

  Published 07 August 2011 | viewed 0 times

  With the US AAA rating gone, how long can France hold its AAA rating? I suspect not long. So where will that leave the ECB…

• Mass Layoffs Rise...

  Published 05 August 2011 | viewed 0 times

  ...One Million Robots to Replace Workers; Looking Ahead: Dismal Job Situation No Matter What Job Report Shows A good jobs report on Friday (if we…

• Another Major Feud Between the German Central Bank and the ECB Over Resumption of Bond Purchases...

  Published 04 August 2011 | viewed 0 times

  ...Will Germany Leave the Euro? ECB Resumes Bond Buys; Open Feud Between German Central Bank and the ECB; Implications of "Trichet Out, Draghi In" Yet…

• Bailout of Italy on Tap...

  Published 03 August 2011 | viewed 0 times

  ...ECB to Become Buyer of "Only" Resort; Expect Failure of Thursday's Italian Bond Auction; Who Will Bail Out the ECB? A critical Italian government bond…

• ISM says 'Business Conditions Flattening Out'; Why Services Number Worse Than It Looks; Unsustainable Conditions

  Published 03 August 2011 | viewed 0 times

  In the July 2011 Non-Manufacturing ISM Report On Business®, the ISM offered this interesting thought: Respondents' comments remain mixed; however, for the most part they…

• Italy Calls 'Financial Stability Meeting'...

  Published 03 August 2011 | viewed 0 times

  ... Spain PM Delays Vacation to "Closely Watch Economic Indicators"; EU says "No Rescue Plans for Italy, Spain" Earlier today, in Spain, Italy, Belgium Bond…

• Bill Gross says 'Fed Approaching Dead End Unsolvable Dilemma'; Feldstein sees 50% Chance of Recession; Three Cardinal Rules of Stimulus

  Published 03 August 2011 | viewed 0 times

  Is the US economy at a tipping point or has it already tipped over? The best one can possibly say is the economy is at…

• Gap-and-Crap it Was; ISM Plunges to 50.9, Lowest Level in 2 Years, New Orders Contract; Key Thoughts; Reaction in Gold

  Published 01 August 2011 | viewed 0 times

  Last evening with futures surging on reports of a fluff debt ceiling agreement, I said "After spending a day in the garden weeding and transplanting…

• Boehner's Credibility Gone in Revised Proposal; Boehner Tells Congress to 'Get Your Ass in Line'; Best Deal Republicans Can Get?

  Published 28 July 2011 | viewed 0 times

  It was bad enough when Boehner proposed a $3 Trillion deficit cutting proposal that the CBO said would only cut the deficit by a mere…

• Fiat Money Produces Endless Sea of Wars, Debt ...

  Published 25 July 2011 | viewed 0 times

  ...Social Inequality, Economic Bubbles, Rampant Consumerism, Environmental Rape; Why Gold is the Answer My friend Dominic Frisby put together an interesting video on the rationale…

• Boehner Walks Out On Obama; 'Grand Bargain' Collapses ...

  Published 22 July 2011 | viewed 0 times

  ... Pared Down Approach Coming; Republicans Blew Opportunity for Game-Changing Legislation So much for the Bloomberg assertion earlier today that Obama Aligns with Boehner seeking…

• Sad State of Employment - Employees Covered by Unemployment Insurance Still Below 2001 Recession Low

  Published 20 July 2011 | viewed 0 times

  How the BLS Determines Employment Revisited Here are some interesting charts from reader Tim Wallace regarding "covered employees", those employees that have unemployment insurance. Covered…

• 30-Year Extend-and-Pretend Plan for Greece, Ireland, Proposed Amid Total Confusion; Plane Crash Looking More Likely

  Published 18 July 2011 | viewed 0 times

  Confusion reins supreme ahead of Thursday's EU summit that German Chancellor Angela Merkel thinks is "urgently necessary." However, Merkel will only attend if there is…

• Ireland Deputy Prime Minister Requests "Nanny State" Common Bond Solution to Solve Crisis...

  Published 17 July 2011 | viewed 0 times

  ... ECB Policymaker Weidmann, Opposes Common Bond Solution The battle lines are forming for and against "nanny state" common bond solutions that would have German…