Mike Shedlock

Contributor since: 26 Feb 2010

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• Oh No! Deflation Worsens in Switzerland

  Published 13 December 2016 | viewed 0 times

  Economists and economic writers bemoan deflation. Meanwhile, consumers love it. Who doesn't like better prices? One side is wrong. Here's a hint: It's not the…

• Global Trade War Baked in the Cake: Boeing Faces China's Wrath

  Published 13 December 2016 | viewed 0 times

  I have been warning about the increasing likelihood of a serious global trade war for quite some time. That warning is now my baseline scenario.…

• Dow 20,000: Another Magazine Curse? Amusing Cover Flashbacks From Economist, Newsweek, Others

  Published 11 December 2016 | viewed 0 times

  Barron's is going wild over the Dow. The magazine says Get Ready for Dow 20,000. Why not 80,000? The Dow is up 13% so far…

• Trade Deficit Widens, Exports Decline 1.8%, Imports Rise 1.3%: Two Piece Puzzle

  Published 06 December 2016 | viewed 0 times

  The Census Bureau report on International Trade shows a widening trade deficit. Exports decline 1.8%. Imports rise 1.3%. The U.S. Census Bureau and the U.S.…

• Euro Reversal: Major Top for US Dollar? What's Going On?

  Published 05 December 2016 | viewed 0 times

  In response to the Italian Referendum which caused prime minister Matteo Renzi to resign, the Euro/USD took a dive from 1.0672 to as low as…

• GDPNow Sunk to 2.4% Yesterday, Up to 2.9% Today, Was 3.6% on November 23

  Published 01 December 2016 | viewed 0 times

  The Atlanta Fed GDPNow Forecast for fourth quarter GDP stands at 2.9% following today's economic reports. The November 23 high of 3.6% collapsed all the…

• Pending Home Sales Index Dives to 0.1%: What's Coming Up?

  Published 30 November 2016 | viewed 0 times

  The reset of the year for housing looks suspect at best. The pending home sales index is a barely positive 0.1 percent. Bloomberg Econoday sees…

• Decade of Negative Real Interest Rates: Who Benefited?

  Published 30 November 2016 | viewed 0 times

  Rudy Havenstein Tweeted an interesting chart earlier today on real negative interest rates. I recreated the chart below and also share a chart from Doug…

• Brexit Stacked Deck? Which Way? Don't Negotiate, Just Leave!

  Published 29 November 2016 | viewed 0 times

  Yesterday, ECB president Mario Draghi warned Brexit will be tougher for UK than for eurozone. Also yesterday, Irish Prime Minister Enda Kenny warned Brexit 'impossible'…

• Automobile Sales Falling, Inventories Up 7.8%, Interest Rates Rising: What Can Possibly go Wrong?

  Published 25 November 2016 | viewed 0 times

  The census bureau Advance International Trade reports shows the wholesale and retail exports each declined 0.4% from September to October. Wholesale inventories are down 0.5%…

• Durable Goods Order Jump 4.8% Led by Aircraft Up an Amazing 94%

  Published 23 November 2016 | viewed 0 times

  Durable goods orders as reported by the Census Bureau were a scorcher today, but figures were heavily skewed by nondefense aircraft orders up over 94%.…

• End of Euro in Italy: Renzi Faces Three Opposition Parties, All Rabidly Anti-Euro

  Published 21 November 2016 | viewed 0 times

  The nannycrats in Brussels better be working on plan B. Plan A, never let a country leave the Eurozone, is set to fail, sooner or…

• The Real Barrier To Trump's Economic Policies!

  Published 20 November 2016 | viewed 0 times

  Gordon T Long, Co-Founder of MATASII.com sat down with Mish Shedlock to get his views on what the new Trump Administration and its "Trumponomics" policies…

• Wolfgang Schauble Turns to Threats and Extortion: Just Another Petty Nannycrat Who Doesn't Understand Free Trade

  Published 19 November 2016 | viewed 0 times

  German finance minister Wolfgang Schauble warns the UK faces stiff rules on tax breaks and prolonged EU payments. Such threats are nothing more than an…

• Inventory to Sales Ratios: What's Really Going On?

  Published 18 November 2016 | viewed 0 times

  On November 15, the Census Bureau released its monthly report on Manufacturing and Trade Inventories and Sales. Despite the fact that is it mid-November, we…

• Industrial Production Far Worse Than First Glance Look: No, It's Not the Weather

  Published 16 November 2016 | viewed 0 times

  Industrial production had another weak month. October came in at 0.0% and September was revised from +0.1% to -0.2%. The Fed blames the weather. Bloomberg…

• Retail Sales Jump 0.8% but Expect More Store Closings

  Published 15 November 2016 | viewed 0 times

  A December rate hike is all but baked in the cake after today's retail sales report. Sales rose a solid 0.8% in October and that…

• Mortgage Panic as Rates Rise: Inflation Scare or the Real Deal?

  Published 15 November 2016 | viewed 0 times

  Since the election 10-year treasury rates are up 0.405 percentage points. Since October 1, rates are up 0.665 percentage points. Because mortgage rates closely follow…

• Where the Hell are Obama and Clinton? Both Should Plea for Ending Riots in Attempt Calm the Nation

  Published 13 November 2016 | viewed 0 times

  In the wake of the election, a curious thing happened. Masses of people who proclaimed Trump would steal the election, protest, and cause riots, were…

• Make Inflation Great Again! Is Trump the 'Inflation President'? Spotlight on Bonds, Oil, Gold, Attitudes

  Published 11 November 2016 | viewed 0 times

  A near-universal consensus has formed that Donald Trump is the "inflation president". The Wall Street Journal, Bloomberg, New York Times, Financial Times, Money, and Fortune…