Mike Shedlock

Contributor since: 26 Feb 2010

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• Japan Learns to Live with Deflation (If Only Analysts Could Figure Out How)

  Published 31 January 2011 | viewed 0 times

  In Japan, wages are lower, but so are prices for goods and services, even food. Japan's companies are devising ways to profit from deflation, says…

• Egypt Closes Banks, Stock Market; Protests Spread to Saudi Arabia, Jordan; Saudi King Backs Mubarak; Reflections on Misguided US Policy

  Published 30 January 2011 | viewed 0 times

  One sure way to get people fired up is to shut down the stock market and all the banks, thereby denying citizens access to their…

• Creative Art of Bullish Excuses: Stock Market Still 'Good to Go'; Hook Has Been Set

  Published 29 January 2011 | viewed 0 times

  While reading more on the Egyptian riots in a Bloomberg article, I found this nice quip on global equity prices. European stocks retreated this week…

• Blood on Bernanke's Hands

  Published 27 January 2011 | viewed 0 times

  Riots in Egypt over Food Prices and Unemployment; Protests Spread to Algeria, Morocco and Yemen; Twitter in the Spotlight Violence in Egypt continues unabated in…

• Steve Keen Responds to 'World Economic Forum Endorses Fraud' Post; Sustainability of Exponentially Growing Systems

  Published 25 January 2011 | viewed 0 times

  In response to World Economic Forum Endorses Fraud; Steve Keen Mocks the WEF Report, So Do I; The Purported "Need to Double Credit in 10…

• Timothy Geithner Meets Vladimir Lenin Stage II; Accounting Rule Changes at the Fed will Mask Losses

  Published 23 January 2011 | viewed 0 times

  Many people have taken notice of changes slipped into the Fed's balance sheet reporting rules that will allegedly shield the Fed from devastating losses. Please…

• Budget Deficit Accounting Fraud and the Off-Balance-Sheet Student Loan Scam; Time to Scrap Entire Student Loan Program

  Published 22 January 2011 | viewed 0 times

  Inquiring minds have been wondering why the federal debt has been rising far faster than cumulative federal deficits. The short answer is off-balance-sheet scams like…

• China Secretly Buying US Treasuries Via UK Accounts? Trade Deficit Math; 'Hot Money' Math

  Published 21 January 2011 | viewed 0 times

  Floyd Norris at the Wall Street Journal thinks China May Be Masking Its Purchase of U.S. Securities For eight years after the United States resumed…

• 'Consensus Nonsense'; Is the Yuan Undervalued? Who Wins a Currency War?

  Published 20 January 2011 | viewed 0 times

  Inquiring minds are playing a pair of CNN Money videos with Jim Chanos regarding various aspects of the Chinese economy, China's huge property and credit…

• Vallejo Bankruptcy Plan Offers Unsecured Creditors 5-20%; JPMorgan CEO Forecasts More Municipal Bankruptcies; Bernanke Will Not Rescue Cities

  Published 20 January 2011 | viewed 0 times

  Vallejo is using federal bankruptcy laws to stick it to unsecured creditors. Please consider Vallejo Plan Would Give Unsecured Creditors 5 to 20 Cents on…

• Point of No Return; Fiscal Shell Games; Texas to Cut 8,000 Jobs; Deep Layoffs in NJ; Mayor Recall Vote in Miami; Oregon Workers' Comp Bankruptcy

  Published 18 January 2011 | viewed 0 times

  Call it a Day of Reckoning or a Point of No Return. Either way, it has arrived. Cities and states are in forced cutback mode…

• Shanghai Prepares for Property Tax to Curb 'Speculative' Buying; China Addresses Symptom NOT Problem

  Published 17 January 2011 | viewed 0 times

  China's problem is rampant growth in money supply. Instead of curbing the problem, China prepares to address the symptoms, city by city it appears. Please…

• Baby Steps or Simply Mush from Christina Romer Regarding 'What Obama Should Say About the Deficit'

  Published 16 January 2011 | viewed 0 times

  Christina Romer is the out-going Chair of the Council of Economic Advisers in the Obama administration. She is now member of the President's Economic Recovery…

• Chinese Bank Lending Spree Continues; $75 Billion New Loans First Week in January Alone; Inflation Gone Amuck

  Published 15 January 2011 | viewed 0 times

  China wants to rein in inflation, or so it says. It also wants 10% growth per year as far as the eye can see. It…

• Business Owners Blast IL Tax Hikes; Quinn's Blatant Lies ...

  Published 13 January 2011 | viewed 0 times

  ... Neighboring States Gleeful, Mayor Daley Whines; Escape to Wisconsin; Arrogance, Greed, Corruption Tax insanity in Illinois is now official. Governor Pat Quinn signed off…

• Brown Seeks 10% Pay Reduction For State Employees, Unveils $12.5 Billion Spending Cuts; Suggestions to Eliminate the Gap

  Published 10 January 2011 | viewed 0 times

  Governor Brown has a budget shortfall of $28 billion. He seeks to get $12.5 billion from spending cuts. That is 44.6% of what needs to…

• Playing Chicken with Debt Limits: Obama as a Senator vs. Obama the Hypocrite President Today

  Published 05 January 2011 | viewed 0 times

  President Obama is very concerned that Republicans might "Play Chicken" with the debt ceiling. The president is so concerned his aids are sending out dire…

• Australia Heads For Economic Crunch

  Published 02 January 2011 | viewed 0 times

  Similarities Between Australian and Chinese Stock Markets; Global Property Bubble Cycles The party is over in Australia. Many anti-dollar investors and Pollyannas living down under…

• In Praise of Volunteer Fire Departments

  Published 01 January 2011 | viewed 0 times

  Do we really need paid union fire departments anywhere? What about police? In response to "Crash Tax" Ripoff Expands in California and New York I…

• Indiana Bill Would Allow Cities to Declare Bankruptcy; Gary, Lake Station Likely Candidates; Hands Tied in Rhode Island

  Published 28 December 2010 | viewed 0 times

  A bill in the Indiana legislature would allow local governments to declare bankruptcy. Given Governor Mitch Daniels is backing this plan, I expect it to…