Mike Shedlock

Contributor since: 26 Feb 2010

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• WSJ Reports New Jersey Pension Deficit at $54 Billion; Actual Deficit $174 Billion; Illinois, California, New Jersey Among Worst States

  Published 24 December 2010 | viewed 0 times

  The Wall Street Journal reports New Jersey Pension Gap Hits $54 Billion. New Jersey's pension gap grew to $53.9 billion in the last fiscal year,…

• Alabama Town Defaults on Pensions, Breaks State Law; Renewed Calls For San Diego Bankruptcy; "Prichard is the Future"

  Published 23 December 2010 | viewed 0 times

  The dubious honor of being the first city in the nation to completely default on pension obligations goes to Prichard, Alabama. The city has sought…

• Spotlight on European Government Bonds; Current State of the Sovereign Debt Crisis in Pictures

  Published 21 December 2010 | viewed 0 times

  Here are a few charts that show the current state of tension in regards to the European sovereign debt crisis. The charts also show why…

• Why the United States of America is Broke

  Published 21 December 2010 | viewed 0 times

  Explaining why America is broke is rather simple. All we have to do is look at two separate and distinct problem areas: public unions and…

• Asininity from Paul Krugman Regarding Money Supply and Ron Paul

  Published 19 December 2010 | viewed 0 times

  In an absurd series of posts, Paul Krugman struggles to define money, then criticizes Ron Paul based on a myriad of incorrect assumptions "guessing" what…

• Cincinnati Threatens to Outsource Entire Police Department

  Published 19 December 2010 | viewed 0 times

  Cincinnati, like every union-plagued city in the country is having huge budget problems over untenable union wages and pension benefits. Big problems call for big…

• Bloodbath in Muni Bond Funds; Reasons for the Muni Selloff; Will it Continue?

  Published 14 December 2010 | viewed 0 times

  Inquiring minds are watching a huge selloff in Municipal Bond Funds. Here are a few charts. NPI Nuveen Premium Income Municipal Fund NPP Nuveen Perform…

• Still More Hype Regarding Silver; Just the Math Maam

  Published 14 December 2010 | viewed 0 times

  Hype regarding silver continues to go viral, and the Financial Times unexpectedly adds to that hype. The Financial Times reports JPMorgan cuts back on US…

• Williams Calls for 'Great Hyperinflationary Great Depression'; A Very Easy Rebuttal

  Published 12 December 2010 | viewed 0 times

  Those looking for Sunday entertainment can pull out the popcorn and watch this video of John Williams calling for the "Great Hyperinflationary Great Depression", coming…

• Wisconsin Governor-Elect Proposes Abolishing State Employee Unions

  Published 08 December 2010 | viewed 0 times

  In the midst of fiscal insanity by Congress and the Obama Administration comes common sense proposals in Wisconsin as the governor-elect may try to gut…

• Dr. Mr. Speaker

  Published 07 December 2010 | viewed 0 times

  Here are the Emails I sent to House Speaker John Boehner. The first is in regards to Ron Paul and the chairmanship of the Monetary…

• Lies, Half-Truths, and 100% Hubris on 60 Minutes; Deficit-Chicken Republicans; Middle-Class Crucifixion; Ron Paul Needs Your Support

  Published 07 December 2010 | viewed 0 times

  I am very disheartened but not at all surprised (given that I predicted it), the complete fiscal irresponsibility of the "compromise" tax proposal by president…

• 'Economics 101' Video Exposes Keynesian Consumer Spending Fallacy

  Published 03 December 2010 | viewed 0 times

  A Center for Freedom and Prosperity Foundation "Economics 101" Video Exposes Keynesian Consumer Spending Fallacy. "Keynesian stimulus schemes failed under Bush and now they are…

• State Secrets or Blazing Stupidity? US a Pawn for Oil Producers? Next Stop 'Secret Police'

  Published 02 December 2010 | viewed 0 times

  The blazing stupidity of some of the ridiculous schemes hatched by US diplomats is staggering. Take a look at Wikileaks Docs Reveal Secret Scheme To…

• Amazon Drops WikiLeaks on Request of Sen. Lieberman; Lie of the Day from Hillary Clinton; How NOT to Stop Leaks; Why we have Leaks

  Published 01 December 2010 | viewed 0 times

  WikiLeaks just gave Senator Joe Lieberman, Amazon, and the Department of Homeland Security what I consider to be a well deserved finger. Amazon dropped WikiLeaks…

• Social Enterprise Survival Tactics and Some Very Uncreative Economic Fix-Its

  Published 01 December 2010 | viewed 0 times

  New York Times writer David Segal has rounded up a group of folks offering "creative" solutions to our economic problems. The #1 solution comes from…

• Terms of Enslavement; Irish Citizens Say 'Default'; Agreement Violates EU and Irish Laws; 50 Ways to Leave the Euro

  Published 29 November 2010 | viewed 0 times

  ANY Ireland bailout terms are onerous given that it is not Ireland that is bailed out but rather banks in the UK, Germany, US, and…

• To Ireland With Love

  Published 28 November 2010 | viewed 0 times

  IMF's Trojan Horse Gift to Ireland I believe we have all heard the story and know how it ends. Iceland is No Ireland Inquiring Irish…

• San Diego Mayor Proposes Eliminating City Pensions; Public Union Concessions a New Trend

  Published 20 November 2010 | viewed 0 times

  After citizens of San Diego voted overwhelming against raising taxes to cover deficits, the Voice of San Diego reports Mayor Proposes Eliminating City Pensions As…

• Bernanke Seeks New 'International Monetary System'

  Published 19 November 2010 | viewed 0 times

  Accuses China of Currency Intervention, Warns of Rising Unemployment and "End of Tepid US Recovery" In speeches before a European Central Bank conference in Frankfurt,…