Mike Shedlock

Contributor since: 26 Feb 2010

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• Fantastic News: Nonfarm Payrolls Decline by 95,000, Much Weaker than Expected

  Published 08 October 2010 | viewed 0 times

  Involuntary Part-Time Work Soars by 612,000! Today we have fantastic news from the BLS that the economy shed 95,000 jobs, far weaker than the economists'…

• Open Dissent at the Fed: Charles Plosser (Philly Fed) Opposes QE2; Thomas Hoenig (Kansas City) attends Tea Party

  Published 29 September 2010 | viewed 0 times

  An open battle exists at the Fed concerning Bernanke's second round of Quantitative Easing (QE2). Hoenig Attends Tea Party Bloomberg reports Fed Dissenter Hoenig Wages…

• QE Engine Revs, Car Goes Nowhere

  Published 28 September 2010 | viewed 0 times

  The economy is stuck in neutral so stepping on the QE gas pedal is highly unlikely to accomplish much except increase the noise level. Yet,…

• Pied Piper Politics; Krugman and Candle Makers Complain About the Sun; Global Trade Wars

  Published 27 September 2010 | viewed 0 times

  The odds of a global trade wars took yet another step forward today. Brazil's finance minister went on the warpath complaining about the "international currency…

• $30 Billion Offer No One Wants - Small Businesses Hit by Deflation

  Published 25 September 2010 | viewed 0 times

  When government passes out the money normally people are lined up, in advance, with both hands out. When that does not happen, it's because the…

• Reading Between The Lies

  Published 22 September 2010 | viewed 0 times

  On August 27, 2010 in a much Ballyhooed Speech at Jackson Hole, Bernanke said The Committee is prepared to provide additional monetary accommodation through unconventional…

• Amazing Arrogance, Gall, Chutzpa, and Unmitigated Effrontery from Berkshire Hathaway

  Published 20 September 2010 | viewed 0 times

  It's hard to know exactly the precise words to describe the arrogance and unmitigated effrontery of Charles Munger, the billionaire vice chairman of Berkshire Hathaway,…

• Good News: The Great Recession is Over; Bad News: It Doesn't Feel Like It

  Published 20 September 2010 | viewed 0 times

  According to the NBER, at long last the great recession is officially over. Bloomberg reports Worst U.S. Recession Since 1930s Ended in June 2009. The…

• Myths About 'What's Economically Important'

  Published 17 September 2010 | viewed 0 times

  Day in and day out I hear it from readers who insist that we are not in deflation and will not be in deflation because…

• CFO Survey: Optimism Tumbles, Employment Picture Bleak; Liquidity, Not Expansion Plans Behind High Cash Levels

  Published 16 September 2010 | viewed 0 times

  Duke University reports CFO Survey: Optimism Tumbles, Employment Picture Bleak Optimism about the U.S. economy has fallen back to recession levels among chief financial officers…

• Home Prices Drop in 36 States

  Published 15 September 2010 | viewed 0 times

  Beazer Warns on Orders; 8 Million Foreclosure-Bound Homes to Hit the Market; Prices to Stagnate for a Decade The small upward correction in home prices…

• Retail Sales Rise .4 Percent From July - How Far To Pre-recession Levels? Where To From Here?

  Published 14 September 2010 | viewed 0 times

  Inquiring minds are investigating the Advance Monthly Retail Sales Report for August 2010, noting the discrepancy between what is reported and reality. The U.S. Census…

• Wholesale Inventories Rise More than Expected; OK So Where's the Demand?

  Published 10 September 2010 | viewed 0 times

  Rising inventories to meet rising demand is one thing, rising inventories in the face of weak or falling consumer demand is another. On the inventory…

• Labor Day Insanity from Clinton's Secretary of Labor

  Published 06 September 2010 | viewed 0 times

  It's Labor Day. The markets are closed. Those working for government, banks, schools etc have the day off. All totaled, 17.3 million citizens do not…

• New Job Opportunity - Spitting at the Moon

  Published 04 September 2010 | viewed 0 times

  In multiple posts Paul Krugman is saying "I told you so". For example, please consider Nobody Could Have Predicted Pictures support the view that stimulus…

• Email From 'Morally Conflicted' One Year Later After Walking Away

  Published 29 August 2010 | viewed 0 times

  Slightly over one year ago, I received an email from "Morally Conflicted in Arizona" who at the time was considering "Walking Away". I responded to…

• Existing Home Sales Plunge 27 Percent...

  Published 24 August 2010 | viewed 0 times

  Worse than Every Economist Forecast; Treasury Yields Hit New Lows In yet another clean sweep, the third in a week or so, sales of existing…

• Epidemic of Thrift vs. Leap of Faith; Housing Slide Will Seal Recession Fate

  Published 24 August 2010 | viewed 0 times

  I am reasonably certain that the economy is still in recession. If not (and this is ultimately up to the NBER to decide), the pending…

• Small Businesses are Not Hiring - Why Should They?

  Published 20 August 2010 | viewed 0 times

  In response to Creating Jobs Carries a Punishing Price, an article about Mr. Fleischer, president of Bogen Communications Inc. and why he is not hiring,…

• 58 out of 58 Economists Overoptimistic on Philly Fed Manufacturing Estimate

  Published 19 August 2010 | viewed 0 times

  Median Forecast +7 Actual Result -7.7, a "Veritable Disaster" They may call economics the "dismal science" but it would be hard pressed to find a…