Mike Shedlock

Contributor since: 26 Feb 2010

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• Speak Out - Audit the Fed, Then End It!

  Published 21 May 2009 | viewed 4,139 times

  Now that the love affair with Obama is starting to wear off, it is time to Speak Out! Voters in California have just spoken out…

• Effect of Household Deleveraging on Housing, Consumption and the Stock Market

  Published 19 May 2009 | viewed 3,690 times

  Inquiring minds are investigating the Federal Reserve Bank of San Francisco report on Household Deleveraging and Future Consumption Growth. U.S. household leverage, as measured by…

• Credit Card Defaults At Record Highs But Worst Is Yet To Come

  Published 16 May 2009 | viewed 5,870 times

  Credit card defaults are soaring, with double digit rates at Citigroup, Wells Fargo, and American Express. Let's take a look starting with Credit Card Defaults…

• How Banks Become Condo Rental Agents

  Published 03 May 2009 | viewed 3,646 times

  Last month in a Boston foreclosure sale, John Hancock Tower Lenders Took, a 65% Haircut In 3 Years . Boston is back in the news…

• Anti-Libertarian Nonsense From Henry Kaufman and Company

  Published 29 April 2009 | viewed 4,111 times

  In How libertarian dogma led the Fed astray Henry Kaufman launches into tirade against the "Libertarian Fed" and the "prevailing economic libertarianism". I have a…

• Deflation Returns To U.K.

  Published 22 April 2009 | viewed 3,562 times

  Inquiring minds are reading Deflation returns to Britain for first time since 1960. Deflation returned to Britain for the first time in nearly five decades…

• Economist Mankiw Defends Policy of Theft

  Published 21 April 2009 | viewed 3,266 times

  In case you are new to this story, Gregory Mankiw, professor of economics at Harvard, proposed negative interest rates in It May Be Time for…

• Time For Mankiv To Resign

  Published 19 April 2009 | viewed 3,769 times

  On Saturday I checked my watch to verify the date. A quick check showed it was April 18. Just to be sure I asked my…

• How To Take Advantage of Low Mortgage Rates

  Published 10 April 2009 | viewed 4,756 times

  President Obama declares "good news" and says Timing right for millions to refinance. Declaring "good news" in the midst of an economic meltdown, President Barack…

• Fed's Effort To Roll Snowball Uphill Is Failing

  Published 06 April 2009 | viewed 4,032 times

  Bernanke thinks he can manipulate treasury yields by purchasing long dated treasuries. He can't. The market is simply too big. Please consider Treasurys slide after…

• New York Times Threatens To Shut Boston Globe

  Published 04 April 2009 | viewed 3,294 times

  Deflationary news continues to hit the newsprint industry. Please consider New York Times threatens to shut Boston Globe. The New York Times Co has threatened…

• Geithner's Gift To Pimco

  Published 02 April 2009 | viewed 4,890 times

  Geithner's Heist America Plan is receiving words of self-serving praise from Pimco's Bill Gross. Indeed, Geithner's Non-Recourse Gift Keeps on Giving to Bill Gross. Treasury…

• Bank CEO calls Geithners Plan "Asinine"

  Published 16 March 2009 | viewed 4,003 times

  Wells Fargo's CEO Richard Kovacevich has some harsh words about Geithner's stress test. "It's Asinine" Says Wells' CEO. Henry Blodget seems to agree. "As Americans…

• All Manias Leave Something Undervalued

  Published 11 March 2009 | viewed 5,513 times

  Inquiring minds are taking a close look at point number five, A Revaluing of Intangible Assets in today's Five Things by Kevin Depew. "It's kind…

• Time To Stop Squandering Taxpayer Money

  Published 10 March 2009 | viewed 3,412 times

  John Hussman is always a good read. This week, in Buckle Up, Hussman is railing about the policies in Washington. Let's tune in. The misguided…

• Jobs Contract 14th Straight Month; Unemployment Rate Soars to 8.1%

  Published 06 March 2009 | viewed 2,812 times

  This morning, the Bureau of Labor Statistics (BLS) released the February Employment Report. Nonfarm payroll employment continued to fall sharply in February (-651,000), and the…

• Frank Monstrosities

  Published 05 March 2009 | viewed 4,000 times

  Barney Frank is in the news. As is typically the case with "Frank News", Barney is throwing stones in the wrong direction. Please consider Frank…

• Stop The Seller Funded Down Payment Assistance (SFDPA) Scam

  Published 04 March 2009 | viewed 3,762 times

  Aaron Krowne at Implode-O-Meter has asked me to help stop the Seller Funded Down Payment Assistance (SFDPA) scam. Barry Ritholtz at the Big Picture, Dr.…

• Warren Buffett Loses His Way

  Published 01 March 2009 | viewed 5,020 times

  Bloomberg is reporting Berkshire Profit Plunges 96% on Stock Market Bets. Warren Buffett's Berkshire Hathaway Inc. posted a fifth-straight profit drop, the longest streak of…

• Bernanke's Hide and Seek Delaying Tactics

  Published 24 February 2009 | viewed 4,153 times

  The ever changing model of nationalization took another leap towards a resolution of sorts today. Bernanke's new plan amounts to a game of hide and…