Mike Shedlock

Contributor since: 26 Feb 2010

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• Not Getting It: Michael Moore, Hollande, Merkel, Financial Times, Stephen Colbert

  Published 11 November 2016 | viewed 0 times

  The parade of politicians and media pundits who are totally clueless about what happened and why is miles long. Most writers are equally clueless about…

• Historic Swings: 132 Points on SP500; 270 Nasdaq; 1325 Nikkei

  Published 09 November 2016 | viewed 0 times

  Those who promised immediate Armageddon if Donald Trump won the election were temporarily elated until Trump gave a very gracious election win speech. The stock…

• Greenspan Foresees 5% Interest Rates: 'Only One Long-Term Direction and That is Up'

  Published 08 November 2016 | viewed 0 times

  In a Bloomberg Interview, former Fed chairman Alan Greenspan says "fairly soon" we could see a shift away from excessively low interest rates. Greenspan Quotes…

• Diving Into the Medical CPI: Are Your Medical Expenses Up Only 5% from Year Ago?

  Published 07 November 2016 | viewed 0 times

  On November 1, I posted a couple of charts from Variant Perception that shows medical price inflation plus rent inflation is up nearly 9% from…

• UK Schism: Theresa May Promises to Deliver Brexit Despite Court Ruling Parliamentary Vote Required

  Published 06 November 2016 | viewed 0 times

  Labor leaders seeking to derail Brexit vowed to stop Brexit and took the case to UK courts. On November 3, a court ruled "The Secretary…

• Atlanta Fed President Open to 'Relatively Mild Form of Extremely Hot'

  Published 06 November 2016 | viewed 0 times

  Atlanta Fed president Dennis Lockhart says Bar High for Not Hiking Rates Next Month. Lockhart, who is retiring in February, also made an amusing comment…

• FRBNY 4th Quarter GDP Nowcast 1.6% vs. GDPNow 3.1%

  Published 04 November 2016 | viewed 0 times

  In sharp contrast to a GDPNow forecast of 3.1 percent for 4th quarter GDP, the FRBNY Nowcast Model estimates 4th quarter GDP at a mere…

• Fed Asset Bubble in Review: Will Falling Equity Prices Trigger a Recession?

  Published 02 November 2016 | viewed 0 times

  Deutsche Bank chief economist Joseph LaVorgna has an eye on asset bubbles. So do others. Let's take a look at a couple of measures starting…

• Personal Income Up 0.3 Percent, Real Disposable Income Not Quite 0.1 Percent

  Published 01 November 2016 | viewed 0 times

  The BEA's Personal Income and Outlays report shows personal incomes rose 0.3%. "Real DPI increased less than 0.1 percent in September and Real PCE increased…

• Key GDP Takeaway: Ever Weakening Real Final Demand

  Published 31 October 2016 | viewed 0 times

  What's the most important metric in GDP report on Friday? Caroline Baum tweets that it's private final demand, the slowest in three years, excluding the…

• Wall Street and Mainstream Media Stench Engulfs Hillary

  Published 28 October 2016 | viewed 0 times

  The stench surrounding Hillary is so bad not even mainstream media can completely cover it up. Moreover, leaked emails prove reporters and Wall Street executives…

• US Trade Deficit Sinks 5.2%; Gaming the GDP Effect; Food for Thought

  Published 26 October 2016 | viewed 0 times

  This morning the The U.S. Census Bureau announced "Advance Numbers" for international trade, wholesale inventories, and retail inventories for September 2016. The key line item…

• Brexit Common Sense From Sweden; Export Pain and EU Goats

  Published 26 October 2016 | viewed 0 times

  No one wins trade wars. And it makes no sense to try. At long last someone has figured that out, most likely because a trade…

• How One Billionaire Became a Gold Bug

  Published 25 October 2016 | viewed 0 times

  Hugo Salinas-Price, a hard currency advocate, and the founder of Mexico's Elektra retail chain explains in the following guest post how he became a gold…

• Flash Manufacturing Report Shows Strongest Upturn Year, Input Cost Acceleration

  Published 24 October 2016 | viewed 0 times

  The Markit US Flash Manufacturing Report shows U.S. manufacturers record strongest upturn in business conditions for 12 months. The report also shows input cost inflation…

• Another Lehman Blunder Coming Up?

  Published 22 October 2016 | viewed 0 times

  Telegraph writer Ambrose Evans-Pritchard says the Fed risks repeating Lehman blunder as US recession storm gathers. The key problem with Pritchard's superficial analysis is the…

• Obamacare Premiums Up 30% in TX, MS, KS; 50% in IL, AZ, PA; 93% in NM: When Does the Death Spiral Blow Up?

  Published 21 October 2016 | viewed 0 times

  Obamacare premiums are skyrocketing out of sight. A jump of a mere 30% looks like a good deal compared to jumps of over 50% in…

• Cass Freight Index Takes Another Dive Killing August's 'False Hope'

  Published 19 October 2016 | viewed 0 times

  Heading into the Christmas shopping season, the Cass Freight Index shows shipments sank 0.4% for the month and are down 3.1% from shipments a year…

• Brexit Framework: Winners and Losers

  Published 18 October 2016 | viewed 0 times

  UK prime minister Theresa May hopes the EU will come to its senses and negotiate a fair Brexit settlement. Unfortunately, current rhetoric suggests a "hard…

• The Right Approach to Brexit; Comparing One British Politician to Trump and Hillary

  Published 17 October 2016 | viewed 0 times

  Daniel Hannan, a British member of the European Parliament (MEP), made an eloquent, impassioned speech this weekend on what should take place in Brexit talks.…