Mike Shedlock

Contributor since: 26 Feb 2010

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• Citigroup Begs To Be 40% Nationalized

  Published 22 February 2009 | viewed 3,989 times

  Citigroup is in deep trouble. Its share price is $1.95 and the market is recognizing what I said a year ago: "Citigroup Is Insolvent". Of…

• Nationalization Revisited

  Published 20 February 2009 | viewed 5,174 times

  Previously I expressed some thoughts on nationalization in The Nationalization Train Has Left The Station. Greg Mankiw suggests wait a minute, this is just nomenclature…

• Fed and BOE Shell Games to Bailout Insolvent Banks

  Published 18 January 2009 | viewed 4,444 times

  The US banking system is insolvent. I gave 25 reasons on Wednesday, July 23, 2008 in You Know The Banking System Is Unsound When.... 1.…

• Obama Calls For Sacrifices, Scales Back Campaign Promises, Ups Jobs Program To 4M

  Published 10 January 2009 | viewed 3,677 times

  While increasing his jobs creation forecast to 4 million jobs, Obama Calls for Sacrifice, Scaling Back Campaign Promises. President-elect Barack Obama said turning around the…

• Jobs Contract 12th Straight Month; Unemployment Rate Soars to 7.2%

  Published 09 January 2009 | viewed 3,225 times

  Before taking a look at the monthly jobs data, let's take a look at Initial Unemployment Insurance Claims from The US Department of Labor. For…

• Reflections On 2008, Themes For 2009

  Published 06 January 2009 | viewed 3,871 times

  2008 may best be remembered as the year most would like to forget. Sure there were some highlights that nearly everyone will remember fondly such…

• Media Blamed For Making Economic Crisis Worse

  Published 06 January 2009 | viewed 3,516 times

  A new poll is out showing 77% of Americans blame media for making economic crisis worse. Seventy-seven percent of Americans believe that the U.S. media…

• Couples Hitched To The Economy, Not To Pets

  Published 21 December 2008 | viewed 3,697 times

  In a new socioeconomic trend, divorce rates are dropping as couples who cannot stand each other have become Hitched to the Economy, not able to…

• Nonsense About Gold Backwardation, Ameros,Yuan Devaluations, etc.

  Published 08 December 2008 | viewed 6,021 times

  Late last week through this weekend I started receiving numerous emails about gold backwardation theories, Amero sightings, Yuan devaluations, and all sorts of other stories…

• GM Bankruptcy Option Under Discussion

  Published 04 December 2008 | viewed 3,756 times

  Bloomberg is reporting GM, Chrysler May Accept Bankruptcy to Receive Bailout General Motors Corp. and Chrysler LLC executives are considering accepting a pre-arranged bankruptcy as…

• Stop The Auto Bailout Campaign - Phase Three

  Published 04 December 2008 | viewed 4,133 times

  The automakers have made another push for money, now asking for $34 billion when two weeks ago they only needed $25 billion. It's time once…

• Search For Stimulus In A ZIRP World

  Published 02 December 2008 | viewed 3,946 times

  Central bankers everywhere are Looking for Tools in a Zero Interest-Rate World. The Swiss National Bank is becoming the first central bank in Europe to…

• Credit Risk Rises on Citigroup Breakup Speculation

  Published 21 November 2008 | viewed 4,733 times

  I have been saying for over a year that Citigroup would not survive in one piece. That option is looking increasingly likely as the Citigroup…

• Stop The Auto Bailout Campaign

  Published 17 November 2008 | viewed 4,418 times

  Enough is enough. Congress is about to waste more money attempting to prop up ailing dinosaurs GM and Ford. We need to do something about…

• Chicago Prepares For Mass Layoffs: Mayor Daley

  Published 13 November 2008 | viewed 4,183 times

  Chicago, The City That Works is facing a new reality. Mayor Daley has been warned by CEOs to Prepare For Mass Layoffs. The warning is…

• Battle Over Bazooka Point Lending

  Published 11 November 2008 | viewed 3,883 times

  Paulson asked for and received the right to do damn near anything he wanted with the $700 billion bank bailout money appropriated by Congress. His…

• Baltic Dry Shipping Collapses

  Published 15 October 2008 | viewed 8,672 times

  The Baltic Dry Shipping Index covers dry bulk shipping rates and some view it as a proxy for general economic health. The index continues to…

• That Giant Sucking Sound

  Published 02 October 2008 | viewed 5,288 times

  The following image was used by my friend Charles Goyette whose talk show I was on every Wednesday for several months. Charles left for personal…

• Rep. Brad Sherman On Bailing Out Foreign Investors

  Published 01 October 2008 | viewed 5,413 times

  Inquiring minds are considering Bailout Bill: Pros & Cons. Click Here To Play Video Following is a partial transcript Rep. Brad Sherman, D California: Larry…

• How To Stop A Run On The Banks

  Published 30 September 2008 | viewed 4,768 times

  The global banking system has frozen up. There is no trust between banks and there is no trust by depositors of banks. This has caused…