Mike Shedlock

Contributor since: 26 Feb 2010

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• Record Declines In Case-Shiller Home Index

  Published 30 July 2008 | viewed 3,741 times

  The May S&P/Case-Shiller Home Price Indices are now out. New York, July 29, 2008 - Data through May 2008, released today by Standard & Poor's…

• Contact Your Senator: Say No To Fannie Bailout

  Published 16 July 2008 | viewed 3,769 times

  Hats off Shelby and Bunning. The latter is threatening to Filibuster Paulson's proposed bailout of Fannie Mae and Freddie Mac. See Paulson Crosses Rubicon Lands…

• How Many Bullets Does The Fed Have Left?

  Published 14 July 2008 | viewed 5,312 times

  Last evening I went to bed with the futures soaring as if an unlimited government bailout of Fannie Mae and Freddie Mac was a good…

• Metalworking Business Index Trends

  Published 04 July 2008 | viewed 3,890 times

  Steve Kline who produces the Metalworking Business Index survey, shared an email with me from a correspondent who wanted to raise capital to expand, but…

• Deflationary Hurricanes to Hit U.S. and U.K.

  Published 30 June 2008 | viewed 5,540 times

  Congratulations (of sorts) go to the UK as British household debt is highest in history. British households are now more indebted than those of any…

• Fed Looking To Bend Rules To Aid Banks

  Published 26 June 2008 | viewed 2,698 times

  FCNBC is reporting Fed May Ease Rules on Private Equity Bank Stakes. The U.S. Federal Reserve is considering steps to make it easier for private-equity…

• Telling Rift Over Fed Lending Facility

  Published 28 May 2008 | viewed 3,610 times

  In mid-September the Fed is placing new restrictions on the Primary Dealer Credit Facility, a swap-o-rama with broker dealers as opposed to banks. The Financial…

• Unstoppable Credit Contraction

  Published 30 April 2008 | viewed 4,193 times

  Steve Saville wrote an interesting article entitled Credit Contraction, Economic Bust, and Deflation. Inquiring minds will want to take a look. Saville: Members of the…

• Fed Auction Futility

  Published 24 April 2008 | viewed 4,170 times

  LIBOR, the interest rates banks charge each other for short term lending has been rising lately. Curve Watchers Anonymous notes that 1-month LIBOR was 2.61%…

• Vacancies Soar In Commercial Real Estate Bust

  Published 21 April 2008 | viewed 4,686 times

  Given the pullback in consumer and corporate spending, and it should not be surprising to see Big rise in unoccupied office space. Office vacancies rose…

• Misguided Calls For Activism

  Published 08 April 2008 | viewed 3,875 times

  The Wall Street Journal is reporting FDIC Chairwoman Calls for Activism. Federal Deposit Insurance Corp. Chairwoman Sheila Bair said Monday policy makers needed to consider…

• Fed Defends The Indefensible

  Published 03 April 2008 | viewed 4,438 times

  The Fed Defended Its Bear Stearns Rescue in testimony before the US Senate Banking Committee. Let's take a look. "We judged that a sudden, disorderly…

• As Desperation Sinks In, Non-Solutions Proliferate

  Published 18 February 2008 | viewed 5,222 times

  The number of proposed "solutions" to the current economic malaise grows every week. Come and gone is the Super SIV Fraudulent Attempt at Concealment, Project…

• Shadows of the CDS Market

  Published 17 February 2008 | viewed 4,738 times

  I have been writing about the Credit Default Swaps (CDS) ticking time bomb for a long time. In Who's Holding The Bag? I compared Warren…

• Businesses Advised To Walk Away

  Published 15 February 2008 | viewed 4,141 times

  Before exploring legal advice being given to banks about walking away, let's review one more time the Moral Obligations Of Walking Away. In a nutshell…

• Countrywide And Chase Shut Off The Cash Spigot

  Published 01 February 2008 | viewed 4,625 times

  Those attempting to tap into home equity are finding the spigot has been shut off. Countrywide Financial Corp. (CFC) sent letters to 122,000 customers last…

• 60 Minutes Legitimizes Walking Away

  Published 28 January 2008 | viewed 5,946 times

  There was a nice expose on CBS 60 Minutes this weekend called House Of Cards. I seldom watch TV but happened to catch it. Steve…

• Faith In The Fed: The Last Bubble To Pop

  Published 23 January 2008 | viewed 5,272 times

  A mad rush by Congress, Bush, the Treasury department and even foreign central banks to "Do Something" is now underway. If the Fed, Congress, and…

• Losing Control Of Monetary Policy

  Published 10 December 2007 | viewed 6,124 times

  In the US Merrill forecasts gloom for US economy. US interest rates will plunge from 4.5pc to 2pc as the American economy suffers its first…

• Will Ambac and MBIA Survive?

  Published 28 November 2007 | viewed 5,378 times

  JPMorgan (JPM) estimates that Bank CDO Losses May Reach $77 Billion. Losses on collateralized debt obligations at the world's biggest banks may double to $77…