Mike Shedlock

Contributor since: 26 Feb 2010

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• LIBOR Rates Show Stress

  Published 26 November 2007 | viewed 5,238 times

  Curve Watchers Anonymous is once again watching the yield curve and mortgage rates. In addition, it has close eyes on LIBOR rates. Although the moves…

• Liquidity Pump Runs Dry

  Published 23 November 2007 | viewed 6,018 times

  Many seem to think the Fed is pouring on the liquidity. In Critical Point, Hussman makes a case otherwise. Rising delinquency and foreclosure rates, which…

• Citibank SIVs Hit Norway Townships

  Published 21 November 2007 | viewed 4,596 times

  Several Norway townships are caught up in the international credit crisis. Several small townships in northern Norway went along with a securities firm's advice and…

• Downward Spiral of Deep Junk

  Published 03 November 2007 | viewed 6,881 times

  Reuters is reporting credit default swaps on Ambac, MBIA trading as deep junk Credit derivative traders are valuing bond insurers Ambac Financial Group (ABK) and…

• Question of Solvency at Citigroup

  Published 02 November 2007 | viewed 5,226 times

  Market Watch is reporting Citigroup shares drop as dividend is put in doubt. Citigroup shares tumbled more than 6% in afternoon trading Thursday amid new…

• When Will Housing Bottom?

  Published 25 October 2007 | viewed 6,954 times

  Those looking for a housing bottom anytime soon are likely to be disappointed. Let's see why from three different angles: Mortgage Rate Resets in Conjunction…

• Enron Accounting at Citigroup

  Published 19 October 2007 | viewed 5,471 times

  In the aftermath of the collapse at Enron, new rules were put in place to prevent corporations from holding assets off the books. However, anyone…

• Super SIVs - A Fraudulent Attempt at Concealment

  Published 15 October 2007 | viewed 5,736 times

  The Wall Street Journal is reporting Citigroup Rescue Plan Redied. Over the weekend, the Treasury hosted talks to help a group of banks set up…

• Every Reason To Panic Over Portland Condo Glut

  Published 09 October 2007 | viewed 5,300 times

  Portland's condo demand appeared insatiable. Now, shelved projects and stalled construction dot the city as a Shadow falls on the Portland condo market. In the…

• Debt Slave Act of 2005 Revisited

  Published 08 October 2007 | viewed 4,949 times

  It's time to review the inappropriately named Bankruptcy Reform Act of 2005. It really should be called the Debt Slave Act of 2005. The bill…

• Drowning in Debt: How do we protect ourselves?

  Published 03 October 2007 | viewed 5,719 times

  In response to Is the Fed Deflating? I received several reader question similar to this one from Mike: Thank you for your analysis. Could you…

• Buyout Bingo Reversal Continues

  Published 22 September 2007 | viewed 4,526 times

  PHH was among first of the LBO deals to collapse. The action was described in Buyout Bingo In Reverse. Yet another deal collapsed on Friday.…

• Shattered Confidence

  Published 17 September 2007 | viewed 4,565 times

  Northern Rock, Countrywide, Sentinel, and other have gotten themselves into a big mess by using short term borrowing to make long term loan commitments. Sentinel…

• Global Savings Glut Exposed

  Published 12 September 2007 | viewed 5,206 times

  In a long winded article Bernanke is yapping once again about Global Imbalances and the Global Savings Glut. The article is complete with charts and…

• Moonbats Active Again in Massive Jobs Disaster

  Published 07 September 2007 | viewed 6,446 times

  Two days ago in Mass Layoffs Soar I proposed "One of these months there is going to be a massive "unexpected" downward jobs revision. More…

• A New Dance Craze - The Bernanke Shuffle

  Published 06 September 2007 | viewed 4,888 times

  Bernie Schaeffer is Holding the Fed Culpable for mistakes the Fed made on both ends. Were all these rate hikes necessary? Forget even about current…

• Implode-O-Meter Stats vs. the BLS

  Published 02 September 2007 | viewed 7,543 times

  Lost in the turmoil of credit cards, derivatives, commercial paper, and Fed manipulations on options expiration days, etc are the latest jobs numbers. MarketWatch is…

• Duration Mismatch to Bankruptcy (in one week flat)

  Published 19 August 2007 | viewed 5,882 times

  On Friday, Sentinel filed for Chapter 11 bankruptcy. Sentinel Management Group Inc., a U.S. futures commission merchant whose decision to freeze client accounts on Tuesday…

• Mad Dash For Cash

  Published 18 August 2007 | viewed 7,004 times

  There was a mad dash for cash on Friday and certainly no one should have been surprised by it. In Countrywide Bets the Farm I…

• Duration Mismatch at Sentinel

  Published 16 August 2007 | viewed 4,443 times

  The investment objective and allowable investments in Sentinel's 125 portfolio are rather interesting. Investment Objective: The 125 Portfolio is intended to provide Sentinel's FCM clients…