Mike Shedlock

Contributor since: 26 Feb 2010

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Biography

• $100 Billion Bond Backup

  Published 11 August 2007 | viewed 5,208 times

  BusinessWeek reported on July27, that Corporate Debt Was All Dressed Up, Nowhere to Go. More than $90 billion in high-yield corporate bonds are waiting to…

• High Rate CDs and other Moral Hazards

  Published 08 August 2007 | viewed 5,502 times

  The Pittsburgh Post Gazette has the sad story of a man whose lifetime of saving evaporated with the collapse of Metropolitan Savings Bank. Raymond Przybilinski…

• Cold Feet and Sea Bass

  Published 03 August 2007 | viewed 4,331 times

  Fear of risk is sending investors into retreat as cold feet become the factor. The widening fallout in the U.S. mortgage industry has reminded investors…

• Massive Bets On Idiots

  Published 31 July 2007 | viewed 6,742 times

  CNN Money is reporting Fund manager's fun sailing away. Hedge fund manager [John Devaney] whose fund ran into trouble from the sell-off in securities backed…

• Is $100 Oil Coming? $200 Anyone?

  Published 25 July 2007 | viewed 5,038 times

  Analysts at Goldman and CIBC say $100 oil may be just months away. The $100-a-barrel oil that Goldman Sachs Group Inc. said would prevail by…

• Missing The Boat On Globalization

  Published 06 June 2007 | viewed 4,084 times

  On October 19th 2005 Fed Governor Richard Fisher wrote about Globalization and Texas. Since becoming Dallas Fed president, I have been stressing the importance of…

• Construction Jobs Puzzle

  Published 01 June 2007 | viewed 4,286 times

  Once again we have another totally unbelievable jobs report. This makes two in a row. For a recap of last months complete jobs fabrication, please…

• Squeeze on Wage Earners Accelerates

  Published 15 May 2007 | viewed 5,199 times

  The BLS is reporting Real Earnings Drop .5 percent in April. Real average weekly earnings fell by 0.5 percent from March to April after seasonal…

• Rear View Mirror Housing Experts

  Published 13 May 2007 | viewed 5,503 times

  Mike Morgan at Morgan Florida sent me another update that I can post with the exception of one small section. This update is called Rear…

• Housing Bright Spots

  Published 10 May 2007 | viewed 4,389 times

  Amidst all the doom and gloom of housing warnings, there is some exciting news on Housing Bright Spots as commented on by Toll Brothers. Toll…

• Capital Spending Suggests Hard Landing

  Published 28 April 2007 | viewed 5,308 times

  Lost in the headline Capital spending bounces back in March is the fact that first quarter capital spending was down 15.3% annualized. Demand for U.S.-made…

• Mod Squad Containment

  Published 23 April 2007 | viewed 8,224 times

  I recently talked about some of the bailout plans in The Fatal Flaw in Housing Bailout Plans. But somehow I missed the "Bear Stearns/EMC Mod…

• Supply Side Economics

  Published 09 April 2007 | viewed 5,203 times

  The questions of the day are: Are the supply side tax cuts responsible for this expansion since 2003? Is the job market humming along nicely?…

• March Employment Numbers & Leading Indicators

  Published 07 April 2007 | viewed 5,635 times

  The March 2007 Employment Numbers are in. Following are the results from the establishment survey. In March, nonfarm payroll employment rose by 180,000 to 137.6…

• Spillover Scorecard

  Published 05 April 2007 | viewed 4,810 times

  Bloomberg is reporting Services ISM Unexpectedly Slows. U.S. service industries grew at the slowest pace in almost four years in March, leaving the economy more…

• Hot Lines for Hard Times

  Published 25 March 2007 | viewed 5,080 times

  Jobs are supposedly plentiful yet 2.1 million Americans with a home loan missed at least one payment at the end of 2006. That seems pretty…

• Who's to Blame for the Housing Mess?

  Published 19 March 2007 | viewed 6,476 times

  There is one hell of a rant by Nouriel Roubini about who's to blame for the current mess in housing and subprime lending. Roubini's answer…

• 1st Helicopter Drop Now Being Organized

  Published 13 March 2007 | viewed 9,343 times

  Bloomberg is reporting Senate Weighs Aid to 2.2 Million Subprime Borrowers U.S. lawmakers will have to consider providing aid to about 2.2 million subprime mortgage…

• February Jobs / Employment Data

  Published 09 March 2007 | viewed 3,073 times

  On March 9th the Bureau of Labor Statistics (BLS) released the February Employment Report. Following is some data from that report. Unemployment Rate Household Data…

• Fed Is Ready and Willing To Act

  Published 28 February 2007 | viewed 5,210 times

  Market Watch is reporting Fed ready to act in a financial crisis. The Federal Reserve stands ready to lower interest rates if a financial crisis…