Mike Shedlock

Posted September 30, 2015

For the third month in a row, the Case-Shiller 20-city seasonally adjusted home price index declined. Last month was revised lower. Economists were surprised.

Posted September 25, 2015

Those looking for "lift off" material for Fed hikes will not find it in the latest Durable Goods report from the US Department of Commerce.

Posted September 24, 2015

Yale University market scholar Robert Shiller entered the bubble debate last week as noted in the Financial Times article Fears Grow Over US Stock Market Bubble.

Posted September 23, 2015

Every month the New York Fed interviews a rolling group of 1200 people to produce a detailed Survey of Consumer Expectations.

Posted September 22, 2015

Existing home sales in August dipped 4.8% month-over-month to a seasonally adjusted rate of 5.31 million units.

Posted September 18, 2015

About a week ago I received an interesting email from reader Steve Kline Jr.

Posted September 11, 2015

With the holiday shopping season just about upon us, the Independent Pilots Association (IPA), a trade union representing pilots at UPS, said its leadership has called on its 2,528 members to authorize a pilot strike against UPS.

Posted September 10, 2015

In yet another oil price crash side effect, Dollar Denominated Loans in Saudi Arabia Jump 600%.

Posted September 08, 2015

In the housing bust, many glass manufacturers went out of business or mothballed operation.

Posted September 04, 2015

The Atlanta Fed third quarter GDPNow Forecast inched up today, primarily based on August motor vehicle sales.

Posted September 03, 2015

Bloomberg columnist Barry Ritholtz interviewed Paul McCulley, former chief economist at PIMCO, and often mentioned FOMC candidate on the Fed's performance.

Posted September 02, 2015

China manufacturing and services are both in contraction at the fastest rate since early 2009.

Posted September 01, 2015

The Chicago PMI reading came in just shy of the Bloomberg Econoday Estimate of 54.9.

Posted August 31, 2015

In the wake of reneging on major election promises, Greek prime minister Alexis Tsipras resigned and called for snap elections. He did so out of fear of losing a vote of confidence that would have forced the same result down the road.

Posted August 28, 2015

Reason TV had an excellent interview with Jim Grant, editor of Grant's Interest Rate Observer on the recent stock market turmoil. Grant says The Fed Turned the Stock Market Into a 'Hall of Mirrors'.

Posted August 27, 2015

Was the Surprise Devaluation and Currency War by China two weeks ago an economic tipping point?

Posted August 26, 2015

Mohamed El-Erian, former CEO of Pimco spoke with Bloomberg TV's Olivia Sterns and Alix Steel about the selloff in stocks and the implications for Fed policy.

Posted August 25, 2015

After futile attempts to prop up its stock market bubble, China stood back and did what it should have done in the first place: Let gravity take over.

Posted August 21, 2015

Crude prices are back to where they were in 2004. Before that, crude previously topped near $41 in September of 1990!

Posted August 20, 2015

The market still believes the Fed will hike rates in September or October. The CME's FedWatch Sees it like this.