Mike Shedlock

Posted January 31, 2015

In spite of promising that deflation would not hit again, here we are, and for the second month too.

Posted January 30, 2015

Inflationists claim that is a trend to oblivion. And actually it is. But it's a slow trend towards oblivion with intermittent disruptions as the following chart shows.

Posted January 29, 2015

I propose that after this relentless rally in home prices, the "new rules" are too risky. Low down payments would have made more sense actually at the bottom of the market, when standards tightened.

Posted January 28, 2015

The casualties continue to pile up in the wake of the Swiss National Bank dropping its peg to the euro.

Posted January 26, 2015

As late as last Friday polls expected New Democracy would lose but not get trounced.

Posted January 25, 2015

The problem with the global economy in general is debt. You cannot cure a debt-deflation problem via attempts to force more debt into the system. It is axiomatic the cure cannot be the same as the disease.

Posted January 24, 2015

In the wake of ECB's 60 billion a month QE madness (see "QE already Working" Says IMF Lagarde; Ho-Hum Details Announced; Gold the Place to Be), one might be wondering what it may do to European bond yields.

Posted January 23, 2015

Every Obama proposal is Dead-on-Arrival. Obama may as well fire a spaceship at the sun. The spaceship would melt long before it got there. Here's the deal: Like president Obama, the ECB is impotent.

Posted January 22, 2015

During the last dozen years or so, the only State of the Union Addresses I failed to watch were because I was on the road. On Tuesday, I purposely missed one.

Posted January 21, 2015

A Bloomberg editorial on what the ECB needs to do is rather amusing. The article headline, albeit true in and of itself, contradicts the body of the article.

Posted January 20, 2015

Yet, politically speaking in general, last minute undecided voters in elections (at least in in the US) tend to break strongly in one direction. I see no reason why Greece should be any different.

Posted January 18, 2015

Dimitrijevic grew assets over five crises, then lost it all on one bet, a recent one, speculating the wrong way on the Swiss Franc after Switzerland voted against a referendum on gold.

Posted January 17, 2015

Don't believe statements made by central bankers. They are not the economic wizards they are made out to be, and they often lie when it suits their purpose.

Posted January 16, 2015

In a surprise announcement, the Swiss National Bank abandoned its silly policy of defending a peg to the euro.

Posted January 15, 2015

So much for those allegedly strong Christmas sales. In fact, sales of nearly everything were down in the Yesterday's Commerce Department Retail Sales Report for December 2014.

Posted January 14, 2015

Since 2012-02-25, the price of crude is down from $128.40 to $46.81. That's a decline of 63.5%!

Posted January 13, 2015

Finally, someone called "central bank credibility" the biggest bubble. Let's take a look.

Posted January 12, 2015

Progress for Illinois democrats is tax hikes, followed by tax hikes, followed by more tax hikes simply to cover inane benefits of public unions while taxpayers and businesses flee the state.

Posted January 11, 2015

The new game in town appears to be "let the banks pass stress tests in public, fail them in private". Only 13 banks failed the stress tests to a total tune of 9.5 billion.

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