Mike Shedlock

Posted June 30, 2015

Eurozone leaders are pouring it on thick again today with warning after warning.

Posted June 26, 2015

Consumers came to life in May, as expected by the Bloomberg Econoday Consensus Estimate.

Posted June 25, 2015

In the durable goods May forecast, the Bloomberg Consensus Economist's Estimate was well off the mark.

Posted June 22, 2015

The NPR claims the most common job in 29 of 50 US states is truck driving.

Posted June 19, 2015

The mad dash and perhaps last dash for euros in Greece is on. Some will undoubtedly be frozen out as soon as the ECB halts emergency liquidity assistance (ELA) to Greek Banks.

Posted June 16, 2015

Following the rebound in consumer spending (heavily weighted to subprime auto sales), economists expected a rebound in Industrial Production.

Posted June 12, 2015

Economists got one right for a change. Retail sales bounced 1.2% led by autos vs. the Bloomberg Consensus Estimate of 1.3%.

Posted June 10, 2015

The Volcker Alliance, founded by former Fed chairman Paul Volcker has sounded an alarm over budget gimmicks. The alliance seeks Truth and Integrity in State Budgeting.

Posted June 04, 2015

Investors in general do not give a rat's ass about gold.

Posted May 31, 2015

A number of articles now circulating are all based on a 2013 study The Future of Employment: How Susceptible are Jobs to Computerization?

Posted May 27, 2015

Last month, new home sales fell a very steep 11.4 percent to a 481,000 annual rate. Given the volatile nature of this series one might have expected a bounce in May and sure enough we got one, albeit not enough to wipe out April's dismal performance.

Posted May 23, 2015

Inquiring minds are reading Fed Chair Janet Yellen's Outlook for the Economy speech, delivered today at the Providence, Rhode Island Chamber of Commerce.

Posted May 22, 2015

Economists overestimated existing home sales on Thursday, rounding out another impressive day of overoptimism.

Posted May 21, 2015

In yet another triumph of stupidity over common sense, a triumph that is sure to cost jobs, slow growth, and encourage more robotic replacement of workers, Los Angeles' Minimum Wage on Track to go up to $15 by 2020.

Posted May 19, 2015

Economists have bought into the transitory soft patch thesis of the Fed, hook line and sinker. Please consider Economists Forecast: Here We Grow Again.

Posted May 15, 2015

The Fed is struggling like mad to produce inflation, with little success on some fronts. Of course the Fed ignores asset bubbles in its measures.

Posted May 14, 2015

Economists were surprised by the dismal retail sales report this morning. That's not surprising because economists are nearly always surprised.

Posted May 13, 2015

Greece said it would make its payment to the IMF on time and it did, one day early in fact. How?

Posted May 07, 2015

Wednesday's BLS release on Productivity and Costs shows a back-to-back decline in productivity accompanied with rising wages. Productivity is up year-over year, but barely, at 0.6%.

Posted May 06, 2015

I had a lot of fun yesterday morning on CNBC.