Mike Shedlock

Posted July 31, 2014

The article's "global warming" slant is of course ridiculous. Yet, the article does expose the hypocrisy of the Obama administration on that subject.

Posted July 30, 2014

In order to have credit card debt, one first must have credit. However, some without traditional credit show up as delinquent on account of late utility, medical, or other bills. The key general finding is: Of those with credit files, an astonishing 35% have debt in collections.

Posted July 29, 2014

Is the British pound overvalued? What about the Euro? The US Dollar? The Yen? Curiously, economists make that case for all of those currencies.

Posted July 28, 2014

Doudet's main charge is exceptionally poor service. It took numerous complaints to three sets of servers for Doudet to get drinks and an appetizer before her main course arrived.

Posted July 27, 2014

When it comes to the propaganda war, McCain and his primary war-mongering ally (none other than president Obama) are clearly winning! The only difference between the two is McCain is a far bigger war-monger than Obama.

Posted July 26, 2014

President Obama was beating the drums on Thursday in Los Angeles regarding corporate tax deserters, companies that move headquarters or tax shields to another country in order to escape high US tax rates.

Posted July 25, 2014

The first half of 2014 sported record junk bond purchases by investors thirsty for yield, no matter how absurd the bond covenants or how risky the investment.

Posted July 23, 2014

The U.S. Court of Appeals for the D.C. Circuit invalidated a major provision of Obamacare. However, just a few hours later, the Richmond Appeals Court ruled 3-0 the opposite way, citing pizza in its explanation.

Posted July 21, 2014

Posted July 19, 2014

Is China really growing at the reported 7.5% rate? I have frequently stated "no chance". Malinvestments in housing, vacant cities, vacant malls, and roads with no traffic prove the point.

Posted July 18, 2014

The spotlight on Fed Chair Janet Yellen is rather amusing given she is more disingenuous than former Chair Ben Bernanke.

Posted July 17, 2014

The US and Japan are both on the path of fiscal ruin. It appears highly likely Japan will get there first thanks to a big head start followed by Abenomics.

Posted July 16, 2014

The German economy may be decelerating too quick for comfort and faces a triple whammy from Asian rebalancing, the US economy, and a bad energy policy.

Posted July 15, 2014

Taxation at 0% would not only provide fairness for businesses, but they would come to the US instead of escaping from the US. How bad would that be?

Posted July 14, 2014

The Ukrainian army is about to retake Donetsk. They can take it quicker by brute force, or it may take weeks or months to starve it out.

Posted July 13, 2014

The Fed is not going to attempt a controlled collapse. Yet, a collapse is coming. It will be anything but controlled.

Posted July 12, 2014

A number of people commented the Fed cannot be so stupid as to think there is no asset bubble.

Posted July 11, 2014

Under "unfair competition" laws France has decided it is far better for consumers to pay full price for goods than to receive a discount.

Posted July 10, 2014

Real estate is well back in bubble territory in some places, notably California. It won't end any differently this time for the buyers, but at least banks will not be on the hook for all of the loans.

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