Mike Shedlock

Posted January 24, 2014

All five states at the bottom of the list have one thing in common: they got that way via "progressive" extreme-liberal politics, fueled by union activism, and promises that cannot possibly be met.

Posted January 23, 2014

Obamacare does not mandate healthcare coverage for part-time employees (defined as those working less than 30 hours a week). As a direct result, numerous retail stores including Trader Joe’s and Home Depot have already stopped offering healthcare plans to part-time workers.

Posted January 22, 2014

When Abenomics doesn't work, what is prime minister Abe likely to do? I believe the answer is what all Keynesian fools do: embark on still more printing and competitive currency debasement, coupled with still more fiscal stimulus, in a further foolish attempt to make such policies work.

Posted January 21, 2014

Highland Park, Michigan is on the brink of bankruptcy. There is no other realistic way out of the fiscal mess the city is in. As is typically the case, public union pensions are at the heart of the problem.

Posted January 20, 2014

In terms of long-term solvency (the most critical issue), New Jersey and Illinois are at the bottom of the heap. Pension plans and union activism are to blame.

Posted January 19, 2014

Greece could have defaulted in 2009 with perhaps a €40-50 billion mess to cleanup. In a foolish attempt to prevent contagion, the nannycrats turned a relatively small mess into major €325 billion problem, virtually assuring the contagion they set out to prevent.

Posted January 18, 2014

Obama says we need more "balance" between security and liberty. The president would "not dwell on Mr. Snowden’s actions or his motivations". I will.

Posted January 17, 2014

Are Sovereign bonds a major source of risk? One would think so. At least one should think so. Yet, just yesterday, the ECB whitewashed sovereign bonds as a no risk item.

Posted January 16, 2014

An interesting Gallup poll shows Government Itself Still Cited as Top U.S. Problem.

Posted January 15, 2014

Performance on 2013 origination is at record highs because of record low interest rates coupled with rising home values.

Posted January 14, 2014

In the wake of the Gold Flash Crash six days ago in which prices suddenly plunged then recovered, numerous people have been wondering "who is the culprit".

Posted January 13, 2014

This iw precisely the kind of war that Google hopes to avoid. And to avoid litigation fistfight wars, it instead engages in a more civil war of patent acquisition.

Posted January 12, 2014

Notice how closely in sync the household survey has been to the establishment survey in terms of average gains or losses. A divergence developed in 2013.

Posted January 11, 2014

Clearly, this is yet another bad report, with people dropping out of the labor force like mad. Amusingly, USA Today reports that "Paul Ashworth of Capital Economics says severe winter was the main culprit behind the disappointing job gains."

Posted January 10, 2014

In general, hyperinflationists ignored the credit aspect even though credit dwarfs money supply. Those screaming that hyperinflation is at hand, have missed the boat and will continue to do so for the foreseeable future. Another equity bubble bust is around the corner, and that bust will be anything but inflationary.

Posted January 09, 2014

Falling inflation is actually a good thing, but no one on the Fed sees things that way. Nor do any of the Fed governors see the enormous bubbles in stocks and corporate bonds they have created.

Posted January 08, 2014

Some initial users loved it, some hated it or grew to hate it, and some were bored with it after the initial excitement wore off. Still other users complained that people were suspicious of them while wearing Google Glass.

Posted January 07, 2014

In general, traders scream "manipulation" every time trades go against them. Perhaps some of them are. But traders never complain when trades spike heavily in their favor.

Posted January 06, 2014

At least under Hussein, religious freedom existed. It doesn't now. Chaldean Catholics are targeted and killed simply because they are Catholic.

Posted January 05, 2014

One thing we learned from the financial crisis in the US, and continued bank problems in Europe is the biggest portion of the mess is continually hidden


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