Mike Shedlock

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.

Posted July 09, 2014

Over 52,000 illegal immigrant kids and 39,000 families have been apprehended this year alone, flooding into the US primarily from Central American countries of Guatemala, El Salvador and Honduras.

Posted July 08, 2014

Let's take a look at disturbing aspects of censorship, in which thousands of references to people have virtually disappeared from the internet following an EU ruling on the "Right to Be Forgotten" in which individuals have the right to ask search engines to remove links with personal information about them.

Posted July 07, 2014

Here is a sentence at that heart of Noah's brain worm infection: "Massive torrents of Fed “money-printing” failed to budge prices; this fact directly cracked the central foundations of Austrian thought."

Posted July 06, 2014

One can compare seasonally-adjusted full-time employment this month to seasonally-adjusted full-time employment last month. Doing so shows a decline in full-time employment of 523,000!

Posted July 05, 2014

Most foreign "aid" isn't really "aid" but rather handouts to US corporations. Monsanto is a prime example of agricultural "aid".

Posted July 04, 2014

This month's job report showed a seasonally-adjusted decline in full-time employment of 523,000.

Posted July 03, 2014

Republicans and Democrats alike trumped up the meaning of Monday's 5-4 Supreme Court ruling