Mike Shedlock

Posted September 01, 2015

The Chicago PMI reading came in just shy of the Bloomberg Econoday Estimate of 54.9.

Posted August 31, 2015

In the wake of reneging on major election promises, Greek prime minister Alexis Tsipras resigned and called for snap elections. He did so out of fear of losing a vote of confidence that would have forced the same result down the road.

Posted August 28, 2015

Reason TV had an excellent interview with Jim Grant, editor of Grant's Interest Rate Observer on the recent stock market turmoil. Grant says The Fed Turned the Stock Market Into a 'Hall of Mirrors'.

Posted August 27, 2015

Was the Surprise Devaluation and Currency War by China two weeks ago an economic tipping point?

Posted August 26, 2015

Mohamed El-Erian, former CEO of Pimco spoke with Bloomberg TV's Olivia Sterns and Alix Steel about the selloff in stocks and the implications for Fed policy.

Posted August 25, 2015

After futile attempts to prop up its stock market bubble, China stood back and did what it should have done in the first place: Let gravity take over.

Posted August 21, 2015

Crude prices are back to where they were in 2004. Before that, crude previously topped near $41 in September of 1990!

Posted August 20, 2015

The market still believes the Fed will hike rates in September or October. The CME's FedWatch Sees it like this.

Posted August 18, 2015

Last month, the Empire State Manufacturing report eked out a small gain, giving economists grounds for optimism in the manufacturing sector.

Posted August 14, 2015

Retail sales, led once again by autos, beat the Bloomberg Economic Consensus. In addition, prior revisions were all higher.

Posted August 13, 2015

The Financial Times reports Memo Reveals Extent of Control Bailout Monitors Will Have on Greece.

Posted August 12, 2015

Economists in general, but especially those at the Fed, continue to state a belief that the current economic weakness is transitory.

Posted August 11, 2015

In reaching a deal with Greece, Germany is the last remaining holdout.

Posted August 10, 2015

In addition to bubble-busting events in real estate and the Chinese stock market, China now has to deal a plunge in exports.

Posted August 04, 2015

On July 24, the Conference Board asked the question: Is Wage Growth Accelerating?

Posted July 30, 2015

Economists were shocked by the plunge in the Conference Board Consumer Confidence Index Wednesday morning, well below the any economist's guess in Bloomberg's Econoday Forecast.

Posted July 28, 2015

The crash in Chinese stocks continued today following a respite last week.

Posted July 24, 2015

Weekly initial unemployment claims fell to the Lowest level Since 1973, perhaps distorted by auto retooling summer shutdowns, or lack thereof.

Posted July 23, 2015

From mid-2012 until the beginning of 2014, US treasuries were in a steep decline (yield rising) in expectations of Fed rate hikes that never came.

Posted July 21, 2015

In spite of the fact that Uber is the most banned company in the world, it thrives for one simple reason: People like it, especially business travelers and millennials, even if politicians don't.