Mike Shedlock

Posted March 27, 2015

Many market watchers have their eye on jobs and the unemployment rate as the determinant of when the Fed will hike.

Posted March 26, 2015

The durable goods report for February was released on Wednesday. It was another disaster in a long line of weak economic reports. And once again economists missed their optimistic estimates by a mile.

Posted March 25, 2015

Mario Draghi Hit Back at QE Hawks and denied the ECB was blackmailing Greece.

Posted March 23, 2015

Destabilizing war drill exercises from both NATO and Russia are the order of the day. The more the drills, the more like one side or the other is going to make a major mistake.

Posted March 21, 2015

Although the Fed removed the word "patient", the rest of Yellen's yap could not possibly have been any more dovish.

Posted March 19, 2015

Inflation as measured by asset prices is rampant. Inflation as measured by the Fed is actually negative.

Posted March 18, 2015

The totally useless and always late to the party, Christine Lagarde, just now warns of Emerging Markets Instability.

Posted March 15, 2015

Streetcars make no economic sense, and they haven't since 1940. And with driverless cars five years away, Detroit ought to be looking forward, not back.

Posted March 14, 2015

It's amusing watching all the GDP forecast downgrades in the wake of huge string of bad economic data reports, one after another.

Posted March 13, 2015

Retail sales were down for the third month today. The Economists Blame Cold Weather.

Posted March 12, 2015

Check out the arrogance of union worker, Stephen Soares, from a Facebook comment regarding the New Hampshire Union Leader article...

Posted March 11, 2015

In the history of the wholesale trade series dating back to 1993, the only time sales have gone negative year-over-year was when the economy was in recession.

Posted March 10, 2015

Before this madness ends we could easily see negative yields all the way out to 10 years or beyond. Somehow this madness is supposed to inspire confidence. I suggest it won't.

Posted March 08, 2015

Grads who land a job should also take a look at the second set of tips. It's easy to find yourself out of a job for any number of reasons.

Posted March 07, 2015

Once again we see the pattern of a strong establishment survey but a poor household survey. The latter varies more widely, and the tendency is for one to catch up to the other, over time. The question, as always, is which way?

Posted March 06, 2015

Extending the longest streak since the 2008-2009 recession, Factory Orders Unexpectedly Decline for a 6th Month.

Posted March 05, 2015

Given that a key campaign pledge of Syriza was no more bailouts, and given the other lies by Spanish officials for political purposes, I think we know who's lying and why.

Posted March 04, 2015

Is the Chicago pension system so messed up and union work rules so entrenched the only way to change either of them is bankruptcy? I think so.

Posted March 03, 2015

Illinois gets the blue ribbon for being the lowest-rated state. However, credit raters differ on Chicago.

Posted March 02, 2015

To add insult to injury, Chicago may owe Wall Street $58 million after Moodys rating cut.