Mike Shedlock

Posted December 28, 2015

Illinois' unfunded liabilities have risen ten out of the last eleven years. The only exception was 2011. This was despite massive rallies in financial markets every year since 2009.

Posted December 24, 2015

In the wake of recent data, the 4th quarter GDPNow Forecast dipped to 1.3% from 1.9% on December 16.

Posted December 23, 2015

Existing homes sales plunged 10.5% this month which the NAR attributes to an initiative called "Know Before You Owe".

Posted December 18, 2015

Wednesday morning, Sam Zell, billionaire chairman at Equity Group Investments, spoke with Stephanie Ruhle and David Westin on Bloomberg's "GO" TV.

Posted December 17, 2015

Industrial production shocked to the downside this morning with a drop of 0.6%, the most in 3.5 years vs. an Econoday Consensus guess of -0.2%. Moreover, last month was revised lower, from -0.2% to -0.4%.

Posted December 11, 2015

The latest GMO Quarterly Report, released yesterday as a 26-page PDF, has some interesting charts and commentary on valuations, PEs, and a premium on US equities.

Posted December 10, 2015

Economists missed the wholesale trade report numbers by a mile. The Econoday Consensus Estimate for today's trade numbers was +0.2% in a range of 0.0% to 0.4%. The actual report (for October) came in at -0.1%.

Posted December 09, 2015

The Canadian dollar, affectionately known as the loonie because of a loon on the one dollar coin, has crashed vs. the US dollar.

Posted December 08, 2015

In the perverse central bank battle to defeat price deflation, the central banks are having a rough go of things.

Posted November 25, 2015

Economists expected manufacturing activity in the Richmond Fed region would bounce into positive territory this month.

Posted November 24, 2015

Home prices are nearly back to where they were before the crash. In some places, home prices are above where they were at the peak of the national boom.

Posted November 20, 2015

Anyone recall the logic in the 1960s and 1970s that suggested there were only 50 stocks one needed to look at, and those 50 stocks could never go wrong?

Posted November 19, 2015

On Monday, the Fed regional reports kicked off with the Empire State report, a survey of manufacturing conditions in the general New York region.

Posted November 12, 2015

The fight for a "living wage" of $15 per hour is raging the US.

Posted November 06, 2015

Shipping is a strong indication on the health or weakness of the global economy. So let's take a look at what's happening.

Posted November 05, 2015

On November 1, I noted Greek Banks Need 14 Billion Recapitalization Following Latest Stress-Free Tests.

Posted October 31, 2015

Reuters reports Ex-House Speaker Hastert Pleads Guilty in Hush-Money Case.

Posted October 29, 2015

In its Press Release following today's FOMC meeting, the Fed dropped all the references made last month about the softening global economy.

Posted October 27, 2015

Large US corporations posted their first decline in both earnings and sales since the great recession. Are we back in recession?

Posted October 21, 2015

Those expecting a big surge in seasonal hiring this year are likely to be wrong if outplacement firm Challenger, Gray & Christmas is correct.

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