Mike Shedlock

Posted June 08, 2016

Wages are up and output per hour is down. Is this the magic mix for what ails the economy?

Posted June 07, 2016

In the wake of amusing calls by various Fed presidents about impending rate hikes, Curve Watchers Anonymous has received numerous questions about the US treasury bull market.

Posted June 06, 2016

The Markit U.S. Services PMI final data shows a weaker rise in service sector business activity in May.

Posted June 03, 2016

According to the Wall Street Journal auto sales in April were down.

Posted June 02, 2016

March construction spending was revised from from a prior reported 0.3% to 1.5%, but the good news stops there. April construction spending declined a whopping 1.8%, the most since January 2011.

Posted May 30, 2016

US first quarter GDP was revised up 0.3 percentage points this morning to a seasonally adjusted annualized rate of 0.8 percent. The Bloomberg Econoday consensus was a bit more at 0.9% in a range of 0.5% to 1.1%.

Posted May 27, 2016

This past week I was interviewed by James Stafford at Oilprice.com.

Posted May 26, 2016

Whats the real populist risk: Donald Trump and Nigel Farage?

Posted May 25, 2016

Household debt for the first quarter of 2016 is up $136 billion.

Posted May 20, 2016

Whether the economy is in recession remains to be seen, but the manufacturing recession continues without a doubt.

Posted May 19, 2016

Not satisfied with economic distortions resulting from the redefinition of full-time employment to 30 hours for Obamacare purposes but 32 hours for every other purpose, President Obama is back at it.

Posted May 18, 2016

The Atlanta Fed updated its GDPNow forecast following todays housing and CPI reports.

Posted May 17, 2016

The Empire State Manufacturing Index crashed to -9.02 after a brief two-month rally.

Posted May 16, 2016

In direct response to higher wage prices and the firming of commodity prices, Wendys is going to install self-service ordering kiosks at 6,000 locations. McDonalds is expected to follow at a slower pace.

Posted May 13, 2016

Retail department store sales are in a funk.

Posted May 11, 2016

Wholesale sales numbers bounced a hefty 0.7% but the internals look pretty weak.

Posted May 06, 2016

For those still wondering why the global economy is struggling, the simple answer is Its the debt, stupid.

Posted May 05, 2016

There was a slew of economic reports out today, and despite the fact that on the surface the reports seemed mildly positive for GDP, the GDPNow Model sees things otherwise.

Posted May 04, 2016

With the exception of emerging market countries in trouble like Brazil and Russia, and complete hyperinflation basket cases like Venezuela, can anyone name a central bank that genuinely wants a stronger currency?

Posted May 03, 2016

The word of the day is stagnation.


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