Mike Shedlock

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.

Posted March 01, 2015

Fourth quarter GDP was revised lower this week to 2.2 percent from 2.6 percent previously estimated.

Posted February 28, 2015

In 2006-2007 I called for a recession. We got a big one. I called for another one in 2011, as did the ECRI. That recession never happened. 50% is not a very good recession predicting track record , but consensus opinion is batting a perfect 0.00%

Posted February 27, 2015

Right-to-Work legislation is sweeping the Midwest. It's one of many reforms needed to makes states more competitive, reduce cost pressures on infrastructure projects, and hold down the necessity of tax hikes.

Posted February 25, 2015

Wal-Mart decided on its own accord it could not attract the quality of people it needs at $7.25. That says nothing about Costco or McDonald's.

Posted February 24, 2015

In what may be a first (otherwise an extreme rarity), a substantial force within a union has mobilized against a pay hike to $9.00 per hour from essentially nothing.

Posted February 23, 2015

On Friday, Prime Minister Alexis Tsipras backed down on nearly every promise made to the Greek electorate except one, to stay on the euro. After so much tough rhetoric, the question is why?

Posted February 21, 2015

If there's really a deal, then Greece bought time to speed up tax collections. In turn, that would strengthen its hand four months from now when this process starts all over.