Mike Shedlock

Posted April 14, 2016

In the wake of dismal retail sales numbers for March and inventories for February, the Atlanta Fed GDPNow Forecast rose to 0.2 percentage points to +0.3%.

Posted April 13, 2016

Italian banks have 360 Billion in non-performing loans. They have another Thanks to 180 Billion or so in troubled loans that are late just some of the time.

Posted April 12, 2016

There will not be a recession any time soon. I can cite ten reasons why.

Posted April 11, 2016

Wholesale inventories plunged 5% in the Census Bureau Wholesale Trade Report for February, released Friday.

Posted April 08, 2016

Those betting against Goldman Sachs retail investment advice have generally been on the right side of things.

Posted April 07, 2016

Heres the interesting set of questions from the Mish Mailbag summarized as follows: How Accurate and at What Cost is BLS Data? Why isnt there a private industry alternative?

Posted April 06, 2016

Following another set of weak economic reports, the Atlanta Fed GDPNow Modelfor first quarter US GDP sank 0.3 percentage points to 0.4%.

Posted April 05, 2016

Factory orders dove 1.7% in February as reported today by the US Census Bureau.

Posted April 01, 2016

How many P/E ratios are there? Let me count the ways.

Posted March 30, 2016

Despite overwhelming fears of deflation in Japan by economists, by the Bank of Japan, and by prime minister Shinz Abe, all of the preceding forgot to get the opinion of consumers.

Posted March 29, 2016

Those trumping up the notion consumer spending would pick up in the first quarter were in for a surprise today.

Posted March 28, 2016

The Wall Street Journal uses the term gig meaning an alternative work arrangement job.

Posted March 25, 2016

Japans dysfunctional bond market is not only inverted between three month and eight years, it also sports negative yields out to 10 years.

Posted March 24, 2016

Following last months dismal showing, new home sales rebounded pretty much in-line with estimates, with the Western region leading the way.

Posted March 23, 2016

When Atlanta Fed president Dennis Lockhart spoke yesterday of momentum, did he have advance notice of the Richmond Fed manufacturing data released Tuesday?

Posted March 22, 2016

Former Fed Chairman Alan Greenspan spoke with Tom Keene and Mike McKee for Bloomberg TV & Radio. He discussed the ramifications of negative interest rates, entitlement spending, and declining productivity.

Posted March 21, 2016

Axel Merk, President & CIO, Merk Investments LLC, pinged me on March 16 with his thoughts regarding Peak Dollar.

Posted March 18, 2016

On Tuesday, the Empire State manufacturing region returned to positive territory following seven months of contraction.

Posted March 17, 2016

Turning our focus back to the economy, there is no conceivable way the Fed will hike later today. The CPI is down, as is industrial production, and consumer spending.

Posted March 16, 2016

In response to Financial Wonderland: Reader Questions on Negative Rates and Money Heaven, several readers asked Why do banks park funds at the ECB for negative returns instead if simply keeping cash?


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