Mike Shedlock

Posted April 16, 2015

Citibank's Global Chief Economist Willem Buiter is another in a line of economic idiots (sorry, but no other word is more accurate) who call for abolishing cash and taxing deposits. Read more at http://globaleconomicanalysis.blogspot.com/#MEkIuZLem0cRWD1B.99

Posted April 14, 2015

Greece is threatening to withhold payments to the IMF in in May and June. This time it does not sound like a bluff. And if it's not a bluff, we will finally know precisely when midnight occurs.

Posted April 10, 2015

I received many questions and comments regarding Obama's Trans-Pacific Partnership Fiasco vs. Mish's Proposed Free Trade Alternative. While most do see Obama's Trans-Pacific Partnership (TPP) as a fiasco, many question my alternative proposal.

Posted April 09, 2015

In response to Republican questioning on monetary policy and employment, Bernanke replied the Fed Already Follows Policy Rule.

Posted April 08, 2015

Reader Richard asked me to comment on Obama's Trans-Pacific Partnership (TPP) proposal.

Posted April 07, 2015

Futures were negative following Friday's dismal job showing but that lasted only as long as the the market open.

Posted April 05, 2015

April 9th was one of the critical dates by which Greece was said to be out of cash. By now most expect these kinds of deadlines to come and go in belief the eurozone hat has an endless supply of rabbits.

Posted April 03, 2015

Inquiring minds are investigating the Commerce Department report on International Trade in Goods and Services for February 2015, for clues about first quarter GDP.

Posted April 02, 2015

I have long railed against fractional reserve lending, duration mismatches (e.g. banks issuing 2-year CDs and lending money for 15-year mortgages), bank's ability to lend money into existence, and deposit insurance.

Posted April 01, 2015

The string of bad data reports not only applies to the US, economists up North appear to be no better at predicting the weather than US economists.

Posted March 31, 2015

CoreLogic chief economist Dr. Frank Nothaft says Strong Economic Growth To Propel US Housing Market in 2015.

Posted March 29, 2015

Of S&P 500 companies providing first-quarter outlooks, MarketWatch reports 84% have been negative as Profit Warnings Pile Up.

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.