Mike Shedlock

Posted January 05, 2015

There is not one thing in Obamacare that increases competition or reduces overall costs. Obamacare did not even lift the ban on drug imports so US taxpayers effectively subsidize the entire rest of the world.

Posted January 04, 2015

The eurozone debt problem is going to explode, and whether or not it becomes "Lehman Squared" depends on the response.

Posted January 03, 2015

French economist Thomas Piketty, author of the surprise best-selling Capital in the 21st Century turned down France's top award, the Legion D'Honneur.

Posted January 02, 2015

Admittedly it's too early to make any predictions, but Real Clear Politics shows Clinton beating Bush, Cruz, Paul, Huckabee, Christie, and Ryan, all by substantial margins.

Posted January 01, 2015

Proponents of the single-payer healthcare idea who tout the idea such a system will save money need only look at Vermont to see reality.

Posted December 31, 2014

Those looking for hyperinflation can find it in Venezuela. Here's the question of the day: How bad is Venezuelan inflation and how bad can it get?

Posted December 30, 2014

Access to Gmail in China was difficult, but not impossible. Workarounds included Outlook, Apple Mail, and third-party Gmail hosts. But, starting last Friday, the "Great Firewall" became nearly impenetrable

Posted December 29, 2014

The 55 billion debt increase announced Friday is the same as last year, but is 8 billion superior to that which was announced last September.

Posted December 28, 2014

Although US and EU sanctions make it difficult for Russian companies to obtain financing, and although the Russian banking system is a mess, sovereign default will only occur if Russia cannot meet its foreign debt obligations.

Posted December 27, 2014

In Russia, the overnight lending rates between banks has soared to 19%, a sign of widespread and warranted mistrust between banks, as one bank has failed.

Posted December 26, 2014

States like Illinois and New York continue to lose population to warmer places like Texas and Florida. Heck, Illinois tax policy is so bad, it has lost population to Indiana and Wisconsin.

Posted December 25, 2014

Economic illiteracy has absolutely no bounds. The top example of the day comes from Belarus.

Posted December 24, 2014

States like Illinois and New York continue to lose population to warmer places like Texas and Florida. Heck, Illinois tax policy is so bad, it has lost population to Indiana and Wisconsin.

Posted December 23, 2014

Under a new set of family insolvency laws in Spain, those who have stopped paying their mortgage will be shielded from eviction from their homes.

Posted December 22, 2014

Are US shale frackers really to blame for the price crash?

Posted December 21, 2014

In this case it appears the source of this misrepresentation was Business Insider who also got the story amazingly wrong.

Posted December 20, 2014

In theory, break-even rates reflect investors expectations for inflation over the life of the securities.

Posted December 18, 2014

Pundits poring over the statement have generally concluded as does the Financial Times, that Fed Signals Tightening by Mid-2015. Why?

Posted December 17, 2014

If one looked at the open vs. the close the move was only 3.18%. However, the move bottom to top was 25.64%!

Posted December 16, 2014

The city of Scranton hiked property taxes 57% and garbage collection fees 69% to shore up a police and fire pension funds that will run out of money anyway, in 5 years and 2.5 years respectively.