Mike Shedlock

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.

Posted April 29, 2016

In Thursdays FOMC statement, the Fed made some useless noise about closely monitoring inflation.

Posted April 28, 2016

Those who thought the situation in Greece was solved after prime minister Alexis Tsipras suddenly caved in to creditors demands need think again.

Posted April 26, 2016

New home sales fell in March for the third consecutive month. Sales in the first quarter are up just 1.3% from the same quarter in 2015.

Posted April 25, 2016

Its rather amusing that Japan cannot destroy its currency even though it has tried, and tried and tried.

Posted April 22, 2016

Since 1st quarter of 2014, Ubers percentage of ground transportation business booked on Certify, the second-largest provider of expense software in North America, has soared from under 10% to 43%.

Posted April 21, 2016

Existing home sales bounced 5.1% from Februarys steep decline of 7.3%, originally reported as -7.1%.

Posted April 20, 2016

The Atlanta Fed GDPNow Forecast remained at +0.3% following recent economic reports.

Posted April 19, 2016

The Cass Freight Index, a Measure of North American Freight Volumes is up for the month of March but down once again on a year-over-year basis.

Posted April 15, 2016

Flation remains one of the key debates of the day.

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.

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