Mike Shedlock

Posted October 01, 2014

Reader Mike wonders how interest can ever be repaid in a credit-based economy.

Posted September 30, 2014

The alleged recovery in Spain is already over. Retail sales are down month-over-month and year-over-year in July. August and September are both projected to be weak.

Posted September 29, 2014

Nation building by outsiders does not work, ever. Results are especially bad when outside forces haphazardly piece together nations to suit political whims.

Posted September 28, 2014

The socialists ruined France and Italy. And the Euro which was supposed to be a uniter has been anything but.

Posted September 27, 2014

Here's the question of the day: Does GDP stand for Gross Domestic Product or Grossly Distorted Procedures? One of the reasons I ask is the latest push by countries to include prostitution and drugs sales in GDP calculations.

Posted September 26, 2014

With housing prices still rising, albeit more slowly, inquiring minds might be wondering about "Real" interest rates and the "Real" CPI?

Posted September 25, 2014

The out-of-the-blue excuses countries come up with for not making budget deficit targets are rather amusing.

Posted September 24, 2014

There are lots of reasons why your health care plan may have been cancelled but this one is arguably the most bizarre.

Posted September 23, 2014

With cash-paying investors on full retreat, existing home sales dropped 1.8% in August, according to the National Association of Realtors.

Posted September 22, 2014

Arrogance cost former French president Nicolas Sarkozy the election in 2012. What's changed? Nothing.

Posted September 21, 2014

The French protest underscores the stupidity of sanctions. No one wins. Russia does not get fruits and vegetables, but European growers lose income.

Posted September 20, 2014

A Fiscal Times, Yahoo Finance article by by John Grgurich claims that Instead of QE, Fed Could Have Given $56,000 to Every Household in America.

Posted September 19, 2014

Following on the "success" of their last plan, which did nothing to spur lending and everything to create the biggest sovereign bond bubble the world has ever seen, ECB president Mario Draghi announced a a brand new failure...

Posted September 18, 2014

In yet another sign of market over-exuberance, the Wall Street Journal reports Share Repurchases Are at Fastest Clip Since Financial Crisis.

Posted September 17, 2014

In spite of the fact the Socialist party holds a majority of just 1 in the 577-seat lower house, French prime minister Manual Valls hopes to stabilize things with a Second No Confidence Vote in Six Months.

Posted September 16, 2014

A Barclays' survey of over 2,000 individuals with a net worth over $1.5 billion contains some pretty interesting results.

Posted September 15, 2014

In a Scottish Poll Roundup one new poll over the weekend shows the "Yes" vote with a substantial 54-46 lead, but most polls show the "No" vote with a tiny lead.

Posted September 14, 2014

Malinvestment is already rampant. Additional stimulus now to meet arbitrary growth targets will cause a crash later.

Posted September 13, 2014

Fearmongering in Scotland hits fever pitch as RBS and four other banks threaten to leave the country if Scotland votes "Yes" for independence.

Posted September 12, 2014

A recent poll showed support for a "Yes" vote for Scotland independence went into the lead for the first time, overcoming a 20 percentage-point deficit.