Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management. His blog Mish’s Global Economic Trend Analysis includes commentary every day of the week. Mike is also a contributing “professor” on Minyanville.
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Jan 9th, 2008 |
By Michael Shedlock |
Category: Macro Economics
ONE WAY BANKS HAVE OF ATTRACTING MONEY is by offering above market rates on CDs and savings accounts. With six-month treasuries yielding 3.2%, guaranteed rates of 5.0% on CDs or savings accounts will attract capital.
Such rates should not be government guaranteed but they are. Money will always flock to the ...
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Tags: BankUnited, Corus Bank, housing crisis, Pay Option ARM, S&L crisis, WaMu
Posted in Macro Economics |
2 comments
Dec 12th, 2007 |
By Michael Shedlock |
Category: Macro Economics
MORE PAIN FOR BANKS IS COMING, as Reuters reports that UBS writes down $10 billion:
“After advising for weeks there were no huge charges on the horizon, UBS stunned the market on Monday with the massive write-down, saying it had obtained a 13 billion Swiss franc ($11.52 billion) capital injection from ...
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Tags: bank troubles, banking failures, credit markets, us banking
Posted in Macro Economics |
No Comments »
Dec 7th, 2007 |
By Michael Shedlock |
Category: Emerging Markets, Gold
IF YOU ASKED PEOPLE TO LIST THEIR BEST INVESTMENTS since 2000, what percentage of them do you think would say gold or silver? Chances are, not many. Most would probably tell you about some technology stock that they happened to hold onto that has doubled or tripled in price from ...
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Tags: dollar depreciation, gold & silver stock, technology stocks
Posted in Emerging Markets, Gold |
No Comments »
Nov 26th, 2007 |
By Michael Shedlock |
Category: Macro Economics
TO BE SUCCESSFUL, YOU MUST PORTRAY AN IMAGE of success. One good way to appear successful is by appearing to be popular. The more in demand you seem, the more in demand you’ll be. This is true in many aspects in life and is evident in the stock market as ...
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Tags: buy backs, stock investment, stock market corruption
Posted in Macro Economics |
No Comments »
Nov 19th, 2007 |
By Michael Shedlock |
Category: Commodities
THERE WAS AN INTERESTING INTERVIEW with Alan Greenspan on Fox Business Network about housing, gold, and the lack of need for a central bank. It appears that Greenspan has plenty of reasons for why the housing bubbles worldwide ever started and are now bursting. This appears to be Greenspan’s new MO. He’s been traveling all ...
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Tags: greenspan, Housing bubble, housing crisis
Posted in Commodities |
No Comments »
Nov 13th, 2007 |
By Michael Shedlock |
Category: Oil
RECENTLY THE FINANCIAL TIMES PUBLISHED an article about Congress’ oversight when it comes to speculative trading in crude oil. Why would congress take an interest in speculating on crude oil but not when it comes to stocks, treasuries, or CDOs? Something doesn’t seem to match up here, so we’re going ...
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Tags: congress, congress speculating crude oil, speculating crude oil
Posted in Oil |
No Comments »
Oct 30th, 2007 |
By Michael Shedlock |
Category: Macro Economics
THE CREDIT CRUNCH THAT WE ARE EXPERIENCING right now seems to be in the front of everyone’s mind. Questions abound and solutions that actually stand a chance of working are hard to come by. A reader recently e-mailed me this question: "What prevents the Fed from sending every household $100,000?"
Just ...
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Tags: federal policies, government handouts, U.S. inflation
Posted in Macro Economics |
No Comments »
Oct 15th, 2007 |
By Michael Shedlock |
Category: Commodities
Subprime pollution from housing is rapidly spreading into so many areas now that inquiring minds may be asking, “What’s the next shoe to drop?” Let’s take a look at a few of the most promising ideas…
First is the rising credit card borrowing trends being seen in the wake of the ...
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Tags: commercial real estate, commerical real estate decline, housing crisis, mass layoffs, subprime mortgage collapse
Posted in Commodities |
No Comments »
Oct 10th, 2007 |
By Michael Shedlock |
Category: Macro Economics
William Poole, president of the Federal Reserve Bank of St. Louis, made a lengthy speech on Real Estate in the U.S. Economy. Skipping over the first few pages, let's turn our attention to a section called “Current Problems in Real Estate and Lessons Learned”:
“Current difficulties afflicting the real estate sector ...
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Tags: Federal Reserve, housing problems, real estate in the us economy, william poole
Posted in Macro Economics |
No Comments »
Oct 1st, 2007 |
By Michael Shedlock |
Category: Macro Economics
John Wasik, a Bloomberg columnist, is writing about how the “CPI’s Lie on Household Inflation Doesn’t Wash”:
“The U.S. consumer price index continues to be a testament to the art of economic spin.
“Since wages, Social Security cost-of-living increases, and some agency budgets are tied to it, the government has a vested ...
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Tags: aim high, consumer-led recession, fed financial policies
Posted in Macro Economics |
No Comments »
