Contents Pages by Subject

Economy - Economics USA

Subject Photo
Article Image

MISH: Global Economic Analysis

Fed President William Poole in ref to the housing collapse said "There is no new lesson here". Poole is wrong because he does not understand what the problem is. The problem is a conflict of interest by the rating agencies in conjunction wi

News Link • Global Reported By Mike Shedlock
Article Image

MISH: Global Economic Analysis

The Wall Street Journal took a poll that claimed Republicans grow skeptical of Free Trade. Unfortunately, the poll questions were so biased as to be useless. Nonetheless the WSJ is probably right. Candidates from both parties are taking shots at free

Article Image

MISH: Global Economic Analysis

There have been 3 consecutive months of fewer import containers y-o-y. The biggest decline was at the Port of LA, the largest port for goods from China. With that backdrop it should not be surprising that US retail sales in Sept rose at the slowest p

News Link • Global Reported By Mike Shedlock
Article Image

MISH: Global Economic Analysis

Portland's condo demand once appeared insatiable. Now, shelved projects and stalled construction dot the city. "No reason to panic" say real estate insiders. Portland is immune from the downturn. The same thing was said about Florida. W

News Link • Global Reported By Mike Shedlock
Article Image

MISH: Global Economic Analysis

The September jobs report was weak but certainly not a disaster. The baseline number was +110,000 but 37,000 of those were govt jobs. In addition 33,000 goods producing jobs were lost. 18,000 of those were manufacturing. With this jobs report the Fed

News Link • Global Reported By Mike Shedlock
Article Image

MISH: Global Econmic Analysis

The key to what happens at the October FOMC meeting is likely to depend on jobs. But Bernanke has a penchant for throwing "surprise parties". Can he surprise again over concerns about the dollar or simply to try and show he is not beholden

News Link • Global Reported By Mike Shedlock
Article Image

MISH: Global Economic Analysis

The best way to not drown in debt is to live well within your means. The #1 rule is don't buy stuff you cannot afford. Think twice about that SUV. Have a Years' Worth of Living Expenses in Cash to protect against loss of a job. Cash is not tr

News Link • Global Reported By Mike Shedlock
Article Image

MISH: Global Economic Analysis

The cost of living is rising so analysts are telling people to Aim High in their investments to compensate. This is just what the Fed wants everyone to do to avoid a recession. Herding behavior (the greater fool theory) is massively in play. Aim High

News Link • Global Reported By Mike Shedlock
Article Image

MISH: Global Economic Analysis

The IRS has setup a website to help people with foreclosures. That should be enough to tell anyone what the trend is expected to be. The new Tax Forgiveness bill has some interesting provisions related to home rentals, even room rentals. The net effe

News Link • Global Reported By Mike Shedlock
Article Image

MISH: Global Economic Analysis

British banks are gorging on cheap credit by the ECB, fearing stock market punishment if the UK press finds out they borrowed money from the BOE. This has an interesting side effect of providing support to the British pound when arguably it should be

News Link • Global Reported By Mike Shedlock
Article Image

MISH: Global Economic Analysis

The House passed the Mortgage Forgiveness Debt Relief Act of 2007. The NAHB, NAR, and MBA all lined up in support. But unseen consequences of the bill may make them think twice in years to come. Legislation piles on top of legislation. Instead, the e

News Link • Global Reported By Mike Shedlock
AzureStandard