Saturday , October 21 2017
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Mike Shedlock

Mike Shedlock

Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Articles by Mike Shedlock

MishTalk Website Moving to New Domain: Welcome to the Maven Group

10 days ago

A few months ago I was invited to move my website to TheMaven.Net/Mishtalk.
Giving up control of a domain is not an easy decision.
I did so because I like the Maven Team. I believe they will better promote the “Mish” brand than I can personally.
Maven Team
James Heckman / Founder and CEO – Background: Head of Global Media Strategy for Yahoo!; Chief Strategy Officer at Fox Digital; architected a $900 million ad alliance between Google and Myspace; founder/CEO of 5to1.com (sold to Yahoo!); CSO of Zazzle.com; Founder/CEO of Scout.com (sold to Fox); Founder/CEO of Rivals.com and Rivals.net (sold to Yahoo!)
Josh Jacobs / Executive Co-Chair – Background: President of services at Kik Interactive, one of the world’s largest messaging apps; global CEO of Accuen Media;

Read More »

MishTalk Website Moving to New Domain: Welcome to the Maven Group

10 days ago

A few months ago I was invited to move my website to TheMaven.Net/Mishtalk.
Giving up control of a domain is not an easy decision.
I did so because I like the Maven Team. I believe they will better promote the “Mish” brand than I can personally.
Maven Team
James Heckman / Founder and CEO – Background: Head of Global Media Strategy for Yahoo!; Chief Strategy Officer at Fox Digital; architected a $900 million ad alliance between Google and Myspace; founder/CEO of 5to1.com (sold to Yahoo!); CSO of Zazzle.com; Founder/CEO of Scout.com (sold to Fox); Founder/CEO of Rivals.com and Rivals.net (sold to Yahoo!)
Josh Jacobs / Executive Co-Chair – Background: President of services at Kik Interactive, one of the world’s largest messaging apps; global CEO of Accuen Media;

Read More »

MishTalk Website Moving to New Domain: Welcome to the Maven Group

10 days ago

A few months ago I was invited to move my website to TheMaven.Net/Mishtalk.
Giving up control of a domain is not an easy decision.
I did so because I like the Maven Team. I believe they will better promote the “Mish” brand than I can personally.
Maven Team
James Heckman / Founder and CEO – Background: Head of Global Media Strategy for Yahoo!; Chief Strategy Officer at Fox Digital; architected a $900 million ad alliance between Google and Myspace; founder/CEO of 5to1.com (sold to Yahoo!); CSO of Zazzle.com; Founder/CEO of Scout.com (sold to Fox); Founder/CEO of Rivals.com and Rivals.net (sold to Yahoo!)
Josh Jacobs / Executive Co-Chair – Background: President of services at Kik Interactive, one of the world’s largest messaging apps; global CEO of Accuen Media;

Read More »

Rajoy Boxed In With Losing Options: Catalonia Suspends Independence Declaration, Posts Guards at Parliament, Seeks Mediation

11 days ago

The Catalan parliament met Tuesday afternoon. Catalonia president Carles Puigdemont asked parliament to suspend the effects of Catalonia voting “yes” for independence to hold talks with Spain.
However, Puigdemont still maintains the legality of the October 1 referendum in Catalonia, stating Catalans had “won their right to become an independent country.”
For now, Puigdemont seeks dialogue with Madrid.

Catalonia Suspends Declaration of Independence
The Independent reports Catalonia Suspends Declaration of Independence From Spain
The Catalan government has said it is suspending its declaration of independence from Spain and wants to de-escalate the tension in the country.
Premier Carles Puigdemont made the announcement in a highly-anticipated speech to the

Read More »

Rajoy Boxed In With Losing Options: Catalonia Suspends Independence Declaration, Posts Guards at Parliament, Seeks Mediation

11 days ago

The Catalan parliament met Tuesday afternoon. Catalonia president Carles Puigdemont asked parliament to suspend the effects of Catalonia voting “yes” for independence to hold talks with Spain.
However, Puigdemont still maintains the legality of the October 1 referendum in Catalonia, stating Catalans had “won their right to become an independent country.”
For now, Puigdemont seeks dialogue with Madrid.

Catalonia Suspends Declaration of Independence
The Independent reports Catalonia Suspends Declaration of Independence From Spain
The Catalan government has said it is suspending its declaration of independence from Spain and wants to de-escalate the tension in the country.
Premier Carles Puigdemont made the announcement in a highly-anticipated speech to the

Read More »

Rajoy Boxed In With Losing Options: Catalonia Suspends Independence Declaration, Posts Guards at Parliament, Seeks Mediation

11 days ago

The Catalan parliament met Tuesday afternoon. Catalonia president Carles Puigdemont asked parliament to suspend the effects of Catalonia voting “yes” for independence to hold talks with Spain.
However, Puigdemont still maintains the legality of the October 1 referendum in Catalonia, stating Catalans had “won their right to become an independent country.”
For now, Puigdemont seeks dialogue with Madrid.

Catalonia Suspends Declaration of Independence
The Independent reports Catalonia Suspends Declaration of Independence From Spain
The Catalan government has said it is suspending its declaration of independence from Spain and wants to de-escalate the tension in the country.
Premier Carles Puigdemont made the announcement in a highly-anticipated speech to the

Read More »

Fires Ravage 100,000 Acres in Sonoma, Napa, Yuba, Counties: Neighborhoods and Wineries Wiped Out

11 days ago

At least 13 people were killed and scores hospitalized for smoke inhalation in multiple fires in Sonoma, Napa, and Yuba counties. Thousands of homes were destroyed and many wineries were wiped out.
The biggest blaze is called the Tubba fire. It destroyed 27,000 acres in Sonoma county.
There are numerous reports of looting and Governor Jerry Brown declared a state of emergency.

Widespread Devastation
Images show the Widespread Devastation caused by California’s deadly wine-country fires.
Fast-moving wildfires caused widespread destruction across Northern California’s wine country as flames engulfed multiple counties and raged across more than 100,000 acres, forcing mandatory evacuations and prompting California’s governor to declare a state of emergency.
Jonathan

Read More »

Fires Ravage 100,000 Acres in Sonoma, Napa, Yuba, Counties: Neighborhoods and Wineries Wiped Out

11 days ago

At least 13 people were killed and scores hospitalized for smoke inhalation in multiple fires in Sonoma, Napa, and Yuba counties. Thousands of homes were destroyed and many wineries were wiped out.
The biggest blaze is called the Tubba fire. It destroyed 27,000 acres in Sonoma county.
There are numerous reports of looting and Governor Jerry Brown declared a state of emergency.

Widespread Devastation
Images show the Widespread Devastation caused by California’s deadly wine-country fires.
Fast-moving wildfires caused widespread destruction across Northern California’s wine country as flames engulfed multiple counties and raged across more than 100,000 acres, forcing mandatory evacuations and prompting California’s governor to declare a state of emergency.
Jonathan

Read More »

Fires Ravage 100,000 Acres in Sonoma, Napa, Yuba, Counties: Neighborhoods and Wineries Wiped Out

11 days ago

At least 13 people were killed and scores hospitalized for smoke inhalation in multiple fires in Sonoma, Napa, and Yuba counties. Thousands of homes were destroyed and many wineries were wiped out.
The biggest blaze is called the Tubba fire. It destroyed 27,000 acres in Sonoma county.
There are numerous reports of looting and Governor Jerry Brown declared a state of emergency.

Widespread Devastation
Images show the Widespread Devastation caused by California’s deadly wine-country fires.
Fast-moving wildfires caused widespread destruction across Northern California’s wine country as flames engulfed multiple counties and raged across more than 100,000 acres, forcing mandatory evacuations and prompting California’s governor to declare a state of emergency.
Jonathan

Read More »

Advertisers’ Dilemma: Figuring Out How to Target Millennials, Now the Largest Demographic

11 days ago

Millennials are now the largest age group but retailers and advertisers in general haven’t quite figured out how to reach them.
Millennials are not as interested in drills, machine shop workbenches, gardening, and any number of do-it-yourself items as their boomer parents.
Why should they be? Home ownership is far lower and their boomer parents did not have mountains of student debt. So what’s an advertiser to do?

The Wall Street Journal reports America’s Retailers Have a New Target Customer: The 26-Year-Old Millennial.
The Scotts Miracle-Gro Co. has started offering gardening lessons for young homeowners that cover basic tips—really, really basic—like making sure sunlight can reach plants.
“These are simple things we wouldn’t have really thought to do or needed

Read More »

Advertisers’ Dilemma: Figuring Out How to Target Millennials, Now the Largest Demographic

11 days ago

Millennials are now the largest age group but retailers and advertisers in general haven’t quite figured out how to reach them.
Millennials are not as interested in drills, machine shop workbenches, gardening, and any number of do-it-yourself items as their boomer parents.
Why should they be? Home ownership is far lower and their boomer parents did not have mountains of student debt. So what’s an advertiser to do?

The Wall Street Journal reports America’s Retailers Have a New Target Customer: The 26-Year-Old Millennial.
The Scotts Miracle-Gro Co. has started offering gardening lessons for young homeowners that cover basic tips—really, really basic—like making sure sunlight can reach plants.
“These are simple things we wouldn’t have really thought to do or needed

Read More »

Advertisers’ Dilemma: Figuring Out How to Target Millennials, Now the Largest Demographic

11 days ago

Millennials are now the largest age group but retailers and advertisers in general haven’t quite figured out how to reach them.
Millennials are not as interested in drills, machine shop workbenches, gardening, and any number of do-it-yourself items as their boomer parents.
Why should they be? Home ownership is far lower and their boomer parents did not have mountains of student debt. So what’s an advertiser to do?

The Wall Street Journal reports America’s Retailers Have a New Target Customer: The 26-Year-Old Millennial.
The Scotts Miracle-Gro Co. has started offering gardening lessons for young homeowners that cover basic tips—really, really basic—like making sure sunlight can reach plants.
“These are simple things we wouldn’t have really thought to do or needed

Read More »

Volatility Nowhere in Sight: VIX Posts Record Low Quarter

11 days ago

Is this the calm before the storm or has the Fed managed to crush volatility forever?
The Wall Street Journal reports VIX Just Finished Its Calmest Quarter Ever.
Market volatility is nowhere in sight as the final stretch of 2017 kicks off.
The CBOE Volatility Index, or VIX, just finished its calmest quarter in history, averaging just 10.94 over the past three months.
The gauge has fallen for three consecutive quarters, its longest streak of declines since 2011, according to the Journal’s Market Data Group. The VIX uses options prices on the S&P 500 index to produce a measure of expected stock swings over the next month. It tends to fall when stocks are rising, and vice versa.
But the absence of volatility hasn’t tapered volatility trading itself. Even as the gauge

Read More »

Volatility Nowhere in Sight: VIX Posts Record Low Quarter

11 days ago

Is this the calm before the storm or has the Fed managed to crush volatility forever?
The Wall Street Journal reports VIX Just Finished Its Calmest Quarter Ever.
Market volatility is nowhere in sight as the final stretch of 2017 kicks off.
The CBOE Volatility Index, or VIX, just finished its calmest quarter in history, averaging just 10.94 over the past three months.
The gauge has fallen for three consecutive quarters, its longest streak of declines since 2011, according to the Journal’s Market Data Group. The VIX uses options prices on the S&P 500 index to produce a measure of expected stock swings over the next month. It tends to fall when stocks are rising, and vice versa.
But the absence of volatility hasn’t tapered volatility trading itself. Even as the gauge

Read More »

Volatility Nowhere in Sight: VIX Posts Record Low Quarter

11 days ago

Is this the calm before the storm or has the Fed managed to crush volatility forever?
The Wall Street Journal reports VIX Just Finished Its Calmest Quarter Ever.
Market volatility is nowhere in sight as the final stretch of 2017 kicks off.
The CBOE Volatility Index, or VIX, just finished its calmest quarter in history, averaging just 10.94 over the past three months.
The gauge has fallen for three consecutive quarters, its longest streak of declines since 2011, according to the Journal’s Market Data Group. The VIX uses options prices on the S&P 500 index to produce a measure of expected stock swings over the next month. It tends to fall when stocks are rising, and vice versa.
But the absence of volatility hasn’t tapered volatility trading itself. Even as the gauge

Read More »

May Finally Decides to Play Hardball: Tells EU “Ball is in Their Court, No More Concessions”

12 days ago

UK prime minister Theresa May has finally had enough of EU unending intransigence. May went on the offensive by telling EU leaders The Ball’s In Your Court.
Theresa May will warn European leaders today that Britain will make no more concessions on Brexit until they compromise on opening trade and transition talks.
The embattled prime minister will use a statement to the House of Commons to tell other member states that “the ball is in their court” as British negotiators return to Brussels.
She will also implicitly warn of the risk of talks breaking down, calling for both sides to be constructive and “prove the doomsayers wrong”.
Downing Street pointed out yesterday that neither the EU as a whole nor Michel Barnier, its chief negotiator, had ever defined what

Read More »

May Finally Decides to Play Hardball: Tells EU “Ball is in Their Court, No More Concessions”

12 days ago

UK prime minister Theresa May has finally had enough of EU unending intransigence. May went on the offensive by telling EU leaders The Ball’s In Your Court.
Theresa May will warn European leaders today that Britain will make no more concessions on Brexit until they compromise on opening trade and transition talks.
The embattled prime minister will use a statement to the House of Commons to tell other member states that “the ball is in their court” as British negotiators return to Brussels.
She will also implicitly warn of the risk of talks breaking down, calling for both sides to be constructive and “prove the doomsayers wrong”.
Downing Street pointed out yesterday that neither the EU as a whole nor Michel Barnier, its chief negotiator, had ever defined what

Read More »

May Finally Decides to Play Hardball: Tells EU “Ball is in Their Court, No More Concessions”

12 days ago

UK prime minister Theresa May has finally had enough of EU unending intransigence. May went on the offensive by telling EU leaders The Ball’s In Your Court.
Theresa May will warn European leaders today that Britain will make no more concessions on Brexit until they compromise on opening trade and transition talks.
The embattled prime minister will use a statement to the House of Commons to tell other member states that “the ball is in their court” as British negotiators return to Brussels.
She will also implicitly warn of the risk of talks breaking down, calling for both sides to be constructive and “prove the doomsayers wrong”.
Downing Street pointed out yesterday that neither the EU as a whole nor Michel Barnier, its chief negotiator, had ever defined what

Read More »

Escalating Feud: Turkish Lira Slumps Following Tit-for-Tat Visa Restrictions with US

12 days ago

Last week, Turkey arrested Metin Topuz, a US consulate employee in Istanbul. Turkey accuses Topuz of having links to Pennsylvania-based opposition cleric Fethullah Gulen.
Following the arrest, the US placed visa restrictions on Turkish citizens seeking to enter the US. When Turkey responded in kind the Turkish Lira Took a 6.6% Dive.
The Turkish lira slumped as much as 6.6% against the U.S. dollar on Monday after a spat over visas between the two countries intensified.
The nosedive in the currency came after the U.S. embassy in Ankara announced late Sunday that it would cease processing most kinds of visas for Turkish citizens.
Turkey’s embassy in Washington D.C. quickly responded in kind, saying it would halt visa applications for Americans. The lira clawed back

Read More »

Escalating Feud: Turkish Lira Slumps Following Tit-for-Tat Visa Restrictions with US

12 days ago

Last week, Turkey arrested Metin Topuz, a US consulate employee in Istanbul. Turkey accuses Topuz of having links to Pennsylvania-based opposition cleric Fethullah Gulen.
Following the arrest, the US placed visa restrictions on Turkish citizens seeking to enter the US. When Turkey responded in kind the Turkish Lira Took a 6.6% Dive.
The Turkish lira slumped as much as 6.6% against the U.S. dollar on Monday after a spat over visas between the two countries intensified.
The nosedive in the currency came after the U.S. embassy in Ankara announced late Sunday that it would cease processing most kinds of visas for Turkish citizens.
Turkey’s embassy in Washington D.C. quickly responded in kind, saying it would halt visa applications for Americans. The lira clawed back

Read More »

Escalating Feud: Turkish Lira Slumps Following Tit-for-Tat Visa Restrictions with US

12 days ago

Last week, Turkey arrested Metin Topuz, a US consulate employee in Istanbul. Turkey accuses Topuz of having links to Pennsylvania-based opposition cleric Fethullah Gulen.
Following the arrest, the US placed visa restrictions on Turkish citizens seeking to enter the US. When Turkey responded in kind the Turkish Lira Took a 6.6% Dive.
The Turkish lira slumped as much as 6.6% against the U.S. dollar on Monday after a spat over visas between the two countries intensified.
The nosedive in the currency came after the U.S. embassy in Ankara announced late Sunday that it would cease processing most kinds of visas for Turkish citizens.
Turkey’s embassy in Washington D.C. quickly responded in kind, saying it would halt visa applications for Americans. The lira clawed back

Read More »

Scientists Claim to Have Proof that Time Travel Exists

12 days ago

Not much is happening economically speaking this Sunday evening so let’s ponder the ability to travel back in time such that the future can change the past.
Please consider Physicists send particles of light into the past, prove time travel is possible.

Scientists from the University of Queensland, Australia, have used single particles of light (photons) to simulate quantum particles traveling through time. They showed that one photon can pass through a wormhole and then interact with its older self. Their findings were published in Nature Communications.
The source of this time travel conundrum comes from what are called “closed time-like curves” (CTC). CTCs are used to simulate extremely powerful gravitational fields, like the ones produced by a spinning black

Read More »

Scientists Claim to Have Proof that Time Travel Exists

12 days ago

Not much is happening economically speaking this Sunday evening so let’s ponder the ability to travel back in time such that the future can change the past.
Please consider Physicists send particles of light into the past, prove time travel is possible.

Scientists from the University of Queensland, Australia, have used single particles of light (photons) to simulate quantum particles traveling through time. They showed that one photon can pass through a wormhole and then interact with its older self. Their findings were published in Nature Communications.
The source of this time travel conundrum comes from what are called “closed time-like curves” (CTC). CTCs are used to simulate extremely powerful gravitational fields, like the ones produced by a spinning black

Read More »

Scientists Claim to Have Proof that Time Travel Exists

12 days ago

Not much is happening economically speaking this Sunday evening so let’s ponder the ability to travel back in time such that the future can change the past.
Please consider Physicists send particles of light into the past, prove time travel is possible.

Scientists from the University of Queensland, Australia, have used single particles of light (photons) to simulate quantum particles traveling through time. They showed that one photon can pass through a wormhole and then interact with its older self. Their findings were published in Nature Communications.
The source of this time travel conundrum comes from what are called “closed time-like curves” (CTC). CTCs are used to simulate extremely powerful gravitational fields, like the ones produced by a spinning black

Read More »

Crystal Ball Territory: Rajoy Ponders Article 155, Taking Over Catalonia

13 days ago

Pro-Spain activists took over streets of Barcelona today. Police estimate the crowd at 350,000 but organizers place the total close to a million.
Meanwhile, the Catalan government appears likely to declare independence on Tuesday, and prime minister Mariano Rajoy Mulls Suspending Catalonia Autonomy via article 155.
Spanish Prime Minister Mariano Rajoy will consider taking the dramatic measure of suspending Catalonia’s autonomous status, as the region’s leaders escalate threats to declare independence from the country.
“We are going to stop independence from happening. On that, I can tell you with absolute frankness, that it will not happen. It is evident that we will take whatever decision that we are permitted to by law, in view of how things are unfolding,”

Read More »

Crystal Ball Territory: Rajoy Ponders Article 155, Taking Over Catalonia

13 days ago

Pro-Spain activists took over streets of Barcelona today. Police estimate the crowd at 350,000 but organizers place the total close to a million.
Meanwhile, the Catalan government appears likely to declare independence on Tuesday, and prime minister Mariano Rajoy Mulls Suspending Catalonia Autonomy via article 155.
Spanish Prime Minister Mariano Rajoy will consider taking the dramatic measure of suspending Catalonia’s autonomous status, as the region’s leaders escalate threats to declare independence from the country.
“We are going to stop independence from happening. On that, I can tell you with absolute frankness, that it will not happen. It is evident that we will take whatever decision that we are permitted to by law, in view of how things are unfolding,”

Read More »

Crystal Ball Territory: Rajoy Ponders Article 155, Taking Over Catalonia

13 days ago

Pro-Spain activists took over streets of Barcelona today. Police estimate the crowd at 350,000 but organizers place the total close to a million.
Meanwhile, the Catalan government appears likely to declare independence on Tuesday, and prime minister Mariano Rajoy Mulls Suspending Catalonia Autonomy via article 155.
Spanish Prime Minister Mariano Rajoy will consider taking the dramatic measure of suspending Catalonia’s autonomous status, as the region’s leaders escalate threats to declare independence from the country.
“We are going to stop independence from happening. On that, I can tell you with absolute frankness, that it will not happen. It is evident that we will take whatever decision that we are permitted to by law, in view of how things are unfolding,”

Read More »

Brexit Plans in Shambles: Is That a Bad Thing?

13 days ago

The Financial Times reports Germany Rejects May’s Brexit Transition Hopes.
Once again, the divorce agreement is at the center stage. Germany and France insist divorce bill from EU will be resolved before tackling trade.
The Independent reports Theresa May’s Brexit plans in ruins after France and Germany ‘reject transitional arrangement’.
Earlier this week, a leading association of German businesses warned German companies operating in the UK to start preparing for a “very hard Brexit”, in which the UK left the EU with no trading arrangements in place. This would lead to the immediate imposition of large tariffs on cars and other goods, and the possibility of customs checks and huge tailbacks at Dover.
No Such Thing As “Soft Brexit”
All this talk of a “hard Brexit”

Read More »

Brexit Plans in Shambles: Is That a Bad Thing?

13 days ago

The Financial Times reports Germany Rejects May’s Brexit Transition Hopes.
Once again, the divorce agreement is at the center stage. Germany and France insist divorce bill from EU will be resolved before tackling trade.
The Independent reports Theresa May’s Brexit plans in ruins after France and Germany ‘reject transitional arrangement’.
Earlier this week, a leading association of German businesses warned German companies operating in the UK to start preparing for a “very hard Brexit”, in which the UK left the EU with no trading arrangements in place. This would lead to the immediate imposition of large tariffs on cars and other goods, and the possibility of customs checks and huge tailbacks at Dover.
No Such Thing As “Soft Brexit”
All this talk of a “hard Brexit”

Read More »

Brexit Plans in Shambles: Is That a Bad Thing?

13 days ago

The Financial Times reports Germany Rejects May’s Brexit Transition Hopes.
Once again, the divorce agreement is at the center stage. Germany and France insist divorce bill from EU will be resolved before tackling trade.
The Independent reports Theresa May’s Brexit plans in ruins after France and Germany ‘reject transitional arrangement’.
Earlier this week, a leading association of German businesses warned German companies operating in the UK to start preparing for a “very hard Brexit”, in which the UK left the EU with no trading arrangements in place. This would lead to the immediate imposition of large tariffs on cars and other goods, and the possibility of customs checks and huge tailbacks at Dover.
No Such Thing As “Soft Brexit”
All this talk of a “hard Brexit”

Read More »