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The author 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.

Mish’s Global Economic

Mish's Talk 1970-01-01 00:00:00

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The FCC Aims to Stem Robocalls But ATT, Verizon and T-Mobile Say Wait

Billions of RobocallsConsumers get billions of robocalls and many if not most of them come from overseas locations including India and the Philippines.On September 28, the FCC seeks to implement foreign provider regulation that would block most of these incoming calls.  Under the proposal, foreign carriers have to be approved by the FCC and those spamming calls would be blocked.  Rule ChallengeSeveral big phone companies say they are On Board With Robocall Blocking, Just Not Now. “We strongly...

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Biden Comments on the Jobs Report and Gets the Key Message Wrong

American Rescue Plan - More Free Money“Some critics said we didn’t need the American Rescue Plan, that this economy would just heal itself. Today’s report just underscores, in my view, how vital the actions we are taking are.""Today's report also puts some truth to loose talk that we've been hearing about the economy lately. "First, that we should stop helping workers and families out for fear of overheating the economy. Today's report make it clear. Thank goodness we passed the American...

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Add David Rosenberg to List of Those Who Believe Inflation is Transitory

Inflation is TransitoryOn April 28, I posted Don't Worry, the Fed Says the Recent Jump in Inflation is Transitory.The title sounds sarcastic, and it is in a way, but my huge disagreement with Powell is not in his transitory message but rather in the amount of current inflation.Inflation Consensus is Wrong Advisor Perspectives noted on May 6, that economist David Rosenberg says the Consensus is Wrong about Stocks, Bonds and Inflation. The “fiscal juice” from stimulus checks and the re-opening...

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Dogecoin, Created as a Joke, is the Epitome of Greater Fool Mania

What is DogeCoin and Who Created It?Dogecoin is an altcoin (Bitcoin alternative). The correct pronunciation is “dohj coin.”It was created by Jackson Palmer and Billy Markus, software engineers at Adobe and IBM respectively. Palmer discusses the details in a fascinating 2014 interview."It was a joke on a whim. ... I sat down with a beer and slapped doge's face on a coin and put it live. The next day there was heaps of retweets. ... We thought it would last maybe three days."No Longer a...

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The Hockey Stick Rise in M1 is a Monetary Statistical Mirage

Huge Monetary RiskEarlier today I posed a Q&A what if on QE: What Would Happen to Inflation If the Fed Announced $40 Trillion a Month in QE?My conclusion was not even a further quadrillion in M1 via QE would matter.I just added a couple of paragraphs to the post that are themselves worthy of a monetary spotlight update.Please recall my August 18, 2020 post Bond Bull Lacy Hunt Warns of a Huge Monetary Risk (emphasis mine). LH: When the Fed initiated QE1, QE2 and QE3, folks said those...

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