Mish Shedlock | TalkMarkets | Page 272
Investment Advisor Representative - Sitka Pacific Capital Management
Mike Mish Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit Sitka Pacifics Investment Management Page to learn more ...more

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Diving Into The Medical CPI: Are Your Medical Expenses Up Only 5% From Year Ago?
Obamacare is on the death bed. Costs have soared, huge premium hikes are in the works for 2017, and benefits have been slashed. The BLS posts preposterous statistics and the Fed seriously underestimates how much consumers are getting clobbered.
S&P Futures Rally, Yuan Slumps Following Comey Statements
S&P futures are up 26 points, treasury futures are lower, gold is lower, the Yuan is lower, and the US dollar is up in early Monday morning futures trading.
FRBNY 4th Quarter GDP Nowcast 1.6% Vs. GDPNow 3.1%
In sharp contrast to a GDPNow forecast of 3.1 percent for 4th quarter GDP, the FRBNY Nowcast Model estimates 4th quarter GDP at a mere 1.6 percent.
Unemployment 4.9%; Establishment Survey Jobs +161,000; Household Survey Employment -43,000
Today’s employment report shows an increase of 161,000 jobs. The household survey actually shows a loss in employment for the month of 43,000.
GDPNow 4th Quarter Estimate Surges To 3.1% On Strength In Autos
The Atlanta Fed GDPNow Model estimate for fourth quarter GDP surged to 3.1% from 2.1% on the basis of strong auto sales.
Absurd Notions: World Is Running Out Of Dollars
One of the more absurd ideas in recent years is the world is running out of dollars. From time to time that theory pops up, as it did again just a few days ago.
$50 Trillion Sideline Cash Conundrum?
Blackrock estimates there is a whopping $50 trillion in cash "sitting on the sidelines"
Factory Orders Up 0.3 Percent, But Core Capital Goods Decline 1.3%
Thanks to motor vehicles and parts, factory orders rose 0.3% in September according to a Commerce Department report on Manufacturers’ Shipments, Inventories, and Orders.
Barry Ritholtz Asks “Why Has Inflation Remained Low For So Long?” Mish’s Truly Useful Proposal
Standard measures of inflation fails to measure money supply, housing,and asset bubbles. They do not need to be improved, they need to be discarded.
Fed Asset Bubble In Review: Will Falling Equity Prices Trigger A Recession?
For the Fed, rising equity prices are effectively a feature, rather than a bug, of its post-crisis bid to reflate the U.S. economy through positive wealth-effects — stimulating asset prices to incent consumption.
Retail Sales Poised To Suffer On Higher Medical, Rental Inflation
Retail stocks are highly correlated to the ups and downs of same-store retail sales. Consumers will start cutting back spending on non-essential items in order to pay for medical care and housing.
ISM 51.9 Vs. Markit PMI 51.5 Percent: Input Cost Inflation Jumps
Inventory-to-sales numbers are already elevated, and inventory did add to third quarter GDP. Input costs are escalating, notably energy, but will that last?
Weak Construction Spending Report Hints At Corporate Hiring Slowdown And Further Weakness In Family Formation
Given rising minimum wages, store saturation, and declining corporate profits, commercial spending will decline at some point. Is now the time?
Yen Decline Just Beginning?
Another year, another miss: Following a two-day meeting, the Bank of Japan pushed back its inflation target once again. The new target is 2018.
Hiking Prices Against Weakening Demand: How Will That Work?
Whether or not this is some kind of “turning point” remains to be seen. If price hikes reduce demand, it will put some of these companies out of business.
Chicago ISM Index Dips To 5-Month Low Reading Of 50.6; Inflation Pressures Rise
Volatility in the ISM Chicago Report (more widely known as the Chicago PMI) continues this month with a dip to a five-month low index reading of 50.6, barely above contraction.
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