Mike "Mish" Shedlock
@MishGEA
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https://t.co/bwBAtHj9nn On my “MishTalk” blog, I write about global economy. Topics include interest rates, central bank policy, gold, and stocks.
St. George Utah
Joined March 2009
No Improvement in the Fed’s Preferred Measure of Inflation for 8 Months. @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth @dgsommersmkts . Core PCE is up 2.8% from a year ago, no change in 8 months.
mishtalk.com
Core PCE, is up 2.8 percent from a year ago, no change in 8 months.
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RT @B_Vaccaro88: @WallStreetApes Coming from a landlords perspective. My family owns 4 buildings in the West Loop of downtown Chicago. All….
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Real Disposable Personal Income Flat in July, Inflation Eats All Wage Gains. @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth @dgsommersmkts @VladTheInflator . DPI rose 0.3% but so did the PCE price index.
mishtalk.com
DPI rose 0.3 percent but so did the PCE price index.
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Another Weak ADP Payroll Report, Especially Small Businesses. @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth @dailyjobcuts . ADP reported a gain of 104K private payrolls. Small businesses weak again.
mishtalk.com
ADP reported a gain of 104,000 private payrolls. Small businesses weak again.
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Note to Trump. If you want Lesotho to buy more US merchandise, try paying them $10 or $15 per hour instead of $1 per hour to make your shirts. They would buy US cotton, US cheese, and your shirts.
mishtalk.com
Lesotho, a land-locked country in Africa will be crushes by tariffs.
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Factory Making Trump Brand Clothes Shuts Down After U.S. Tariffs. @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth @dgsommersmkts . Lesotho, a poor country in Africa will be crushed by tariffs.
mishtalk.com
Lesotho, a land-locked country in Africa will be crushes by tariffs.
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Fed Hold Steady, but There’s 2 Dissents for the First Time Since 1993. @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth @dgsommersmkts . Powell made similar comments on GDP that I made in my previous post.
mishtalk.com
Two member of the FOMC voted to cut rates at the July meeting.
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Real GDP Rebounds to 3 Percent on Strength of Reduced Imports. @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth @dgsommersmkts . Reduced imports contributed 5.2 percentage points to GDP.
mishtalk.com
Reduced imports contributed 5.2 percentage points to GDP.
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The Unemployment Level Is About to Surpass the Number of Job Openings . @dailyjobcuts @VladTheInflator @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @JonFraserTF @GratkeWealth. Job openings have leveled off but the data is suspect.
mishtalk.com
Job openings have leveled off but the data is suspect.
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RT @grok: @MishGEA @authorbncarman @karlmehta To clarify: I noted the EU-US pact as a non-binding framework with confirmed 15% tariff and e….
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There may be some other factors but VATs are not one of them. China is the biggest offender, but we stupidly go after USMCA, and the EU. Part of the problem with the EU is stupid US tax policy that encourages pharmaceutical production in Ireland.
mishtalk.com
Let’s discuss Ireland, weight loss drugs, and other trade distortions.
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Your economic illiteracy, TDS Type II, or both prevents clear thinking @authorbncarman . The EU and Japan have tariffs under 5%. Canada and Mexico 0% on most goods. VATs are not tariffs! Reciprocal tariffs might be 5% on most countries, 10% on Vietnam and India, higher on China.
@MishGEA @grok @karlmehta I think your TDS is preventing you from understanding how this all works. Other countries have had high tariffs on the U.S. for decades while the U.S. had small or no tariffs on them. Trump's now doing to them what they did to us, but not nearly as bad, and they'll all bend over.
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Ghislaine Maxwell Seeks Clemency to Discuss Sex Offender Jeffrey Epstein. @RobMcNealy @jlounsbury59 H/T @HustleBitch_ @quadcarl_carl @rustyrockets. To tell Trump what he wants to hear, Maxwell sets her price.
mishtalk.com
To tell Trump what he wants to hear, Maxwell sets her price.
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RT @USRoute41: @MishGEA @tyillc @jlounsbury59 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth For the past 30 years, #Illinois….
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The Housing Top Is Likely In, Case-Shiller Home Prices Drop Again. @VladTheInflator @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth @dgsommersmkts . The CS Home Price Index is down another 0.3% in May.
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The Case-Shiller Home Price Index declined another 0.3 percent in May.
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What Deal Is That @dlacalle_IA. Trump Announces a 15 Percent Tariff Deal With the EU But There Is No Deal. Two Problems: Trump is exaggerating the deal. And Ursula has no signing authority.
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Two Problems: Trump is exaggerating the deal. And Ursula has no signing authority.
European Commission president Ursula Von der Leyen statement on EU-US deal.
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Trump Is Bragging about Tax Hikes While the EU Cuts Them. @tyillc @jlounsbury59 @USRoute41 @FM_NoAlgos @mtmalinen @jimiuorio @JonFraserTF @GratkeWealth @dgsommersmkts . MAGA is going gaga over tax hikes.
mishtalk.com
MAGA is going gaga over tax hikes.
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