Mish Shedlock | TalkMarkets | Page 366
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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FBI Director Warns Google And Apple "If You Don't Decrypt Phones, We'll Do It For You"
The FBI Director would like to force Apple and Google to decrypt new versions of iOS and Android. Customers object. And not just US customers. Foreign nations would like some privacy from the US government too.
Stock Buybacks Peaked With Stock Market In 2007: History About To Repeat?
Conventional wisdom says earnings growth is the primary driver for stock performance. It's not. The price investors are willing to pay for stocks is the key driver.
IMF Warns Of Financial Crisis, Admits Low Interest Rates Spurred Asset Speculation Not Investment
The IMF finally realizes that almost zero borrowing costs has encouraged speculation rather than a hoped-for pick-up in investment.
New Home Prices: Are They Really Up This Year? Consider The Homebuilder Freebies...
Thanks to ultra-low interest rates, massive all-cash purchases by private equity funds, and Fed-sponsored financial speculation, home prices are now back in bubble territory.
ECB's Targeted Lending Spree Starts Out As Flop; Modern Monetary Insanity
The ECB is intent is to spur lending. But it's going about it the wrong way. Mish explains why.
Undeclared War On Russia; Solidarity By Force; Ruble Falls To Record Low; Sanctions Target Private Companies
It's long overdue we label sanctions for what they really are: war. If you prefer, call them "economic war." Today, Obama took the undeclared war another step forward by targeting Lukoil, a private Russian company.
Venezuelan Bolivar Plunges To Record Low On Black Market; Bond Default Coming Up In October?
On the black market today, it takes 89 bolivars to buy 1 US dollar. That is a 95% loss in value vs. the official exchange rate since 2013.
Burger King Flips Obama The Bird; BK, Warren Buffet, Greg Mankiw, Barry Ritholtz, Mish On Corporate Tax Inversion "Fairness"
The Bloomberg headline "Inversion Express Slows to Crawl" was good for precisely 1 day. Today we see this Bloomberg headline: Burger King in Talks to Buy Tim Hortons in Tax-Saving Move
Spotlight On European Bank Lending: Capital Impairment To The Forefront
So which is it, lack of credit-worthy borrowers or capital impairment? The answer is likely both, but the spotlight goes on capital impairment, and Texas Ratios, a ratio of bad loans to equity.
Fed Study Finds 2 Million In "Forced Retirement", 48% Cannot Afford An Unexpected $400 Expense
Mish has talked about "forced retirement" 174 times over the course of the past few years. And he has more to say.
Thinking About Raising The Minimum Wage To $15/Hr? Then Met The McCashier
Sure. You can make $15 an hour at McDonald's, at least in Seattle. You just have to perform better than this machine.
Housing Insanity Japanese Style: Record Number Of Vacant Homes In Japan, Abe Wants To Stimulate Home Building
Thanks to a rapidly aging population, record numbers of Japanese homes sit vacant. Is Abenomics to blame?
Afghanistan A How-To Lesson In Perfect Stupidity: 54,000 Paid Ghosts, Vanishing Firearms, Warlord Protection Rackets
What some see as "perfect stupidity" others (especially the industrial-military complex) see as a "job well done", complete with arms to the Taliban to ensure that the war on terrorism goes on and on.
Junk Bond Indigestion; Musical Chairs; Take Chips Off The Table?
The first half of 2014 sported record junk bond purchases by investors thirsty for yield, no matter how absurd the bond covenants or how risky the investment. Things may have changed in July.
Whopping 35% Have Debt In Collection! Delinquent Debt In America: By Region And Metro Area, Where Is It?
Mish examines the Urban Institute's 14-page synopsis on Delinquent Debt in America.
M.A.D. Sanctions; Two Games At Once
Sanctions are a lose-lose-lose game. Consumers lose, businesses loses, countries lose. And the hypocrisy alone is appalling.
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