Mish Shedlock | TalkMarkets | Page 166
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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Economists Surprised By Construction Spending Slowdown: Y-O-Y Residential -3.71%
Houses are not affordable and the slowdown is obvious. No one should be surprised by this.
Trump Blasts Powell On Rate Hikes, QT, And The Strong Dollar At CPAC 2019
Speaking during the CPAC 2019 conference on Saturday, Trump blasted Fed Chair Jerome Powell on three fronts.
GDPNow Initial Estimate Of 1st-Quarter GDP: 0.3 Percent
A check of the GFPNow spreadsheet has first quarter real final sales at 0.9%. That is the true bottom line estimate of the economy.
Personal Income And Outlays For Dec, Income Only For Jan: Spending -0.5% In Dec
Is December an outlier on spending or did something significant just start?
People Outraged Over Lower Tax Refunds But Treasury Says Refunds Above Last Year
Are tax refunds higher or lower than last year? Apparently both, depending on whom you believe.
4th Quarter GDP On High End Of Expectations At 2.6%
The BEA used 1.8% as its measure of inflation. If you believe that is on the low side, the then GDP estimate is on the high side.
Inventories Soar In December
Unless sales pick up, wholesalers and retailers are going to be sitting on a lot of inventory.
Goods Trade Deficit Soars 12.8% In December: Year-Over-Year Exports Down 0.3%
In December, goods exports fell $4 billion while imports rose $5 billion. Year-over-Year exports are now negative.
Manufacturers' New Orders Significantly Miss Estimates Second Month
Core capital goods are a measure of future manufacturing expansion or contraction. The decline is troubling.
Recession Signal Getting Louder: 5-Year Yield Inverts With 3-Month Yield
The yield curve recession signal is louder and louder. Inversions are persistent and growing.
Housing Starts: Yet Another Unexpected Thud, Down 11.2 Percent
For an economic expansion that is just months away from the longest on record, this has been one incredibly weak housing rebound. Population-adjusted numbers are far worse.
Warren Buffett Blasts Trump In Annual Letter, Max Keiser Blasts Buffett
Every year, analysts inspect Buffett's annual letter looking for successor hints. This year they found a blast of Trump.
Hooray! "Substantial" Progress With China (Just Don't Ask Where)
Trump announced substantial progress but trade experts wonder where.
UK Ministers Tell Theresa May To Stand Down: "No Deal In The Desert"
May will traipse off to the desert to meet EU leaders on Sunday. "No Deal" is already the official response.
Theresa May Delays Brexit Vote: "Meaningful", Clarity And Temporary Defined
UK Prime Minister Theresa May wants more time. She told Parliament they can have a vote on March 12th.
Spotlight J.C. Penney: Will It Close 20 Stores Or 200? Bankruptcy Anyone?
How many stores will J.C. Penney close in 2019? That's the wrong question. Here's the right one: Can J.C. Penney survive at all?
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