Michael Shedlock's Blog

Nov 8 – National laws are in need of a serious overhaul as states take matters into their own hands. In midterm election votes, Michigan, Utah and Missouri eased restrictions on marijuana. There are now 33 U.S. states that have legalized marijuana to some degree...

Michael Shedlock –In a letter to Donald Trump, the Committee to Unleash Prosperity seeks zero tariffs. There were several notable letter signees. Steve Forbes, Arthur Laffer, Fred Smith, and Stephen Moor on the Committee to Unleash Prosperity ask...

By Michael Shedlock – Mario Draghi warned, "Undermining E.U. budget rules carries high price for all." Then, Italian bond yields surged. Draghi did not mention Italy by name, but his threat Undermining EU Budget Rules Carries High Price For All was well understood by the bond markets.

By Michael Shedlock –Electric cars are coming. Electric may not make any practical sense, but so what? Global warming advocates will win. The two things I have battled most with my readers both pertain to cars. The first is self-driving, the second is electric.

By Michael Shedlock – Walmart will require lettuce and spinach suppliers to contribute to a blockchain database to pinpoint contamination. The New York Times reports Walmart’s Veggie-Tracking B.L.T.: Blockchain Lettuce Technology. Some think this...

By Michael Shedlock – Either Trump backs down from repeated threats or more tariffs are coming as talks with China collapse. Be prepared for an escalating trade war as U.S.-China Trade Talks End With No Sign of Progress.

By Michael Shedlock – Every few months someone promotes complete silliness regarding China displacing the US. Here we go again. The winner by a mile is Lacalle. There is no victory for China. Here are some reasons...

By Michael Shedlock – Waymo's early rider program is now a year old. And it's expanded as a taxi service for shoppers. People still tell me "self-driving will never work" but it's working already. Please consider Waymo...

Michael Shedlock – Economists missed the mark badly on new home sales estimates. And over half of last month's surge was revised away. Economists expected 668,000 new homes would be sold in June. Instead, home sales fell 5.3%...

By Michael Shedlock – Turkey isn't close to hyperinflation yet. But the path it's on is a guaranteed way to get there. As Erdogan tightens his grip on finance and the central bank, Investors Fear Turkish Currency Crisis.