Michael Shedlock's Blog

By Michael Shedlock – The news on Hurricane Irma is grim and worsening. The record-breaking Hurricane is described as “apocalyptic”. Irma is one of three hurricanes in the Atlantic basin, the first time since 2010 that three active hurricanes...

By Michael Shedlock – A Chinese T-shirt company is setting up shop in Arkansas, lured by US sewbots and lower production costs. It will cost about 33 cents to produce a shirt. Please consider China Snaps Up America’s Cheap Robot Labor.

By Michael Shedlock – Ben Bernanke will join Sir Tim Berners-Lee as keynote speakers at the “Swell” cryptocurrency conference October 16-18 in Toronto. I don’t have an opinion on where Bitcoin is headed in any particular timeframe.

Subprime auto delinquencies have staked up so much that we are back at 2007 milestone levels. There’s a section of the auto-loan market — known in industry parlance as deep subprime — where delinquency rates have ticked up to...

By Michael Shedlock – Ian Narev, the CEO of Commonwealth Bank of Australia (CBA), the nation’s largest bank is set to step down amid money laundering charges. Money laundering is big business in Australia because regulations do not...

By Michael Shedlock – The headline of the day is Billionaire bond guru Jeffery Gundlach Predicts he will make 400% on his bet against the stock market. Gundlach bought S&P PUTs betting the stock market will drop. Does that make him bearish?

By Michael Shedlock – Australia’s Black Economy Taskforce has come up with a list of 35 “consumer-focused” proposals to crack down on cash. The taskforce blames consumers for holding cash and for not getting receipts. Michael Andrew, the head...

By Michael Shedlock – Sweden’s biggest banks are on a mission to get rid of branch banks and all the branch bank employees too. That’s where “Aida” comes in. She’s available 24/7 and supposedly can handle all but your most...

By Michael Shedlock – An article from Investopedia recently caught my attention: “IMF Urges Banks to Invest In Cryptocurrencies” The opening sentence of the article states: “A June 2017 staff discussion note from the International Monetary Fund (IMF)...

By Michael Shedlock – Amazon fulfillment centers, typically single-story warehouses located in suburbs, do not meet its goal of low-cost deliveries to city dwellers. Amazon’s patented solution is multi-story, drone-delivery behive center warehouses smack...