Michael Shedlock's Blog

By Michael Shedlock – Amazon bought Whole Foods today. Widespread carnage in the grocery stock prices followed. Jim Cramer called it a major deflationary disruption saying stores cannot compete. “What Amazon did to the mall, it will now...

By Michael Shedlock – The state of Illinois has not passed a budget for close to three years. Arguably it’s just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly...

The New York Times reports Ford dumped CEO Mark Fields for Jim Hackett, the head of Ford mobility and driverless vehicles. Fields was not moving fast enough on autonomous vehicles and electric power.

The amount of nonsense written about Trump’s firing of FBI director James Comey is staggering. Democrats allege the firing is proof that Trump is hiding something. So here we go again with absurd allegations and innuendo that Trump...

Every time I do a post on self-driving vehicles, readers respond that it cannot happen and won’t happen for a decade, if ever. It’s time for a reality check. A quick check of my calendar shows we are not quite halfway through 2017.

Now that Obamacare is dead and buried, at least for the near future, all eyes are on tax reform. Can House Speaker Paul Ryan herd enough House cats in a tax bill that’s also acceptable to the Senate?

In 2016, non-euro investors dumped euro-denominated bonds for the first time in history. Moreover, euro-area investors barely made purchases according to the ECB’s analysis of euro area net portfolio investment outflows.

A platoon of driverless trucks equipped with Cooperative Adaptive Cruise Control (CACC) appeared on the 110 freeway in San Pedro. The system controls speed, braking, and spacing of the convoy. The goal is to increase safety...

The IMF’s Global House Price Index, an average of real house prices across 57 monitored countries, continues to climb. The index shows sixteenth consecutive quarters of positive year-on-year growth. However, house prices...

Marine le Pen put in a stellar performance on 60 Minutes on Sunday. Le pen came across as very presidential. The interview, in French but translated, is sure to boost her standing in the French presidential election on May 7.