Michael Shedlock's Blog

Investment Advisor Representative
Sitka Pacific Capital Management LLC
investing [at] sitkapacific [dot] com ()

Mike 'Mish' Shedlock Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance, low volatility, regardless of market direction. He has a global economics blog which has commentary 7-10 times a week, and is a "professor" on Minyanville. Mike does weekly live radio on KFNX, the Charles Goyette show every Wednesday. When not writing about stocks or the economy he spends a great deal of time on photography. He has over 80 magazine and book cover credits. Some of his Wisconsin and gardening images can be seen at Michaelshedlock.com.

Consumers in Gear: Retail Sales Jump Far More Than Expected

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By Michael Shedlock – Retail sales rose 0.8% in November topping consensus estimate of a 0.3% rise. There's some talk of economic "overheating". The Advance Retail Trade Report from the Census Department shows retail and...

Idiotic Comment of the Day: "Bitcoin Ought to Be Outlawed" - Stiglitz

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By Michael Shedlock – Economist Joseph Stiglitz sees no socially useful purpose to Bitcoin and concludes it should be banned. The former chief economist of the World Bank, Joseph Stiglitz Wants Bitcoin Banned.

Retail Apocalypse? Deflationary Collapse?

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By Michael Shedlock – Through the third quarter, 6,752 locations were scheduled to shutter in the US according to the International Council of Shopping Centers. That's more than double the 2016 total and is close to surpassing...

Tax Code Overhaul Details: Homebuilders, Tesla, and Those With Lots of Kids Come Out Worse

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By Michael Shedlock – GOP leaders finally unveiled key details in their tax overhaul plan. There are some winners and losers as always the case. Two losers are the homebuilders and Tesla. Part of the mortgage...

Illinois Eyes 30 Cent Gas Tax Hike, Chicago Eyes Property Tax Hike

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By Michael Shedlock – The Illinois legislature is in recess right now. Other than disbanding the body, that's the best place for them. When they return, they are going after your pocketbook in the form a gas tax hike.

California Allows Fully Autonomous (No Driver Present) Vehicle Tests

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By Mish Shedlock – The California Department of Motor Vehicles is changing its rules to allow companies to test autonomous vehicles without a driver behind the wheel — and to let the public use autonomous vehicles. The DMV released a revised version...

Advertisers’ Dilemma: Figuring Out How to Target Millennials, Now the Largest Demographic

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Millennials are now the largest age group but retailers and advertisers, in general, haven’t quite figured out how to reach them. Millennials are not as interested in drills, machine shop workbenches, gardening, and any number...

Auto Sales Jump Following Hurricanes

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By Michael Shedlock – Auto sales are running substantially above estimates according to Econoday. Apparently, economists did not see the restocking needed for many hundreds of thousands of autos ruined by hurricanes Harvey and Irma.

Bitcoin vs Dollars: Which One is a Fraud? Which One is a Ponzi Scheme?

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By Michael Shedlock – Jamie Dimon, JP Morgan CEO, made quite a headline splash last week when he proclaimed “Bitcoin ‘is a Fraud“. Is Bitcoin a fraud? Or are dollars, euros, yen, and yuan a collective set of frauds?

Study Shows Student Debt Delays Home Buying By Seven Years

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By Michael Shedlock – The Student Loan Debt and Housing Report 2017 by the National Association of Realtors and the nonprofit group American Student Assistance show the obvious: Student debt delays household formation, home...

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