Economic Trends and Market Commentary by Mike Shedlock
Mike Shedlock, known online as “Mish,” is an independent economic analyst and former investment advisor. Through his long-running blog “Mish Talk,” Shedlock provides macro commentary on central bank policy, market cycles, and high-risk asset classes including crypto. His analysis frequently addresses inflation data, interest rate effects on capital markets, and government debt monetization. While not a direct participant in crypto markets, Shedlock’s perspective offers contextual risk evaluation relevant to institutional digital asset holders.
As of Q3 2025, his blog features more than 3,800 published articles and attracts over 2 million unique monthly readers. Shedlock has described Bitcoin as a speculative hedge, noting volatility correlation with tech equities and reduced decoupling during monetary tightening cycles. Articles critique crypto leverage, ETF speculation, and regulatory ambiguity. Despite a critical tone, blockchain's potential role in remittance and financial access remains acknowledged. Shedlock frequently appears on Seeking Alpha and TalkMarkets and has been featured in over 150 podcast episodes and interviews since 2020.
Private domestic sales show signs of economic overheating, Mike Shedlock notes
U.S. real GDP growth accelerated to 3.4 percent in the third quarter. Mike Shedlock, author and blogger at MishTalk, added that private domestic sales suggest economic ...
Mike Shedlock: Fed holds rates steady with two dissents for hike
The Federal Reserve held interest rates steady, with two members dissenting in favor of a hike. Mike Shedlock, author and blogger at MishTalk, noted that one of the dissents was by Lisa Cook, ...
New home sales remain stagnant for a decade, Mike Shedlock notes
New home sales dropped 0.6 percent in September, reflecting ongoing stagnation in the market. Mike Shedlock, author and blogger at MishTalk, noted that, excluding the rebound following the Covid ...
Mike Shedlock: U.S. Treasury yields collapse over the last two weeks
U.S. Treasury yields have experienced a significant collapse over the past two weeks. Mike Shedlock, author and blogger at MishTalk, emphasized that the move is not due to sinking inflation or ...
U.S. housing starts drop by 5.2 percent, Mike Shedlock notes
U.S. housing starts declined by 5.2 percent, reflecting continued weakness in the sector. Mike Shedlock, author and blogger for MishTalk, added that other housing trends such as permits, ...
Mike Shedlock: Real wages negative year over year for six months
Real wages have been negative year over year for six consecutive months. This assessment was shared by Mike ...
U.S. industrial output up 0.7 percent in September with utilities leading, Mike Shedlock reports
U.S. industrial production increased by 0.7 percent in September, led by a 3.5 percent rise in utilities output, while motor vehicle production fell by 3 percent. Mike Shedlock, author and ...
Mike Shedlock: U.S. CPI rose 0.65 percent in September, outpacing expectations
U.S. consumer price index (CPI) increased by 0.65 percent in September, a higher rate than expected. Mike Shedlock, author and blogger at MishTalk, shared this data and stated that the Federal ...
Importing Russian diesel is illegal and unnecessary, Mike Shedlock notes
Mike Shedlock, identified as Author / Blogger for MishTalk, questioned why the U.S. imports diesel from Russia given that the country exports $48 million barrels of diesel per month. He further ...
Mike Shedlock: Consumer sentiment current conditions index falls to record low
Mike Shedlock, author / blogger at MishTalk, reports that the consumer sentiment current conditions index has dropped to a record low. He points out that, by political affiliation, independents ...
French budget deficit triggers debt crisis and riots, Mike Shedlock warns
Mike Shedlock, author and blogger at MishTalk, highlights the escalating budget deficit in France, which he links to a growing debt crisis and recent riots. Shedlock warns that the unraveling of ...
Mike Shedlock: Multiple factors drive long-term bond yield surge
Mike Shedlock, author / blogger at MishTalk, challenges the prevailing explanations behind the recent surge in long-term bond yields. He states it is not primarily due to the deficit or oil ...
Nonfarm payrolls up 29,000 in September, Mike Shedlock notes
Mike Shedlock, author and blogger at MishTalk, reports that U.S. nonfarm payrolls increased by 29,000 in September, falling short of expectations. Unemployment rose to 4.2 percent, and prior ...
Mike Shedlock: BEA raises second-quarter U.S. GDP growth estimate to 2.2 percent
Mike Shedlock, author / blogger at MishTalk, reports that the Bureau of Economic Analysis has revised its estimate for second-quarter U.S. GDP growth upward by 0.7 percentage points, now reaching ...
Wage growth comparison between Biden and Trump, Mike Shedlock examines
Mike Shedlock, author / blogger at MishTalk, raises questions about recent claims by the Treasury Secretary regarding real wage growth. The discussion centers on how wage trends under President ...
Mike Shedlock: China hides Treasury holdings through SOEs and other means
Mike Shedlock, author / blogger at MishTalk, claims that official reports fail to fully capture China's actual U.S. Treasury holdings due to the use of state-owned enterprises (SOEs) and other ...
Long bond yield hits 22-year high on S&P PMI, Mike Shedlock notes
Mike Shedlock, author / blogger at MishTalk, highlights that the yield on long-dated bonds has surged to its highest level in 22 years. According to Shedlock, the move was triggered by the S&P ...
Mike Shedlock: Average supertanker daily cost climbs to $1.2 million
Mike Shedlock, author / blogger at MishTalk, reports that the average supertanker cost has risen sharply to $1.2 million per day, up from $29,900. He adds that high earnings for the largest oil ...
Existing-home sales drop and stagnate, Mike Shedlock warns
Mike Shedlock, author / blogger at MishTalk, highlights that existing-home sales have dropped by two percent and have remained largely unchanged for four years. He cautions that the housing ...
Mike Shedlock: August CPI data points to September Fed interest rate hike
Mike Shedlock, author / blogger at MishTalk, highlights that the consumer price index rose 0.4% in August, with the core index up 0.3%. He suggests this increase makes a Federal Reserve interest ...
Bond yields and gasoline prices climb while Fed rate hike odds jump, Mike Shedlock notes
Mike Shedlock, author / blogger at MishTalk, highlights a surge in bond yields, a 5 cent increase in gasoline prices, and rising odds of a U.S. Federal Reserve interest rate hike. He also ...
