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.
Oil drops 5 percent to $80.52, Mike Shedlock notes
Mike Shedlock, author / blogger at MishTalk, highlights three reasons why the price of oil may have reached a bottom, even in the face of a recent deal. West Texas Intermediate crude oil has ...
Mike Shedlock: Small business hiring plans at lowest in six years
Mike Shedlock, author / blogger at MishTalk, reports that small business hiring plans have reached their lowest point in six years, according to recent data. He references a further decline in ...
Supply chain logistics costs hit record levels, Mike Shedlock notes
Mike Shedlock, author / blogger at MishTalk, reports that supply chain logistics costs have surged to a record high. Trucking and freightliner expenses are increasing both internationally and in ...
Mike Shedlock: What would it take to end U.S. dollar dominance over global transactions
Mike Shedlock, author / blogger at MishTalk, raises the question of what it would take to end U.S. dollar dominance over global transactions. He invites discussion on both correct and incorrect ...
Jobs increase by 172,000 in May as unemployment rate remains steady, Mike Shedlock notes
Mike Shedlock, author and blogger at MishTalk, discusses the latest U.S. employment data, highlighting a rise of 172,000 jobs in May while the unemployment rate remained unchanged. The figures ...
Mike Shedlock: ISM services prices rise for 108 consecutive months, hitting highest level since August 2022
Mike Shedlock, author / blogger at MishTalk, reports that ISM services prices have increased for 108 consecutive months and continue to rise at an accelerating pace. The ISM price index is ...
Bitcoin continues lower in ongoing wave, Mike Shedlock notes
Mike Shedlock, author / blogger at MishTalk, states that Bitcoin's price is still moving lower, continuing its decline in wave 5. He notes that little has changed since March regarding Bitcoin's ...
Mike Shedlock: Questions raised over 3.5 percent super core inflation as a new benchmark
Mike Shedlock, author / blogger at MishTalk, raises concerns about the implication of a 3.5 percent 'super core' inflation rate as a potential new standard for acceptability. Shedlock suggests ...
New home sales drop 6.2 percent with inventories increasing, Mike Shedlock notes
Mike Shedlock, author / blogger at MishTalk, reports that new home sales have declined by 6.2 percent, increasing pressure on builders to lower prices. He observes that while overall sales remain ...
Mike Shedlock: Inflation measure criticized for excluding top 60 percent of items
Mike Shedlock, author / blogger at MishTalk, highlights that removing the top 60 percent of items from inflation calculations leads to little visible change in the inflation rate. Shedlock ...
National home prices record first decline since July 2025, Mike Shedlock notes
Mike Shedlock, author and blogger at MishTalk, reports that national home prices have declined for the first time since July 2025. This reversal marks a notable shift in the housing market ...
Mike Shedlock: Consumer credit stress now parallels Great Recession levels
Mike Shedlock, author / blogger at MishTalk, warns that consumer credit stress is currently comparable to the Great Recession. He points out that auto loan delinquencies have reached a new ...
Uncertainty over next U.S. Fed rate moves, Mike Shedlock notes
Mike Shedlock, author / blogger at MishTalk, raises questions about the direction of U.S. Federal Reserve interest rate policy in his recent commentary. He asks if the central bank is preparing ...
Mike Shedlock: Debt, inflation pressures bond market as Fed maintains rates
Mike Shedlock, author / blogger at MishTalk, highlights that renewed inflation and rising debt are putting pressure on the bond market. He adds that the Federal Reserve is unlikely to cut ...
WSJ explanation for price increases lacks depth, Mike Shedlock argues
Mike Shedlock, author and blogger at MishTalk, questions a recent Wall Street Journal opinion article that attempts to explain why "everything feels more expensive." In his post, Shedlock calls ...
Mike Shedlock: Online spending poised to overtake motor vehicles and parts
Mike Shedlock, author / blogger at MishTalk, raises the question of when online spending will surpass spending on motor vehicles and parts. He points to visual evidence illustrating the decline ...
Real hourly earnings decline again without growth, Mike Shedlock notes
Mike Shedlock, author / blogger at MishTalk, highlights a continued decline in real hourly earnings in the United States and notes that there has been no growth in this metric since U.S. President ...
Mike Shedlock: China continues to accumulate dollars and prioritize U.S. treasuries
Mike Shedlock, author / blogger at MishTalk, comments on China's continued accumulation of dollars. He explains that China would prefer to purchase major assets like Boeing if allowed, but ...
Consumer sentiment falls to record low, Mike Shedlock notes
Mike Shedlock, author / blogger at MishTalk, reports that consumer sentiment has dropped to a record low. Consumers are citing rising gasoline prices and tariffs as primary factors, while ...
Mike Shedlock: Gasoline prices reach highest level since July 2022
Mike Shedlock, author / blogger at MishTalk, reports that gasoline prices have reached their highest level since July 2022, with diesel prices only 14.2 cents away from a new record. According to ...
Long bond yield remains above 5.0 percent, Mike Shedlock notes
Mike Shedlock, author / blogger at MishTalk, highlights that the long bond yield is holding above the 5.0 percent level. This observation points to continued elevated yields in the long-term bond ...
