Articles Written by:    MICHAEL SHEDLOCK     

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Winter Heating Costs: How Hard a Hit?

With winter right around the corner, there is likely to be some concern about heating bills. With that in mind, let's take a look at commodity prices to see what may be in store for the average consumer. Front Month Heating Oil Monthly Chart ...

From MICHAEL SHEDLOCK, Seeking Alpha,  18 Oct 2008

Residential Construction Slump: Harsh but Necessary

Housing starts in the U.S. fell more than forecast in September as construction of single-family homes plunged to the lowest level in 26 years, indicating the three-year real-estate slump is intensifying. Construction of single-family homes dropped 12 ...

From MICHAEL SHEDLOCK, ETF Investor,  17 Oct 2008
Related Topics: Bloomberg News

OPEC Embarks on a Fool's Mission

Oil has fallen below $70 in the wake of a slowing global economy and massive deleveraging by hedge funds. Monthly Crude Chart click on chart for sharper image When oil was consolidating near $100 I thought that was it. It was plain to see that the ...

From MICHAEL SHEDLOCK, ETF Investor,  16 Oct 2008
Related Topics: OPEC,  NASDAQ,  Rio Tinto Plc

Can the Global Financial System Be Updated? And By Whom?

EU leaders called for a global summit as soon as next month to rewrite the 1944 Bretton Woods accord that paved the way for Europe's post-World War II reconstruction and set up the institutions that oversee the world economy today. "We had the ...

From MICHAEL SHEDLOCK, Seeking Alpha,  16 Oct 2008
Related Topics: Gordon Brown,  Nicolas Sarkozy,  Jean-Claude Trichet,  International Monetary Fund

Baltic Dry Shipping Index: If It Really Is a Proxy for the Economy, We're in Trouble

The Baltic Dry Shipping Index covers dry bulk shipping rates and some view it as a proxy for general economic health. The index continues to collapse. Baltic Dry Index Notice that the indicator is back at levels not seen since 2005 and is ...

From MICHAEL SHEDLOCK, Seeking Alpha,  15 Oct 2008
Related Topics: Nordea Bank

Now It's the Manufacturing Collapse

The Empire State Manufacturing Survey indicates that conditions for New York manufacturers deteriorated significantly in October. The general business conditions index dropped 17 points to a record-low -24.6. The new orders index also fell to a record ...

From MICHAEL SHEDLOCK, ETF Investor,  15 Oct 2008

The Paulson Plan: Compelling Banks to Lend at Bazooka Point

For now, you can force banks to take money, but you can't force them to lend it. Let's explore this theory starting with a look at the Drama Behind a $250 Billion Banking Deal. The chief executives of the nine largest banks in the United States trooped ...

From MICHAEL SHEDLOCK, Seeking Alpha,  15 Oct 2008
Related Topics: Wells Fargo,  Jamie Dimon,  J.P. Morgan Chase & Co.,  U.S. Congress,  Citigroup

Don't Take Over the Free Markets to Save Them

The US Government is to spend up to $250 billion buying direct stakes in banks and other financial institutions under a controversial emergency plan which President Bush insisted today was "not intended to take over the free market but to preserve it". ...

From MICHAEL SHEDLOCK, ETF Investor,  14 Oct 2008
Related Topics: George W. Bush

The Main Problem with the Office of Financial Stability Is Needing It in the First Place

Treasury Secretary Henry Paulson has called the top U.S. banking heads to a meeting today in Washington, people familiar with the matter said. The 3 p.m. ET meeting at Treasury is being called while most of the banking chiefs are in Washington for ...

From MICHAEL SHEDLOCK, Seeking Alpha,  13 Oct 2008
Related Topics: U.S. Congress,  Henry Paulson,  Neel Kashkari,  International Monetary Fund,  Kenneth D Lewis

Of Guarantees and Printing Presses

Ireland guaranteed bank deposits putting Germany and the UK at a disadvantage. After criticizing Ireland, Germany did the same. The UK stepped in to guarantee bonds so now Germany and the US are at a competitive disadvantage. Am I the only one who ...

From MICHAEL SHEDLOCK, Seeking Alpha,  13 Oct 2008
Related Topics: European Commission,  Nicolas Sarkozy,  Kevin Rudd,  Gordon Brown,  Angela Merkel

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