On Wire

Breaking news, updates, and reports on current events.

Former New York Fed President: The Fed’s chances of pulling off a soft-landing “are very, very low”

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The Fed's chances of pulling off a soft-landing "are very, very low," says Bill Dudley, former New York Fed President and Bloomberg Opinion Columnist https://t.co/owt2IMb5I9 pic.twitter.com/iAYI4yDyZY — BSurveillance (@bsurveillance) April 6, 2022 DEUTSCHE first big bank to forecast recession Black-Swan Funds Thrive Brainard is amongst the most dovish FOMC members. She is quoting Volcker. Let … Read more

George Gammon: Sanctions are merely a way for Rich people to feel good at the expense of the poor.

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Sanctions are merely a way for Rich people to feel good at the expense of the poor. — George Gammon (@GeorgeGammon) April 6, 2022 ECONOMIC SANCTIONS PARADOX:1. EU countries sanction Russia to hurt its economy2. The commodities that Russia sells increase in price 3. EU countries buy these commodities at the higher prices4. Russia's economy … Read more

Twitter Shares Jump After Elon Musk Buy-in

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by Chris Black So Musk made what, 35% return on his investment in a week? Not because of anything the company did, but just because he bought into it. This is celebrity investing and the fools that chase it in a nutshell. Elon made more money in stock appreciation than Twitter makes in profit. Twitter … Read more

Say Hello to the Gold Backed Ruble

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by Chris Black Russian central bank announced that it will put the ruble on a gold standard. The bank pegged 1 gram of gold to 5,000 rubles. Now that means, one troy ounce of gold or 32 grams of Gold would now cost 160000 rubles in Russia. At the current exchange rate, 32 grams of … Read more

Senator Carper just reported heavily shorting the market…. The bear market rally is over?

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Senator Carper just reported heavily shorting the market. He was elected to improve businesses, jobs, and the economy – but now he's personally betting against that. Not a good look for an American lawmaker. Report edited. pic.twitter.com/eehy2vARm1 — congresstrading.com (@congresstrading) April 5, 2022 NO BIDS: THE BEAR MARKET RALLY IS OVER https://t.co/X1lyNHS32n via @the_real_fly pic.twitter.com/zxGfoZW2Ei … Read more

Ex-NFL Player: $20 Gas OK if ‘No Trump’

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Two-time Super Bowl champ turned Fox Sports NFL commentator Shannon Sharpe is happy for the rest of us to live with skyrocketing gas prices if that’s the price of no more mean tweets. The 53-year-old former Denver Broncos tight end tweeted his disdain for former President Donald Trump in response to a challenge from another … Read more

The rent is too damn high…

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Rental prices for single-family homes have skyrocketed to record levels across the U.S., increasing to an average of 7.8 percent in 2021. Apartment rents are up too. “Of the markets in our analysis, 97.7 percent recorded price increases for one-bedrooms and all markets saw increases for two-bedrooms [100 percent],” the report, issued last month, said. “Nationwide rent … Read more

When Fed Gov Brainard Talks, Markets Listen! Brainard Says Fed Will Shrink The Balance Sheet At A Rapid Rate (10Y Treasury Yield Rises 16 BPS As Nasdaq Falls 300 PTS) Mortgage Rates Will SOAR!!

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by confoundedinterest17 When Federal Reserve Governor Lael Brainard speaks, markets listen Federal Reserve Governor Lael Brainard said the U.S. central bank will continue to tighten policy methodically and shrink its balance sheet at a rapid pace as soon as May.  Brainard’s hawkish remarks sent bond prices crashing and 10Y bond yields up over 16 bps. While Bankrate’s 30Y mortgage rate is … Read more

DoD to Spend $3.8M on Bird Care

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The Pentagon is no stranger to wasteful spending, but its latest project spends up to $3.8 million to care for a captive bird species known as the Loggerhead Shrike. The Defense Department grant notice describes its goal to “continue to maintain and care for captive Loggerhead Shrikes for release, provide necessary veterinary care and pathology … Read more

Grand Jury Drops NUKE On Joe Biden…

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Anyone trying to make sense of the drama and numerous conflicts surrounding the contents of Hunter Biden’s laptop has heard about the “Big Guy”.  A dude who mysteriously gets kickbacks- and no doubt wondered, “who is the big guy”?  We may be getting closer to finding out with some much-needed proof, according to court documents. … Read more

Professor: Hate inflation? Take the bus, don’t eat meat, cut back on pet care, yeah OK

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An economics professor has a solution for the little people dealing with the country’s inflationary woes: Use mass transportation, eat more veggies instead of meat, and cut back on unnecessary care for your pets. In a Bloomberg.com op-ed, the New School’s Teresa Ghilarducci says these tips are a good idea for anyone making less than … Read more

Apple Lobbies Corporate World to Denounce Bills Protecting Children from Body-Altering Procedures emailing executives Fortune 500 urging same

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If you think prepubescent kids shouldn’t be pumped full of artificial hormones that in many cases permanently castrate them, then Apple is lobbying against you, and attempting to bring the might of the Fortune 500 to their side. The tech giant is engaged in an intense lobbying effort against bills aimed at protecting kids from … Read more