On Wire

Breaking news, updates, and reports on current events.

Odds are the U.S. will see a recession and market sell-off, says Peter Boockvar

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CNBC, Released on 4/6/22 Peter Boockvar, chief investment officer at Bleakley Advisory Group, joins CNBC’s ‘Squawk Box’ to discuss inflation, the Federal Reserve and the possibility of a recession in the U.S. Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.

The Fed has more money on its balance sheet (8.9 trillion) then the total value of all 401ks in the United States (7.3 trillion as of 9/21).

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by Jmeshareholder 5 trillion of that was added to the Fed’s balance sheet since Feb. 2020: https://fred.stlouisfed.org/series/WALCL 401k balances: https://www.ici.org/401k —— But oh ya, inflation is only happening because the ships and ports and all that jazz. Definitely not also because of the largest instance of debt monetization in the history of mankind. This behavior jeopardizes the … Read more

Democrat control of school boards isn’t just bad because it gives them control of education, but because they use those elections to groom candidates for higher office.

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CHANGE? Republicans Wallop Democrats in Spending on Tuesday’s Wisconsin School Board Races. Wisconsin voters are headed to the polls Tuesday to vote in critical local elections for mayors, school boards, and county executives in what may give an early preview of where the battleground state’s electorate stands on issues that could prove critical to statewide and … Read more

JPMorgan (JPM) Stock Lost 25% in 5 Months – Dragging Major Indices Down – Yet Jaime Dimon’s Compensation More Than Doubles

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JPMorgan Chase & Co. (JPM) CEO Jamie Dimon’s total compensation rose to $84.4 million for 2021, up from $31.7 million in 2020, according to the bank’s annual proxy statement filed Monday. https://www.morningstar.com/news/marketwatch/2022040471/jpmorgan-ceo-jamie-dimon-total-compensation-more-than-doubles   h/t  GroundbreakingLynx14

Rick Bomstein: It really is weird how the Fed suddenly got religion about the stock market after officials admitted to insider trading and dumped all their stocks

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It really is weird how the Fed suddenly got religion about the stock market after officials admitted to insider trading and dumped all their stocks — Rick Bomstein (@BomsteinRick) April 6, 2022 It's in the context of this surge in #FederalReserve's balance sheet (@wsj chart) that the #Fed signaled in yesterday's FOMC minutes an annual … Read more

Protesters are gathering outside Disney’s Burbank, Calif. location. High level employees were recently seen in leaked meeting videos admitting to having a “gay agenda” to indoctrinate children.

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Here is video obtained by @realchrisrufo of a recent meeting of Disney executives where Latoya Raveneau talks about her “gay agenda” and how that influences the programming she produces for children at the company. pic.twitter.com/KTJpr6PJvC — Andy Ngo (@MrAndyNgo) April 7, 2022 BREAKING: Protesters gather in front of the Disney HQ in Burbank CA chanting … Read more

Viral ‘Russian Mobile Crematorium’ Tweet is From an 8-Year-Old YouTube Video

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Courtesy PJW…. Watch the video of the so-called “mobile crematorium” here: https://t.co/V9VxJFExWh — Cernovich (@Cernovich) April 7, 2022 This is the 2nd time they've run this fake story. This "mobile crematoria" nonsense was done at the beginning of the war, right around the time of "Snake Island." They've run out of propaganda, so they're recycling … Read more

‘Pranksters’ have devised an easy method and have made a video showing exactly how to steal items from a ‘smart’ store.

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https://www.dailymail.co.uk/news/article-10694163/YouTubes-Archie-Josh-trick-unmanned-Amazon-store-not-charging-food-worth-25.html The video says ‘legally’. There is nothing legal about what they did. It was clearly fraudulent however you look at it, replacing a real product with an identical one filled with sand.   h/t anonym0us coward

German goes COMMUNIST as they “NATIONALIZE” russian gas giants Gazprom and Rosneft

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Germany to nationalizing Gazprom and Rosneft units in the country. The two Russian energy giants have a significant footprint in Germany. Germany, Europe’s largest economy, is heavily reliant on Russia for natural gas. Germany is considering nationalizing Gazprom and Rosneft units in the country, the business newspaper Handelsblatt reported Thursday, citing government sources. The Handelsblatt … Read more

“The 2s10s yield curve inverted in 1973, a comparable period of high inflation. The S&P 500 ultimately entered a bear market, falling 48%”

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Goldman Sachs compares this period to 1973 and then concludes stocks will likely RISE by 4%: "The 2s10s yield curve inverted in 1973, a comparable period of high inflation. The S&P 500 ultimately entered a bear market, falling 48%" Buyer be unaware. https://t.co/RMStiRlHkt — Mac10 (@SuburbanDrone) April 4, 2022 In the transmission sequence of higher … Read more