On Wire

Breaking news, updates, and reports on current events.

Double Whammy, Staglflation Style! US Rents Soaring (12%) As Real-time Q1 GDP Slows To 0.7%

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by confoundedinterest17 Call this a double whammy! Red-hot rents combined with a slowing economy. According to CoreLogic, single-family annual rent growth finished 2021 at a new record: 11.7% YoY for high tier rental properties and 10.4% YoY for low tier rental properties. Of course, southern and southwest rental properties are seeing the fastest rent growth. Particularly Miami at 36% … Read more

EVERYTHING IS GOING SWIMMINGLY: Trust in elected leaders and media hits bottom.

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via washingtonexaminer: Confidence that elected leaders and journalists will act in America’s best interests has dropped so far that their “trust” ratings can’t fall much more. According to the latest Pew Research Center survey, just 2% of adults have a “great deal of confidence” that elected officials can be trusted with national affairs. And for journalists, … Read more

We are in week 9 of sequential t-bond yield increase. The fastest pace since February 2000. Then, the bubble exploded.

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After the Y2K date change the Fed realized they were behind the curve on easing so they accelerated their tightening process, deja vu of right now. We are in week 9 of sequential t-bond yield increase. The fastest pace since February 2000. Then, the bubble exploded. pic.twitter.com/XCualBdAuJ — Mac10 (@SuburbanDrone) February 16, 2022 Weekly money … Read more

Strategist Warns Of Incoming Food Price Explosion

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Food prices drove much of the inflation rise in January, according to the latest data from the Bureau of Labor Statistics. And there’s no relief is in sight for consumers struggling with sky-high food expenses, says one strategist. “Part of the problem beyond the cost of raw materials is the packaging materials; 80% is made … Read more

The FBI is currently raiding the Houston Health Department.

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#BREAKING: #FBI Boston's Joint Terrorism Task Force provided information to authorities in Sweden who arrested Alexander Giannakakis today for allegedly obstructing our investigation into fires set at Jewish-affiliated institutions in greater Boston. https://t.co/rYVfMRDR7C pic.twitter.com/dWq8SKNU4p — FBI Boston (@FBIBoston) February 16, 2022 “The FBI executed a search warrant at the Houston Health Department’s administrative offices on … Read more

U.S. Cops To Become Brain Scanning Marijuana Detectors

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by mapi If Mass General Hospital (MGH) has its way, law enforcement officers in the United States will soon be using portable functional near-infrared spectroscopy (fNIRS) scanners on motorists. A recent Boston Globe article describes fNIRS as a “breakthrough” in detecting marijuana impairment. “Boston researchers say they’ve developed a new, noninvasive technique for detecting marijuana highs that can reliably … Read more

BIS Gold swaps increased by 21% in January

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By Robert Lambourne via GATA The recently released January 2022 statement of account of the Bank for International Settlements — https://www.bis.org/banking/balsheet/statofacc220131.pdf — contains information suggesting an increase of about 87 tonnes in the bank’s gold swaps, from 414 tonnes in December to 501 tonnes in January, or 21%. This compares to the record 12-month high estimated at 552 tonnes … Read more

Ron Paul Warned Us

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Ron Paul voted against the Patriot Act in 2001. He said this would happen. Before the 2020 election there was was 2012 The media was behind Romney (Michigan Obama) to run from the “other side”. But Ron Paul was the real candidate of choice. So they ignored him. They even refused to talk about him … Read more

Scientists may have cured HIV for the first time

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An American research team reported that it has possibly cured HIV in a woman for the first time. Building on past successes, as well as failures, in the HIV-cure research field, these scientists used a cutting-edge stem cell transplant method that they expect will expand the pool of people who could receive similar treatment to … Read more

DECOUPLING: America Is Showering China With New Restrictions.

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“In recent years, Washington’s China policies have expanded rapidly into technology sectors such as telecommunications, semiconductors, data security, and financial services. Growing bipartisan concern about Beijing’s actions and intentions have fueled these developments, with little difference between the Trump and Biden administrations or between the White House and Congress.” https://foreignpolicy.com/2022/02/15/us-china-economic-financial-decoupling-controls-restrictions-sanctions/

New US Foreign Policy: Exporting Inflation Around The Globe As The Fed Keeps Printing (US Export Prices UP 15.1% YoY, Import Prices UP 10.8% YoY)

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by confoundedinterest17 Another effect of The Federal Reserve’s reckless monetary policy coupled with Biden/Congress reckless spending is bad foreign policy. The US is exporting inflation around the globe. US export price YoY is at 15.1%. The US is importing less inflation at 10.8% YoY. Here is the export/import stack. Things are not well in the … Read more

Poll on Joe Biden’s Disastrous State Approval Ratings Shows Why Joe Manchin Holds All the Cards.

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The numbers reaffirm why it’s him and not Biden who holds all the cards when it comes to the various stalemates between the two on issues like the filibuster, Build Back Better, and so-called “voting rights” legislation. Manchin is pretty close to “King of the Hill” territory in his state while Biden is floundering and … Read more

MAKE THEM PAY: Professor sues university, alleges officials acted to ‘cancel’ him.

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St. Joseph’s University math scholar Gregory Manco has filed a lawsuit against the institution he has taught at since 2005, alleging officials conspired with former students of his to get him fired. The lawsuit alleges a handful of administrators gave credence to false and unsupported claims of racial bias, “then used those allegations to justify an investigation, … Read more