On Wire

Breaking news, updates, and reports on current events.

Should Canada’s Truck Protests Go Global?

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by Chris Black https://twitter.com/BernieSpofforth/status/1493120054598279170 A French freedom convoy arrived in Belgium, will join other convoys later and march to Brussels together. pic.twitter.com/5tpaLB5xGG — Nickietsang (@nickietsang) February 14, 2022 The Leafistan truck protests are indeed effective. They are non-violent, have mass support and are causing problems for the system. Of course, as a result, the system … Read more

China is a Global Mercantile Empire in Expansion

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by Chris Black China has racked up other smaller and poorer nations with $385 billion in total debt with the belt and road initiative. This shouldn’t come as no surprise considering the close ties China with its BRI project has with the IMF, The World Bank and folks at Davos, Switzerland. Out with the old … Read more

Pfizer Warns People About the Dangers of Blood Cloths

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by Chris Black Hmm, no one could have predicted this… Deep vein thrombosis (#DVT), a blood clot in a deep vein, can travel to the lungs, leading to a pulmonary embolism (#PE). Symptoms of PE include difficulty breathing and chest pain. Contact your doctor if experiencing symptoms—this is no time to wait. — Pfizer Inc. … Read more

Regulators Afraid: Systemic Risk Of Zombie Companies On The Rise | Leverage Loans Could Burst Bubble

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Risks associated with #leveragedlending remain a concern for the #FederalReserve and other top federal bank regulators, according to a new government report. Most of those held by #banks are higher-rated, with zombie companies holding the bulk of the riskiest #loans. The number of loans and the eroding of safeguards in each transaction are growing.

Canadian police loses 3500 guns

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This is beyond what any gun shop could order in Canada, it is definitely related to law enforcement or military activities. If I had to guess, tomorrow we will have a nice press release from the government on how “due to the loss of these dangerous weapons, we now have to search all trucks and … Read more

Higher prices!! Lower real incomes!! Exactly what everyone at the Federal Reserve has been calling for for a decade!

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This is so great!! Higher prices!! Lower real incomes!! Exactly what everyone at the @federalreserve has been calling for for a decade! God I wish someone would give me a huge nationwide advertising budget. pic.twitter.com/F07TDAWkxZ — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) February 14, 2022 https://twitter.com/Rubinations/status/1492507285318475780

Bonds flashing warning signs again….

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$QQQ vs $TLT for one example why this may matter for markets. Time to catch down again? pic.twitter.com/uEeFpBRTM1 — Markets & Mayhem (@Mayhem4Markets) February 14, 2022 #recession … #Global $USD #Liquidity #Squeeze edition#FX #forex #Euro $EUR $EURUSD 📉 https://t.co/dHaOsn1q1Q — Invariant Perspective (@InvariantPersp1) February 14, 2022

Inversing Cramer and following Pelosi

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by wokeismyreligion https://imgur.com/gallery/QTT7fLl This is how you did if you inversed Cramer and followed Pelosi’s trades. There is a good reason Cramer is on TV and it’s not to help the little guy. Pro Cramer Returns: -10.62 Inverse Cramer Returns: 2.84% Congress definitely is not following Cramer, they are following Pelosi. Congress returns: 9.71% Pelosi returns: … Read more

How Valentine’s Day Became a Lucrative Holiday

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by Martin Armstrong Some believe Valentine’s Day originated as a way to offset the Pagan holiday of Lupercalia, which History described as “a bloody, violent and sexually charged celebration awash with animal sacrifice, random matchmaking and coupling in the hopes of warding off evil spirits and infertility.” Pope Gelasius declared February 14 St. Valentine’s Day during the 5th century. … Read more

US Household Debt Rises by $1 Trillion

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by Martin Armstrong Household debt in the US spiked to the highest level since 2007. According to the Federal Reserve Bank of New York, Americans accumulated an additional $1 trillion in debt, with the figure growing by $333 billion in Q4 alone. Mortgage and auto loans are the main sources of debt for Americans. Home … Read more

Justin Trudeau to speak at 4:30pm ET

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Prime Minister Justin Trudeau to speak at 4:30pm ET / 1:30pm PT â—Ź Watch and Read: Kenney, Ford, Poilievre, Singh, and the Emergencies Act â—Ź MPs defeat Conservative motion calling for plan to remove federal restrictions https://www.cpac.ca/episode?id=f9809cea-1e07-47cd-a94d-2ddd3e1351db

Oldest pub in Britain closes after 1,229 years. Survived the Black Death but couldn’t outlast Boris Johnson

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I’ve been there in 1993. A bunch of guys took me there and I asked a dumb question “what was this place before it became a pub? They responded, A PUB!” The current operator of the pub in St. Albans announced on Friday that they have filed for bankruptcy, blaming “a sustained period of extremely … Read more

Have Used Car Prices Peaked? Not Quite Yet

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BY JOHN RUBINO  Cars used to be the quintessential depreciating asset. Drive a new one off the lot and you were immediately down 40%. Subsequent declines were slower, but they never really stopped. But that was before Fed stimulus escaped from its financial asset silo and inundated normal life. Now, cars – even used ones — … Read more