On Wire

Breaking news, updates, and reports on current events.

Five additional states pass laws to make military retirement incomes tax-free

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Five states have passed new laws that will allow those collecting military retirement checks to receive the additional benefit of collecting that money tax-free. The additions bring the total number of states that don’t subject military retirement income to their state income tax to 26, while nine others offer a partial exemption. Six states and … Read more

U.S. producer price inflation jumps 9.7% in December from a year ago, the highest y/y increase on record. U.S. DOLLAR plummeting hard. The Fed is still acting too slowly??

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U.S.🇺🇸 DOLLAR 💵 pic.twitter.com/yNiCOpMcHi — Win Smart, CFA (@WinfieldSmart) January 13, 2022 US December headline PPI inflation came in at 9.7%, a new record and just below the median forecast. The core measure was 8.3%, compared to the prior 7.7% and an 8.0% median forecastWeekly jobless claims rose to 230,000, up from 207,000 and above … Read more

Sea change at hand? Share of global central banks with policy rates < 1% has rolled over and is falling...

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Sea change at hand? Share of global central banks with policy rates < 1% has rolled over and is falling ⁦@BIS_org⁩ ⁦@TS_Lombard⁩ pic.twitter.com/JovdLCPik0 — Liz Ann Sonders (@LizAnnSonders) January 13, 2022 Negative real rates support positive returns for stocks. pic.twitter.com/9hyYHOaSOf — Daniel Lacalle (@dlacalle_IA) January 13, 2022 https://twitter.com/Damian59818983/status/1481607516337356802 "Investors still struggle with one crucial question: … Read more

Inflation Nation! US PPI Final Demand Soaring At 9.7% YoY As CPI Soared 7.0% YoY (Energy Prices Lessened In Q4 But Are Surging Again In 2022)

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by confoundedinterest17 Yesterday’s inflation report was the worst in 40 years. But at least today’s Producer Price Index Final Demand is down slightly from November. But PPI Final Demand YoY is still roaring at 9.7%. The producer price index for final demand increased 0.2% from the prior month and 9.7% from a year earlier, Labor … Read more

A New Bill In California Would “Double Taxes” In Order To Pay For A Statewide Single Payer Healthcare System

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by Michael Snyder Are politicians in California actually trying to make the mass exodus out of their state even worse?  Even though Democrats currently have control of the White House, the Senate and the House of Representatives, it has become exceedingly clear that a national single payer healthcare system is not going to happen any … Read more

The Dollar Has Entered A Death Spiral, And A Lot More Inflation Is On The Way

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by Michael Snyder Did anyone out there actually expect things to turn out differently?  When the federal government kept borrowing and spending trillions upon trillions of dollars that we did not have, we were warned that this day was coming.  And when the Federal Reserve kept pumping trillions upon trillions of fresh dollars into our … Read more

The Fed is trapped, they have to hike rates, but they wont make it very far before breaking the markets this time. I predict only 5 rate hikes this cycle, details below

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by TheHappyHawaiian The fed has fucked up. Inflation wasn’t transitory and their favorite measure, core PCE, is the highest it’s been in 4 decades. Now they have to look like they are fighting inflation by raising rates and tapering asset purchases. They are talking quite a big game right now. Many fed officials are talking about … Read more

The Fed Must Inflate or Die

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Bill Holter on Palisades Gold Radio Bill discusses the current liquidity situation with the Reverse Repo system. Banks can sleep at night with their funds being stored with the Fed while earning a return. However, the Fed can’t allow interest rates to go negatives since that would indicate the dollar is worthless. JP Morgan has a large … Read more

Charles Hugh Smith: The Real Revolution Is Underway But Nobody Recognizes It

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by Charles Hugh Smith Revolutions have a funny characteristic: they’re unpredictable. The general assumption is that revolutions are political. The revolution some foresee in the U.S. is the classic armed insurrection, or a coup or the fragmentation of the nation as states or regions declare their independence from the federal government. By focusing on the compelling drama of … Read more

CDC accused of FAT shaming. Fat people in uproar over not being able to fit in MRI machines

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I was crying so hard in the dressing area that I had a panic attack, and it’s an experience that fat people are often used to feel shame about. People wonder why fat folks wait to/don’t seek medical treatment for themselves, and it’s experiences like this that reinforce — Mary Lambert (@marylambertsing) January 4, 2022 … Read more

Mr. Market Is Now Very Impressed With Apple

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by jessefelder “To achieve superior investment results, you have to hold nonconsensus views regarding value, and they have to be accurate.” -Howard Marks, The Most Important Thing A question investors should be in the habit of asking is, ‘What does the stock price currently discount?’ Understanding what is already priced in and what is not yet … Read more

Food and cash shortages spread as Kazakhstan throttles internet – Modern life falls apart without an internet connection

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Kazakhs woke on January 8 to find themselves, for the fourth straight day, cut off from the world. Without an internet connection – essential there, too, for modern services, including paying for goods – many were also beginning to run out of food. Around 95 percent of internet users in Kazakhstan have been unable for … Read more