On Wire

Breaking news, updates, and reports on current events.

Mortgage Purchase Applications Rise 51.2% From Previous Week Despite Rising Mortgage Rates (Refi Apps Up 42.77%)

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by confoundedinterest17 US mortgage purchase applications rose 51.2% from previous week, despite mortgage rates rising. Of course, the first weeks of most years see large increases in mortgage purchase applications. Mortgage refinancing applications were up 42.77% from the previous week. Here is the MBA data. So, the US housing market is off to a fast (and … Read more

What will happen to interest-rates in 2022?

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by Shaun Richards Today’s topic has become something of a hot subject as 2022 has begun. Some of you may recall that it was to some extent as 2021 opened but there was a difference as back then bond yields were rising but central banks had no intention of raising interest-rates. Indeed there were times … Read more

Almost like every recessions just makes the yields more and more volatile

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by  laflammaster If you take a closer look, recession happens when the yield rates converge. By historical metrics, recessions should have started mid-late 2019 (which it kind of did). Sauce: https://www.federalreserve.gov/datadownload/Chart.aspx?rel=H15&series=bf17364827e38702b42a58cf8eaa3f78&lastobs=&from=&to=&filetype=csv&label=include&layout=seriescolumn&type=package&pp=Format  

Manchin Sends Warning To Senate

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Biden to push Senate rule change in bid to pass voting-rights law The president will address the issue in a speech in Atlanta on Tuesday Jen Psaki said Biden would bring up the idea of changing Senate rules At present, 60 senators must back most legislation for it to pass Psaki said the president was … Read more

Inflation Nightmare After Latest Announcement… Small Biz Owners: Inflation HUGE Problem

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Inflation has reached its highest level in nearly 40 years, causing concern among consumers and posing a political liability for Biden as his socialist policies continue to devastate the nation. Most polls have Republicans re-taking the House in the upcoming election in response to how poor of a job Biden has done. According to the … Read more

One year later, Gamestop enters Death Cross. As the year of the pump and dump heads for final explosion.

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One year later, Gamestop enters Death Cross. As the year of the pump and dump heads for final explosion. pic.twitter.com/StfazK2mBA — Mac10 (@SuburbanDrone) January 12, 2022 Large cap internet stocks just had a death cross, similar to Bitcoin. This is the wave count. I expected system test in December, but the market bounced in wave … Read more

EU to hold large-scale cyber attack drill simulating a major attack on supply chains

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The European Union will soon stage a far-reaching cyber security exercise intended to prepare for an attack that affects the continent’s distribution networks, Bloomberg reported, noting the drill will be held over several weeks. EU members will begin the exercise sometime in the coming days and continue for six weeks, according to a report in Bloomberg on … Read more

U.S. Government Suddenly Stops Paying People

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The Treasury Department is warning that tax refunds and other services may be delayed this year because of “enormous challenges” including the coronavirus pandemic and previous budget cuts made at the Internal Revenue Service (IRS). Treasury officials told reporters during a phone all on Monday that they are predicting a “frustrating season” for taxpayers and tax preparers … Read more

US CPI inflation 7%. Highest in 40 years! Real earnings down by 2.4%. The Fed is still running an extremely aggressive monetary policy.

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BREAKING: U.S. inflation hits 7%, highest in 40 years pic.twitter.com/oumNsoCsca — Javier Blas (@JavierBlas) January 12, 2022 https://twitter.com/NorthmanTrader/status/1481264500519194627 #Fed Balance Sheet @ $9 trillion UNSUSTAINABLE !!!! pic.twitter.com/kf9znIB9b3 — MrTopStep (@MrTopStep) January 12, 2022 Inflation is running at 7% and the Fed is still running an extremely aggressive monetary policy. The Fed is talking the talk … Read more

Facebook Announces Liberal Colonization of Texas

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by Chirs Black Make Texas California again. This is not something we should celebrate. Conservatives better wake the fuck up. Like the article says…this is more like a virus than a mammal. Even Mark Zuckerberg is leaving California for Texas https://t.co/d1MrzTp3Dv — SurfsUp 🇺🇸 🇺🇸 🇺🇸 "Listless Vessel" (@SurfsUp3258) January 11, 2022  

“Liberal” Democracy is a Myth

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by Chirs Black One of the main problems with “democracy” is that it doesn’t really exist.  “Democratic” states are always owned by an oligarchy (either covert or overt) that controls a corrupt bureaucracy, which in turn tricks the masses into thinking that they have power over society by allowing them to vote in a new … Read more

“It’s Like A Soviet Store”: Americans Are Absolutely Horrified By Empty Shelves From Coast To Coast

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by Michael Snyder A year ago, we were promised that the Biden regime would be leading us into a new golden era of prosperity.  Obviously, that has not happened.  Instead, we are dealing with bare store shelves and painfully high prices from coast to coast.  Many are comparing this crisis to the Jimmy Carter era … Read more