On Wire

Breaking news, updates, and reports on current events.

Uh Oh! Dems Unable To Do Math on Build Better Back Bill

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https://www.youtube.com/watch?v=OXpWQOa1wvI Mike LaChance from American Lookout reports, Last week, the Congressional Budget Office said that the Build Back Better plan would cost trillions of dollars more than Democrats are admitting. Democrats must have put out a set of talking points to party members, because they’re now trying to discredit the CBO and saying that their … Read more

The Fed Has Spoken

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by Martin Armstrong The Federal Open Market Committee plans to taper its asset purchasing program by $30 billion per month. Starting in January, the central bank will begin buying $60 billion in bonds monthly, citing “inflation developments and the further improvement in the labor market.” As for interest rates, the Fed is considering as many … Read more

This woman was arrested in AUGUST 2020 and the FBI didn’t arrest the producer until last week?

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HENDERSON, Nev. (KLAS) — A Henderson woman is facing charges for her alleged role in an incident where a CNN producer paid her to travel cross-country with a child for sex, police confirmed Tuesday. Henderson police arrested Heather Carriker, 48, in August 2020, a spokesperson for the department confirmed. Carriker was charged with two counts of … Read more

Nobody likes to talk about hedging. It’s like insurance, and not many people are excited about the topic of insurance.

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by HSeldon2020 Here is the general idea – since the market (i.e. SPY) is such a huge determining factor in how your trades will perform, then having a portfolio that is heavily biased in one direction is subject to serious damage if the market goes counter to that bias. In other words, if you were Long ABBV, … Read more

America’s Billionaires Are Cashing Out Their Stocks Like Never Before ($42.9 Billion So Far This Year)

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Think Elon Musk’s Twitter polls where he asked the public if he should dump billions in stock were just the latest troll by the world’s richest man? Think again. America’s billionaires have sold $42.9 billion in stock this year, more than doubling their $20.2 billion total in 2020, according to the Bloomberg Billionaires Index. Their … Read more

NYC Declares War on Gas Stoves

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https://reason.com/2021/12/17/nyc-declar…as-stoves/ New York City Council voted to ban the installation of furnaces, boilers, hot water heaters, and cooking stoves that burn fossil fuels in new buildings lower than seven stories constructed after 2024, and in buildings over seven stories beginning in 2027. The ban is a way to reduce the city’s emissions of greenhouse gases … Read more

Turkish Lira Freefall Accelerates Despite Central Bank Intervention (Turkey’s 10Y Yield At 21.50%, Very Venezuela-Like With Inflation At 21.31%)

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by confoundedinterest17 Turkey (the nation, not the bird) is now the Venezuela of Europe/Middle East, where insane government policies are destroying both nations. (Dow Jones) — Turkey’s central bank intervened to arrest the plunge in the country’s currency, which lost as much as 8% of its value against the dollar on Friday in an ongoing crisis that is … Read more

Derek Chauvin Changes Pleas to GUILTY in Federal Civil Rights Charges Pertaining to his Role in George Floyd’s Death

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by Chris Black This is the current ZOG playbook for Whites they want to crush for the color of their skin, regardless of if they’re innocent or not – charge them locally and then follow that up with federal charges (just in case the local court isn’t corrupt enough to convict) and force a guilty … Read more

AMAZON partnered with China propaganda arm…

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Amazon was marketing a collection of President Xi Jinping’s speeches and writings on its Chinese website about two years ago, when Beijing delivered an edict, according to two people familiar with the incident. The American e-commerce giant must stop allowing any customer ratings and reviews in China. A negative review of Xi’s book prompted the demand, … Read more

Adam Schiff Begs For Mercy… ‘Resign From Office…’

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Fox News host Mark Levin is not only calling Massachusetts Democrat Sen. Elizabeth Warren a “thug,” but he also believes that California Democrat Rep. Adam Schiff should be disbarred. During an interview on Fox News with host Sean Hannity, Levin spoke about reports that Schiff and his staff on the Democrat-led January 6 Commission admitted … Read more

The growth rate in the US economy has been declining; Long-term Treasury rates peaked; Small caps started to underperform large caps…

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  A fatal flaw is saying "3.6% is still good" or "above trend." The growth rate almost never flatlines or moves sideways at "trend" The next major asset allocation pivot will come when the growth rate in the economy sustainably changes direction again. 5/ — Eric Basmajian (@EPBResearch) December 17, 2021 Small caps started to … Read more

Will S&P 500 Reversal Pattern Spell Doom For Stock Bulls?

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by Kimble Charting Rising stock market volatility has made for a very tough trading environment for investors. And while stocks remain elevated, several key indexes and indicators are flashing caution. Last week, I highlighted an important tech stocks ratio that is teetering. And today, we focus on the broader stock market via the S&P 500 Index. On the … Read more