On Wire

Breaking news, updates, and reports on current events.

Turkish lira blows through 15 per dollar ahead of rate decision [16.5 per dollar = currency has halved in value in 15 weeks]

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  https://www.reuters.com/markets/currencies/turkish-lira-flat-ahead-cenbank-meeting-2021-12-16/ ISTANBUL, Dec 16 (Reuters) – The Turkish lira dropped to an all-time lowbeyond 15 against the dollar on Thursday ahead of another expected interest rate cutby the central bank, which has fallen in line with President Tayyip Erdogan’s risky new economic programme. The lira touched 15.2 at 0606 GMT, a record low, and … Read more

Both the Amazon warehouse and the candle factory where people were killed by tornados refused to let their employees leave when the storm was approaching…

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29-year old Clayton Cope rushed to save the lives of his co-workers and warn them about the tornado. He was killed when the warehouse collapsed. "At least I did get to say I love you," his mother told the local news. pic.twitter.com/RexbmqoM5H — More Perfect Union (@MorePerfectUS) December 13, 2021 Amazon workers are also decrying … Read more

America’s wealthiest pastor Kenneth Copeland worth $770,000,000

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Televangelist Kenneth Copeland, the richest pastor in America, avoids paying an annual property tax bill of $150,000 by claiming that his massive lakeside mansion is a clergy residence, which qualifies it for a complete tax break. Copeland, 85, enjoys the spoils of his six-bed, six-bath house – with a sweeping spiral staircase, crystal chandeliers and … Read more

Record Nasdaq lows at an S&P ATH… Two warning signs within 30 days. Hindenburg Omen triggered, not bullish.

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In my last post I showed record Nasdaq lows at an S&P ATH. Here we see Nasdaq new lows on S&P UP DAYS. Suppressing the 2020 gong show, we see the highest number since Dec. '18 FOMC. Except of course the market was already tanking back then. pic.twitter.com/bKjvK2EEvj — Mac10 (@SuburbanDrone) December 16, 2021 I … Read more

Argentina is the Blue Print for USA in the Near Future

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by Chris Black Interesting video on Argentina, the world’s first post-European state. The country went from First World to Second World in the last 15 years. You see a similar pattern in the US, especially California, Florida, and Texas. Dutton mentions Argentina’s demographic change, from white supermajority to now whites under 50% as a factor, … Read more

FOMC Today, Quick Recap

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by Chris Black Here’s the news: Read the FOMC’s December statement on faster taper https://t.co/c2vmjjYzQO — MarketWatch (@MarketWatch) December 15, 2021 Here’s the deal: They’re still going to pump-in tens of billions of dollars over the next couple months. The big news, and the thing that will be gradually priced in, is uncertainty over raising … Read more

AWS Goes Down Again

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by Chris Black Most of the world relies now on Amazon Web Services, including various alphabet agencies like the CIA. A few months ago there was a huge problem with the security certificates for a lot of websites not getting updated. So you couldn’t access the DNS, effectively blocking the websites. I miss the time … Read more

“If We Were Using The Same CPI We Used in 1982, [Inflation] Would Be Closer to 15%… The Worst Year … In US History”

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Tucker leads the conversation by noting that CPI rose by nearly 7% year over year in November, the highest inflation in decades. While that’s bad enough, Schiff responded by noting that CPI probably isn’t even the right measure of inflation, with the true inflation number being far, far higher. In his words: When they compare … Read more

Small Businesses’ Big Message For The Markets

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by jessefelder Earlier this week, the NFIB released the results of its November survey of small businesses. This report has important implications for investors for two reasons. First, small businesses are a very good leading indicator of inflation trends in the broadest sense. The chart below (hat tip to the brilliant Julian Brigden) plots median CPI alongside small … Read more

German Justice Minister Says Telegram is Criminal Because People Use It to Speak Out Against Tyranny

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by Chris Black The more things change, the more they stay the same. https://twitter.com/disclosetv/status/1470715773681344512 The irony is lost on Marco. He’s a member of the “Freedom Party”, while claiming that people exchanging ideas freely over the internet threatens democracy or whatever. According to Marco, a democracy cannot survive without censorship, and Telegram is maybe the … Read more

Textbook policy mistake in the making, says Mr. Market.

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Textbook policy mistake in the making, says Mr. Market. Curve flattening sharply.Front-end pricing an aggressive reaction function, but anticipating the cycle is going to end very quickly and never get even closer to the 2.5% long-term dot the Fed hopes for. They never learn. — Alf (@MacroAlf) December 15, 2021  

Pork Recall 2021: Alexander & Hornung Recalls 2.3 MILLION Pounds Ham, Pepperoni for ‘Possible’ Listeria

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The Attack on America’s food supply continues. ‘Ahead of Christmas, meat producer Alexander & Hornung has expanded its recall from 234,391 pounds to 2,320,774 pounds of pork products. The recall notice posted on the Department of Agriculture’s Food Safety and Inspection Service website also has been updated with an expanded list of fully cooked ham … Read more