On Wire

Breaking news, updates, and reports on current events.

US Unit Labor Costs SOAR 9.60% QoQ As Labor Productivity DECLINES 5.20% QoQ (Worst Since 1960)

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by confoundedinterest17 If this what the Biden Administration had in mind? Soaring labor costs at the same time that labor productivity is falling to its lowest level since 1960? Powell and the Gang’s monetary approach doesn’t seem to be working for the labor market … But is working extremely well for asset prices. Wall Street parties while … Read more

Alarm! Treasury Dealer Short Positions Another Red Flag for Liquidity As Stock Market Surges On Realization The Fed May NOT Taper (And Fausti Oversold Omicron Threat)

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by confoundedinterest17 Alarm! (Bloomberg) — The recent drop in primary-dealer holdings of front-end Treasuries is another warning of potential market dislocation heading into the year-end liquidity vacuum. As of Nov. 24, primary dealers — which are mostly the large banks — were on the whole betting against two- to three-year Treasuries rather than buying. They had net short positions … Read more

Annual U.S. Home Price Growth Hits 18% in October (Highest In Non-California West And Florida, Lowest In DC, NY And Illinois)

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by confoundedinterest17 National home prices increased 18% year over year in October 2021, according to the latest CoreLogic Home Price Index (HPI®) Report . The October 2021 HPI gain was up from the October 2020 gain of 7.4% and was the highest 12-month growth in the U.S. index since the series began in 1976. The increase in home … Read more

New York City may allow noncitizens to vote

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NEW YORK – New York City, long a beacon for immigrants, is on the cusp of becoming the largest places in the country to give noncitizens the right to vote in local elections. Legally documented, voting-age noncitizens comprise nearly one in nine of the city’s 7 million voting-age inhabitants. Under a bill nearing approval, some … Read more

Trump Just Received Devastating News From Feds After His Massive Deal

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The publicly traded SPAC that has announced plans to merge with former President Donald Trump’s new social media company said in a new filing Monday that the Securities and Exchange Commission and another market regulator have asked for information regarding stock trading and communications with Trump’s company before the deal was announced. The investigations by … Read more

White house releases statement: The art world is a haven for money laundering

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The Biden administration raised some eyebrows Monday after it described the art and antiquities market as a hotbed of shady financial dealings — weeks after first son Hunter Biden’s work went on display in a Soho gallery. The warning from the White House was part of its “Strategy on Countering Corruption,” which the administration described … Read more

CNN Scandal Implodes… Anchor Comes Forward

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A former host at CNN who worked with recently-fired host Chris Cuomo is speaking out after the bombshell news from the network over the week. Cuomo was fired over the weekend after documents revealed he had assisted his brother Andrew Cuomo, who was serving as the governor of New York at the time, as he faced … Read more

China’s Central Bank (PBOC) Cuts Reserve Requirements By 50 Basis Points To Stem Tide Of Economic Slowdown And Real Estate Development Problems (Big Trouble In Big China?)

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by confoundedinterest17 Big Trouble In Big China? China cut the amount of cash most banks must hold in reserve, acting to counter the economic slowdown in a move that puts the central bank on a different policy path than many of its peers. The People’s Bank of China will reduce the reserve requirement ratio by 0.5 … Read more

40.2% of Americans are no longer allowed to visit New York City

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This means that 30% of NYC residents will be barred from public accommodation and employment and around 40.2% of Americans won't be able to visit https://t.co/xN9hriPPsp — Tim Pool (@Timcast) December 6, 2021 Control Vs Freedom. What side are you on? pic.twitter.com/qgQDolci8r — Arielle Scarcella (@ArielleScarcell) December 6, 2021

Psaki says Hunter doesn’t have to say to who he sold Chinese holding,different rules for peasants.

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Hunter’s artistic license! Psaki says President’s son doesn’t have to reveal who he finally sold his Chinese investment to or how much he made – and REFUSES to say whether she now accepts his scandalous laptop is real Jen Psaki, the White House spokesman, on Monday was asked who bought Hunter Biden’s share in a … Read more

Spy agency warned Trudeau China’s media tactics becoming more ‘sophisticated … insidious’ – The CBC 12-07-2021

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All levels of government are being targeted with sophisticated “media tactics.” If your mayors or MLAs are acting weird you needn’t look further than this. They’re being intimidated and are compromised, in some instances thoroughly. Their dirty laundry is, in some instances, being aired through coded messaging in mainstream media. In other instances the messaging … Read more