On Wire

Breaking news, updates, and reports on current events.

YOU REALLY SHOULD READ THIS: The Price of Dissent: A Reuters Data Scientist Questioned the Black Lives Matter Narrative–So the Company Fired Him.

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Zac Kriegman had the ideal résumé for the professional-managerial class: a bachelors in economics from Michigan and a J.D. from Harvard and years of experience with high-tech startups, a white-shoe law firm, and an econometrics research consultancy. He then spent six years at Thomson Reuters Corporation, the international media conglomerate, spearheading the company’s efforts on … Read more

Crypto crash continues…

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Bitcoin and other cryptocurrencies fell sharply on Thursday as hawkish minutes from the Federal Reserve’s December meeting hit global risk assets. Expectations of less monetary policy support and higher interest rates sent stocks lower on Wednesday. The sell-off filtered through to cryptocurrencies. Bitcoin and other cryptocurrencies fell sharply on Thursday as hawkish minutes from the … Read more

BIDEN TO BLAME TRUMP FOR CARNAGE… MORE DIVIDED THAN EVER… CARTER: USA TEETERS ON BRINK OF WIDENING ABYSS…

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(Bloomberg) — President Joe Biden plans a blistering critique of Donald Trump as he marks the one-year anniversary of the Jan. 6 riot at the U.S. Capitol with a speech that will warn of the dangers of misinformation and subverting democracy. The president on Thursday morning will also call on lawmakers to pass voting rights … Read more

Americans Waking Up To Inflation & Stagflation…Elected Officials To Be Voted Out?

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by Jason Burack of Wall St For Main St A new poll shows voters think Biden is making inflation worse. FULL SHOW NOTES AND LINKS HERE Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy http://www.patreon.com/wallstformainst​ or Patreon dot … Read more

The Zombie Ship of Theseus And How It Relates To The Monetary System And The Currency

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by Keith Weiner of Monetary-Metals The Ship of Theseus is an old philosophical thought experiment. It asks a question about identity. Suppose you replace all of the boards of a ship with new ones—is it still the same ship? We are not going to try to resolve this millennia-old paradox. Instead, we are going to add one more element, and … Read more

There Will Be No Significant Rate Hike in March

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by Chris Black Today was a bloody day for both stonks and crypto, especially for the latter, as BTC hit $42.5k before bouncing back a bit, after it was revealed that the FED claims to be interested in a “fast” rate-hike this year, whatever that means. BREAKING: Fed officials said a growing economy and higher … Read more

Today’s So-called Elites Are Not Liberal

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by Chris Black People love to complain about “Liberalism” but the vestiges of Anglo “Liberalism” are pretty much the only reason we aren’t in gulags right now. When 2030 hits, the critics of “Liberalism” will beg to live in a “Liberal” society. Globalists aren’t “Liberals.” They don’t give a damn about “Liberal” values. Even their … Read more

Mortgage Purchase Applications Plunge 10% WoW At End Of 2021 (But It Happens Every Year!)

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by confoundedinterest17 The last mortgage purchase applications index from the Mortgage Bankers Association was released this morning. The headline is “Mortgage Purchase Applications Plunge 10% WoW (since the previous week). But this is called “Seasonality.” And it happens EVERY YEAR. Here is a chart of mortgage purchase application (NON-seasonally adjusted). What will happen when the … Read more

Tiny Or BIG Bubbles? Buffett Indicator, Shiller CAPE At Dangerous Levels Thanks To Fed And Their Champagne Policies

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by confoundedinterest17 The Federal Reserve Open Market Committee meeting should have a Lawrence Welk bubble machine operating, particularly for their announcements. When we look at the Buffett Indicator, we can see how The Federal Reserve’s loose monetary policies (or follycies) are driving up stocks to unsustainable levels that may not survive without The Fed’s “Do Ho … Read more

Fed Minutes Flag Chance of Earlier Hikes, Balance-Sheet Rundown (When Jay Powell Speaks, People Listen [Dow Drops, 10Y T-yield Increases])

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by confoundedinterest17 Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases than previously expected, with some policy makers also favoring starting to shrink the balance sheet soon after. “Participants generally noted that, given their individual outlooks for the economy, the labor market, and inflation, it may … Read more

1, 2, 3, and 5 year Treasury yields close at their highest levels since the start of the pandemic. The rate hikes are coming.

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The market is now pricing in a >67% probability of the 1st Fed rate hike occurring in March. A month ago that probability was at 27%. pic.twitter.com/gSdiVgGbFh — Charlie Bilello (@charliebilello) January 6, 2022 pic.twitter.com/FyGD2vwFFi — Alastair (@StockBoardAsset) January 6, 2022 Australia is interesting as more is priced in as well & basically markets calling … Read more