On Wire

Breaking news, updates, and reports on current events.

Amazon employees in 20 countries will strike on Black Friday for better working conditions

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by Delicious_Reporter21 Amazon employees in 20 countries are preparing to strike on Black Friday as part of the “Make Amazon Pay” campaign. The campaign includes a coalition of 70 organizations, including Greenpeace, Oxfam, and Amazon Workers International. The protests come amid mounting dissent from Amazon employees over working condition and union busting. This seems like … Read more

Like Stagflation? You Will Love Build Back Better

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On November 18, the U.S. House of Representatives narrowly passed the single-largest spending bill in American history: President Biden’s Build Back Better Act. Now, the only thing standing between Build Back Better becoming the law of the land is the U.S. Senate, but more specifically, Sens. Joe Manchin (D‑WV) and Kyrsten Sinema (D‑AZ). As of … Read more

Tesla barely sells 10% of EV’s in the advanced EV markets of China and Europe, where 1 in 5 cars sales are EV’s (US 1 in 30)

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by Historical_Job_8609 Whilst Tesla dominates US EV sales (it has fallen to around 66% first half) where EV sales might be 3% of car sales this year, Tesla is presently selling around 7% of EV’s in Europe and 9% in China, where EV sells will be a staggering 1 in 5 cars sales. Whilst the … Read more

Home Sales Rose 0.8% MoM In October As Investors Rushed Into The Market (Inventory Remains Thin, Median Price +13.1% YoY)

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by confoundedinterest17 Fools rush in … or at least investors rush into the US housing market. Investors made up 17% of existing home purchases in October. Inventory of homes remains depressed and with investors picking up 17% of homes for sale, the median price of existing homes rose to 13.1% YoY. While existing home sales rose 0.8% MoM, … Read more

Bernie’s & Biden’s Build Back Better Bill Balloons To $5 TRILLION From $2.4 TRILLION (More Than Biden’s Quote Of $0)

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by confoundedinterest17 To quote Gomer Pyle USMC, “Surprise, surprise, surprise!” The humongous spending bill awaiting Joe Manchin to sign off on it will cost almost double what the CBO said it would. Why? Because spending programs in Washington DC never get cancelled, they only grow. The Committee For A Responsible Federal Budget estimates that the true … Read more

Millennials Priced Out of Home Ownership

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by Martin Armstrong Why do 20% of Millennials (25-40-year-olds) in the US believe homeownership is completely unobtainable? To start, rentals across the US are on the rise. The Fair Market Rents (FMRs) compile data every year to determine the cost of the 40th percentile gross rents for typical, non-substandard rental units. This means that the majority of rental properties … Read more

Insiders Just Exposed That A Terrifying Stock Market Crash Forecast Is About To Come True

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https://www.youtube.com/watch?v=4fnFAiEqzLU The stock market is doing some really crazy things. Over the past 18 months, we have seen major swings in both directions. Now, it looks like we’re at the peak of the frenzy, which probably will be short-lived as interest rates start to rise in the coming weeks. If not else emerges to bursts … Read more

The Fed’s Gilded Age: A Tale of Today’s Housing Market (REAL Home Prices Rising At 14.6% YoY As REAL Hourly Earnings Fall (-0.41% YoY)

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by confoundedinterest17 Welcome to The Fed’s Gilded Age … for housing! The gilded age refers to the thin-veneer of gold covering up problems in the late 1800s. Today’s gilded age is largely fueled by The Federal Reserve’s uber-easy monetary policies combined with absurd Federal government policies. The result? Thanks to inflation, REAL home prices are growing … Read more

Investors Expect High Inflation: Gold Preparing Counter-Attack To Punish Gold Bears?

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by Arkadiusz Sieron of Sunshine Profits Inflation expectations reached a record high. Is gold preparing a counterattack to punish gold bears? In a classic Monty Python sketch, nobody expects the Spanish inquisition. In the current marketplace, everyone expects high inflation. As the chart below shows, the inflation expectations embedded in US Treasury yields have recently risen to the highest level since … Read more

RUBBING SALT IN THE WOUNDS: Giveaway to the rich is one of the biggest pieces of Build Back Better.

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Let it be noted that one of the biggest items in the Build Back Better bill — its second-most-expensive provision — is its massive tax cut for the rich. BBB raises the cap on deducting state and local taxes (SALT) on your federal return from $10,000 to $72,500, then gradually to $80,000. That works out to $285 … Read more

Michael Flynn Claims Dems Plotting Financial Collapse to Stop Midterms, Control Society

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Here, Flynn explains how Democrats are going to use a “controlled financial collapse” with emergency covid measures to “take over control of the US.” pic.twitter.com/cvO4ChGenm — Ron Filipkowski (@RonFilipkowski) November 20, 2021 https://www.newsweek.com/michael-flynn-claims-dems-plotting-financial-collapse-stop-midterms-control-society-1651646

Can’t decide if next year will be Hyperinflation, Reflation, Growthflation, Stagflation, Deflation, Depression or Collapse….

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by mark000 Let The 7-way Free-For-All begin! Hyperinflation ….of the USD Reflation ………..Goldilocks, positive GDP and normal CPI Growthflation …..positive GDP, high CPI Stagflation ………Zero/small negative GDP, high CPI Deflation ………..Japan, Zero/small negative GDP, zero/negative CPI Depression…….. Large negative GDP, large negative CPI Collapse ………. “UNPOSSIBLE”  

This Is Like Nothing I’ve Seen Before: Supermarkets Use Decoys To Fill Gaps Left By Shortages

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Chaos has become commonplace in America’s supply chains. Executives say that almost every day a new disruption emerges, making it harder and harder to find a way out of this crisis. Here in the US, and pretty much everywhere in the world, grocers are having a hard time keeping store shelves full. Given that conditions … Read more