On Wire

Breaking news, updates, and reports on current events.

Melt-ups often precede melt-downs.

by

MELT-UP: a sustained improvement in the investment performance of an asset, driven partly by a stampede of investors who don’t want to miss out on its rise, rather than by fundamental improvements in the economy. https://www.investopedia.com/terms/m/melt-up.asp …………… Gains that a melt-up creates are considered to be unreliable indications of the direction the market is ultimately headed. … Read more

Fed RRP refresher

by

by OldmanRepo It’s been awhile since I’ve written another post. I’ve decided to try and encompass all that I’ve learned from responding to many repo/money markets/ Fed RRP posts over the last few months. Since the focus always seems to be the Fed’s RRP operation, I’ll focus there. But before I do, I’d like to clarify … Read more

Treasury Boosts Quarterly Borrowing Estimate to $1 Trillion…

by

(Bloomberg) — The U.S. Treasury increased its estimate of federal borrowing needs for the three months through December after it ran down its stockpile of cash more than it previously anticipated. The Treasury’s projections, released in Washington Monday, come as longer-term borrowing needs depend on the fate of two fiscal packages being finalized in Congress. … Read more

NIKE files trademarks to sell digital sneakers in the Metaverse… Your avatar gotta be woke, yo…

by

Nike is heading to the metaverse. On October 27th the company filed new trademark applications for NIKE, JUST DO IT and the swoosh logo. The filings indicate an intent to make and sell NIKE-branded VIRTUAL shoes and clothing.#Nike #Metaverse pic.twitter.com/nisKVm2CTq — Josh Gerben (@JoshGerben) November 1, 2021 https://citizenfreepress.com/breaking/nike-files-trademarks-to-sell-digital-sneakers-in-the-metaverse/

Each provinces in #China has offered a guidance to the locals on things they should stock up for this winter, mostly medicine/meditools, food, water, clothing etc.

by

Each provinces in #China has offered a guidance to the locals on things they should stock up for this winter, mostly medicine/meditools, food, water, clothing etc. Probably something to do with the supply crunch on essentials and inflationary pressure pic.twitter.com/5YVHkJNNEQ — Samson Li (@SamsonLi7) November 2, 2021

The rent is too damn high!

by

#recession … #GFC2 US #Shelter edition The #Rent is too damn high! 📈 https://t.co/qqNuPKegdh — Invariant Perspective (@InvariantPersp1) November 2, 2021 Does $PSA Success Display REITS Reversal? "The growth of market asking rents are rising so quickly, that they’re effectively outpacing what’s called Existing Customer Rate Increase (ECRI).” – @HedgeyeREITs full video with Rob Simone … Read more

2021 will be forever be known as the year that Ponzi schemes went mainstream.

by

Lmfao. Got to love these markets. pic.twitter.com/1G3ZyS5Rl1 — Shami (@ShamimU61554433) November 2, 2021 Always different this time until its not https://t.co/lca6MPoK6k — Shami (@ShamimU61554433) October 21, 2021 https://twitter.com/NancyTracker/status/1447202742213267466 "History doesn't repeat itself, but it often rhymes" – Mark Twain pic.twitter.com/rGnRItJX24 — Financelot (@FinanceLancelot) November 2, 2021 China’s top real estate development company with over $300 … Read more

Baltic Exchange Dry Index continuing to tank … now 38% off its recent peak… Taper has de facto started…. Dollar funding stress for emerging markets at 13-month high

by

Baltic Exchange Dry Index continuing to tank … now 38% off its recent peak pic.twitter.com/Q1HwUKlo3g — Liz Ann Sonders (@LizAnnSonders) November 2, 2021 Ahead of the #Fed on Wednesday, latest weekly evidence shows #taper has de facto started. Flows into US money markets have stalled (red line)as RRPs peak…41% of World's major #CentralBanks now run … Read more

They Are Going to Crucify Our Boy Kyle

by

by Chris Black Kyle Rittenhouse did nothing wrong. It was self-defense 101. But they are going to throw the book at him.  He should have just gone to Mexico. Portland trans #antifa member Andrea Lane Mun, formerly known as Jacob Andrew Camello, threatens violence against the judge in the Kyle Rittenhouse case & encourages comrades … Read more