On Wire

Breaking news, updates, and reports on current events.

London is popping off


by

https://twitter.com/RastaRedpill/status/1433853637931978752 Full you tube 9 min video is up https://t.co/FRVDQXmsg0 — Paul Brown 🇬🇧 Browns fan🏈 London News đŸŽ„Vlogger (@PaulBrown_UK) September 3, 2021

FED has backed themselves into a corner
. In other words, they’re trapped

by

https://twitter.com/farrisbaba/status/1434288048729202690 "Financial bubbles tend to expand slowly and then pop with a loud bang, like the housing bubble that popped in 2008 and caused a financial crisis." https://t.co/2pEqr1jaA6 — Nomi Prins (@nomiprins) September 4, 2021 #recession … #StockMarket #Bubble edition#smallcaps $IWM #RTY_F https://t.co/82AX8kLpYz — Invariant Perspective (@InvariantPersp1) September 4, 2021 https://twitter.com/NorthmanTrader/status/1433917660136357890 🌋The Q Ratio and … Read more

SPACs Tank. Are NFTs Next?

by

BY JOHN RUBINO Towards the end of financial bubbles, two things generally happen. First, legitimate ways to put capital to work become scarce as prices outrun expected cash flows. Second, large numbers of traders, who have grown used to seeing everything they buy go up, start chasing “innovations” with exciting stories but (in retrospect) insanely … Read more

David Stockman on the Deeper Roots of Today’s Inflationary Policies

by

Via International Man The pre-1971 history proves beyond a shadow of doubt that you don’t need a fixed rate of inflation to enable economic growth, as today’s central bankers and their Wall Street acolytes endlessly insist. And it also reminds us that there is not some innate tendency for the currency to relentlessly depreciate. Today’s … Read more

Preserving Capital through Bankruptcy

by

by Doug French via Mises The New York Times recently published a piece entitled “When Kmart Moved Out, Churches and Flea Markets Moved In.” The article, penned by Kevin Williams, provides an instructive subtitle: “The retailer’s former stores are being used by tenants that might not typically get a crack at such a large haul of commercial space at an … Read more

Now that late night entertainment is so politicized, it’s not surprising that conservatives have finally found a late night host that shares their worldview.

by

  GREG GUTFELD IS HUMILIATING LIBERAL LATE NIGHT HOSTS: On Tuesday, Fox News’ Greg Gutfeld (Gutfeld!) got higher ratings than both one-note liberal hosts Stephen Colbert (The Late Show, CBS) and Jimmy Fallon (The Tonight Show, NBC). Gutfeld drew 2.1 million viewers to Colbert’s 1.9 million and Fallon’s 1.2 million. Even better, Gutfeld won in the coveted … Read more

Fed suspends GDP nowcast data tracker

by

Nothing to see here folks! https://t.co/VPCkEuDw4Y — Jack Posobiec (@JackPosobiec) September 3, 2021 Appears to have been a GDP/Economy forecaster that gave a wide range of arbitrary values to cherry pick the positive-sounding ones from. They appear to be suspending it because they couldn't find any positive values to cherry pick. — Mitchell Stadtlander (@mitchstadt) … Read more

Who’s Going to Be Left Holding the Bag?

by

From Birch Gold Group The old joke goes: “How can you tell when a lawyer is lying? Their lips are moving.” Now there is a new joke, according to Charles Hugh Smith. “How can you tell when a big economic bubble is forming? When Wall Street tells Main Street, ‘It’s not a bubble.’” Smith proceeds by leveling … Read more

Bullion Will Be Impossible To Find In A Crisis

by

James Anderson on Palisades Gold Radio James discusses traveling through Turkey recently and seeing Istanbul’s impressive ancient architecture. There is considerable bullion demand in Turkey particularly due to ongoing issues with their currency. The people there are suffering and barely able to stay above water. If you buy bullion you want to have a long-term perspective. When … Read more