On Wire

Breaking news, updates, and reports on current events.

CHANGE: Democrat Governor In Heavily GOP State Signs Bill To Crack Down On Woke Investments… 21 States Threaten Banks with Legal Action Over Woke Policies.

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via dailywire: Critics of the ESG movement largely align with conservatives and assert that the philosophy intermixes political and social causes in a manner that compromises or distracts from profitability. Beshear signed a bill last week to require fiduciaries of the state’s retirement funds to only consider factors which have a “direct and material connection to … Read more

Trans protesters scream and chant after storming Kentucky Capitol

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Trans protesters scream and chant after storming Kentucky Capitol pic.twitter.com/4jY3Cnxfrn — Jack Posobiec (@JackPosobiec) March 30, 2023 Leftists be like pic.twitter.com/tYmqdO6n10 — Julia 🇺🇸 (@Jules31415) March 30, 2023 They were at the Tennessee Capitol too, but no Shaman. BREAKING: LEFTISTS STORM TENNESSEE CAPITOL pic.twitter.com/tvgegge8hL — Jack Posobiec (@JackPosobiec) March 30, 2023 Lady justice is no … Read more

Financial world legend sounds alarm over ‘biggest bank that’s going down.’ “The biggest bank that’s going to go down is Bank of Japan.”

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Bank of #Japan raises maximum amount of #bond purchases for next quarter https://t.co/ezHtR92GbW — GoldBroker (@Goldbroker_com) March 31, 2023 via Foxnews: In the aftermath of the Silicon Valley Bank collapse, finance expert Robert Kiyosaki cautioned the central bank of a global powerhouse may be the next to belly up. “The biggest bank that’s going to go … Read more

Adam Taggart: ‘So if a crisis bad enough to force a pivot is near, why are markets rallying?’

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HONEST QUESTION: Many expect the Fed's interest rate hikes to "break something important", forcing a policy pivot The market expects the Fed to pivot by June, cutting rates thru the year (see chart) So if a crisis bad enough to force a pivot is near, why are markets rallying? pic.twitter.com/l6WlcMAJmq — Adam Taggart (@adamtaggart) March … Read more

“No REALLY, we’re doing fine” ~ every bank right now

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by JPowsSecretlover Bank Turmoil Could Spread To Real Economy, Squeezing Credit Supply, Experts Warn Although the immediate threat of broader financial contagion seems to have abated following confidence-building emergency measures taken in the wake of the collapse of Silicon Valley Bank (SVB), experts are now warning of spillovers into the real economy in the form … Read more

Earnings estimates are back near record levels again. This wave of excitement seems quite excessive and completely unwarranted. Citigroup analysts are already donwgrading earnings estimates, so they can beat them.

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Earnings estimates are back near record levels again. This wave of excitement seems quite excessive and completely unwarranted. After reaching over 90% of yield curve inversions in the US Treasury market, the risk of a full-blown economic recession remains significant for… pic.twitter.com/jML58pdg6B — Otavio (Tavi) Costa (@TaviCosta) March 31, 2023 Citigroup analysts are already donwgrading earnings estimates, … Read more

EV Manufacturer Announces Layoffs to Nearly 20% of Work Force After Struggling to Create Demand

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One luxury electric vehicle manufacturer is laying off workers after overestimating demand for its products. Bay Area-based electric vehicle startup Lucid Group announced that it was laying off 1,300 workers in a Tuesday filing, according to SFGATE. Lucid CEO and CTO Peter Rawlinson indicated that the firings would affect every level of the company in … Read more

Unprecedented Surge: German Supermarket Prices Skyrocket as Food Inflation Hits Record 22.3% in March!

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Unprecedented Surge: German Supermarket Prices Skyrocket as Food Inflation Hits Record 22.3% in March!#Recession pic.twitter.com/xRLVeSYACQ — Lee Golden (@LeeGolden6) March 31, 2023 German retail sales have been -ve since the war Since it's plagued by negative real wages, it's highly unlikely that the retail sales will enter positive territory anytime soon. Inflation is a double … Read more

‘The next six months will be tumultuous. The market will soon become bidless, and those who were chasing the “blow-off” will soon be clamoring to sell at any cost.’

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https://twitter.com/MFHoz/status/1641495099073781776 For bulls who are tempted to buy bank stocks right now, I refer you to the chart below. Because this is the fate I predict awaits every bank that requires government bailout. There's no such thing as a "systemically important shareholder". pic.twitter.com/mzQgYCjdls — Mac10 (@SuburbanDrone) March 30, 2023 Fittingly, in a denialistic Idiocracy, the … Read more

These Economic Numbers Are Staggering

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by Michael If you are struggling to make it in this economy, you are not alone, because there are millions of other Americans in the exact same boat.  Needless to say, the cost of living has become extremely oppressive, and that has put a tremendous amount of financial stress on U.S. families.  Unfortunately, the Federal … Read more

Ron DeSantis – “Florida Will Not Assist In An Extradition Request Given The Questionable Circumstances At Issue With This Soros-Backed Manhattan Prosecutor and His Political Agenda.”

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The weaponization of the legal system to advance a political agenda turns the rule of law on its head. It is un-American. The Soros-backed Manhattan District Attorney has consistently bent the law to downgrade felonies and to excuse criminal misconduct. Yet, now he is… — Ron DeSantis (@GovRonDeSantis) March 30, 2023

A school teacher asked kids to list which classmates they sexually fantasize about.

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A school teacher asked kids to list which classmates they sexually fantasize about. Specifically, with whom do they want to have anal penetration, oral sex, ear licking, and kissing?pic.twitter.com/LKkBJbrnCs — Billboard Chris 🌎 (@BillboardChris) March 30, 2023 An Oregon high school has pulled a suggestive class assignment asking students to write a short story about … Read more

Not a ‘bailout’! $388.2475 billion in liquidity: A review of the tools the Fed is leveraging to provide banks liquidity while we get rate hikes: Discount Window, Central Bank Liquidity Swaps, Bank Term Funding Program (BTFP), “Other credit extensions”, and “Foreign Official”.

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by Dismal-Jellyfish This week’s Fed balance Sheet: https://www.federalreserve.gov/releases/h41/20230330/ What we are monitoring: Discount Window/Primary Credit Central Bank Liquidity Swaps Bank Term Funding Program (BTFP) “Other credit extensions” “Foreign Official” Tool 3/15 3/22 3/29 Discount Window/Primary Credit $152.85 billion $110.248 billion $88.157 billion Central Bank Liquidity Swaps $.47 billion $.59 billion $.5875 billion Bank Term Funding … Read more

Walmart Reports A Large Number Of Store Closings As Catastrophic Retail Collapse Intensify

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https://www.youtube.com/watch?v=eho9x5DgJdI A large number of Walmart stores are set to close down permanently next month as conditions continue to deteriorate for U.S. grocers. The biggest retailer in the world hasn’t been immune from the devastating effects of the retail apocalypse, and now several locations that have served their communities for years are about to disappear. … Read more

What happened to “free speech” in France?

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Oh no. What happened to "free speech" ? pic.twitter.com/8I5I4fdEsM — Hassan Mafi ‏ (@thatdayin1992) March 30, 2023 A woman in northern France is to be put on trial on charges of insulting President Emmanuel Macron after describing him as ‘filth’ in a Facebook post, a prosecutor said on Wednesday. The woman risks a fine of 12,000 … Read more

29 DEMS JOIN REPUBLICANS TO BLOCK BIDEN

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U.S. House lawmakers voted in support of an energy bill amendment that would prevent the Department of Energy from introducing energy efficiency standards that could outlaw most gas stoves on the market today. More than a dozen Democrats joined Republicans in supporting the measure, part of a Republican-led pro-fossil-fuel legislative package H.R. 1, also referred … Read more