On Wire

Breaking news, updates, and reports on current events.

REAL 30-year Mortgage Rates Now Negative! UMich Survey Indicates Crashing Conditions For Home Buying

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by confoundedinterest17 The ramp-up in inflation with relatively low mortgage rates has resulted in NEGATIVE real 30-year mortgage rates. Once again, the lowest since 1975. The Federal Reserve chair was Arthur Burns and the President was Gerald Ford. The University of Michigan consumer survey points to crashing buying conditions for housing and soaring bad times. The … Read more

Real Interest Rates Lowest Since 1975 (Back To Gerald Ford And “Whip Inflation NOW!”)

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by confoundedinterest17 To quote Dean Martin, “Ain’t that a kick in the head.” Real interest rates (nominal interest rates less the inflation rate) are more negative than anytime since 1975. The REAL effective Fed Funds rate (on the short end) is the lowest since 1975. The real 10-year Treasury Note yield is also the lowest since 1975. … Read more

Biden Admin extends eviction ban amid fears of ‘horrific crisis’..but this is the last extension

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The Biden administration unveiled a raft of measures to prevent people who lost income during the pandemic from losing their homes on Thursday, including by extending nationwide eviction and foreclosure bans until July 31. The White House and other federal agencies sprang into action amid growing concerns that state and local governments were not prepared to … Read more

America’s Social Order Is Unraveling

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Authored by Charles Hugh Smith via OfTwoMinds blog, The unraveling of America’s social order is accelerating, and denial will not save us from the consequences of the plundering of the social contract. What kind of nation boasts a record-high stock market and an unraveling social order? Answer: a failed nation, a nation that has substituted artifice … Read more

Kayleigh McEnany Sounds OFF On Don Lemon After his Shameful CRT Rant

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https://www.youtube.com/watch?v=hOg6JIvrmBA Ben Johnson from The Daily Wire reports, CNN host Don Lemon claimed last Thursday night that only people laden with “privilege” oppose the teaching of Critical Race Theory in the nation’s public schools, setting off an explosive response by numerous members of a show on Fox News. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/kaylei…

Marco Rubio Introduces Bill Targeting Big Tech Censorship

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Senator Marco Rubio (R-FL) introduced legislation designed to rein in Big Tech censorship of Americans, telling such companies they’ll be getting “no more free passes.” Rubio issued a statement to the Daily Caller in which he accused tech companies and social media platforms of having “openly interfered in our elections” and “baselessly” censored important topics. The bill … Read more

Blood test to detect 50 types of cancer…

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A simple blood test that can detect more than 50 types of cancer before any clinical signs or symptoms of the disease is accurate enough to be rolled out as a multi-cancer screening test, according to scientists. The test, which is also being piloted by NHS England, is aimed at people at higher risk of … Read more

BofA Crashes The “Transitory” Party: Sees Up To 4 Years Of “Hyperinflation”

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https://www.zerohedge.com/markets/bofa-crashes-transitory-party-sees-4-years-hyperinflation At the start of May, when observing the avalanche of “higher inflation” mentions on Q1 earnings calls, which had quadrupled YoY; and jumped by a record 800% YoY… … BofA chief equity strategist Savita Subramanian summarized the current state of affairs as follows: “On an absolute basis, [inflation] mentions skyrocketed to near record highs from … Read more

Biden’s anti-crime plan ignored his party’s role in creating the urban crisis. Well, of course.

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via NYPOST: If there were any doubt, rising violent crime is a real issue with the potential to do major political harm to Democrats. That’s the subtext of President Biden’s decision to interrupt his push for his trillion-dollar spending plans to announce an anti-crime agenda. It’s a good thing the president has noticed that homicides … Read more

New York and New Jersey Among the Worst States for Jobs

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Watch the latest video at foxbusiness.com One of the most significant problems affecting the U.S. economy post-pandemic is the current job market and unemployment rate. Many people have quit their jobs in search for better opportunities and more flexibility to work remotely. Additionally, unemployment benefits have posed another challenge to employers who are now having to compete with the government to … Read more