On Wire

Breaking news, updates, and reports on current events.

This financially engineered market is brought to you by Federal Reserve – helping the rich and elites put serfs out of homes since 1913.

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This financially engineered market is brought to you by @federalreserve – helping the rich and elites put serfs out of homes since 1913. — John Tuld (@BradHuston) June 10, 2021 For those shocked by used car prices, here is the source, and it's going even higherhttps://t.co/S12WaAPLpB pic.twitter.com/hBk9ERlWfC — zerohedge (@zerohedge) June 10, 2021 Safe to … Read more

Why Nobody Blames Wall Street for Inflation?

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By Chris Black The same people who own the FED, aka private transnational bankers, are also running Wall Street.  If you want a real lesson in economics, I’ll give you one. Wall Street is 100% fake with the only goal being to increase the price of contracts and stock certificates as much as possible without … Read more

The Sources of Rip-Your-Face-Off Inflation Few Dare Discuss

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by Charles Hugh-Smith We’re getting a real-world economics lesson in rip-your-face-off increases in prices, and the tuition is about to go up–way up. Inflation will be transitory, blah-blah-blah–I beg to differ, for these reasons. There are numerous structural sources of inflation, which I define as prices rise while the quality and quantity of goods and services remain … Read more

Are You Positioned for the Coming Flight to Quality?

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by: Stefan Gleason The S&P 500 moved to within a smidgen of a new record high earlier this week. Based on this benchmark stock market index’s recent performance, all seems well and good for risk assets. Underneath the surface, however, warning signs are flashing for investors in financial markets. Over the past several weeks, significant … Read more

The Core! Core Inflation Fastest Since February 1992 (3.8% YoY, Higher Than Forecast) Home Prices Growing At 13.9% Clip

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by confoundedinterest17 Inflation is on the mind of many investors. Whether it is permanent or transitory. US Core inflation (CPI less food and energy) rose 3.8% year-over-year and beat expectations of 3.5% year-over-year. Core inflation is the highest since February 1992. CPI overall rose 5.0% year-over-year, beating the expectation of 4.7%. Used cars once again led … Read more

IS BIDEN AND PRESIDENT KLAIN SETTING KAMALA UP FOR FAILURE?

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For all the Biden administration’s efforts to make Kamala Harris into a co-consul in the bipartite “Biden-Harris administration,” the public has not taken as warmly to the vice president as they have to her boss. Among registered voters, the vice president’s favorability—distinct from whether they approve or disapprove of the job she is doing—routinely underperforms Joe Biden’s. … Read more

Lori Roman: Corporatism Will Snuff Out Individual Rights Unless We Stop It

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For too long, conservatives have blindly supported corporations. While trying to support “free markets” we might inadvertently be supporting corporatism, a form of economic totalitarianism where government and corporations collude to destroy individual rights. When I moved to Washington DC in 2002 to accept a position in the Bush Administration, I thought that corporations might … Read more

Dems Embrace Biden Plan for $200 Billion Subsidy to Electric Vehicle Market in Infrastructure Bill

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Colorado Democratic Sen. Michael Bennet applauded President Joe Biden’s proposal to spend nearly $200 billion to prop up the electric vehicle market as part of his $2.25 trillion American Jobs Plan. “I view this as our best opportunity in decades to make the long-term investments we have put off for years,” Bennet said on a … Read more

Newest Meme Stocks Extend Gains With No Sign of Craze Fading… Exorbitant NFT prices mirror modern art?

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Newest Meme Stocks Extend Gains With No Sign of Craze Fading (Bloomberg) — Another batch of names has been added to the meme-stock frenzy as retail traders latched on to their latest favorites Wednesday. Prison operator GEO Group Inc. soared 38% and Clean Energy Fuels Corp. jumped 32%, supplanting names like ContextLogic Inc. and Clover … Read more

HEY, THEY ONLY CENSOR PEOPLE THEY DISAGREE WITH:

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Amazon Defends Sale of Anti-Cop Merchandise: Tech giant sells products featuring ‘Blue Lives Murder’ slogan.. “We do not endorse the content of any particular book, video, or product.” Actually, once you started banning stuff you disagree with, it became an implied endorsement of anything you don’t ban. h/t Glenn