On Wire

Breaking news, updates, and reports on current events.

Bill Hwang, who ran the fund that below up on Friday, also co-founded the Grace and Mercy Foundation. His charity *purchased* swap losses and offshore trusts from his fund.

by

The Grace and Mercy Foundation isn't as active on the philanthropic front. Direct charitable activities? Not applicable. Program-related investments? Not applicable. pic.twitter.com/EjhaAF4CeZ — Edwin Dorsey (@StockJabber) March 28, 2021 Hwang is also a major contributor to "Focus on the Family." The non-profit is focused on combatting “8 lies about abortion," anti-gay policies, and creationism.https://t.co/memTmnCdw1 — … Read more

Impact Of Tax Hikes On Stock Market

by

by UPFINA The economic data from March and April is going to be very good. One preview of this was Redbook same store sales growth in the week of March 20th. Growth rose from 8.5% to 9.4% due to the stimulus spending. The chart below shows the Evercore ISI company surveys index. It uses inputs from … Read more

Mike Maloney: Inflation is now inevitable … Peter Grandich: Gold will be the ‘best bull market I’ve experienced in 37 years’ …

by

BY JOHN RUBINO  Willem Middelkoop: The IMF has begun ‘indirect currency debasement’ … Mike Maloney: Inflation is now inevitable … Peter Grandich: Gold will be the ‘best bull market I’ve experienced in 37 years’ … Killer Mike torches ‘evil’ Jeff Bezos for using slave labor at Amazon … WallStreetSilver founder: ‘We’re waking up billions of people … Read more

Broke Govt – Police Chief is paid $442,000 but is due $1.24 million upon retirement

by

Chief Thomas Cummings leads the Southampton Village force in the Hamptons Cummings, 57, is paid $442,000 but is due $1.24 million upon retirement His base salary is $264,000 but draws an additional $230k in overtime/benefits Southampton has a population of 3,000 and hasn’t had a murder since 2008 Salary is more than NYPD Commissioner Dermot Shea’s $239,000-a-year A … Read more

Fourth Stimulus Check: Over 60 Lawmakers Now Support Further Direct Payments to Americans

by

Many Americans have been wondering whether there will be a fourth round of stimulus checks as the federal government continues to distribute the $1,400 provided in President Joe Biden‘s American Rescue Plan. So far, 64 congressional lawmakers have pushed for recurring direct payments until the pandemic ends. In January, two months before Biden signed the latest … Read more

A Government Is Actually Honest About Having Really Bad Stagflation?

by

A government actually admitted that its economy is actually suffering through horrible and worsening stagflation (high inflation plus high unemployment)? And the government that is actually admitting this does not exactly have a history of being very honest. ‘Stagflation’ stalks Nigeria as food prices, unemployment soar https://mobile.reuters.com/article/amp/idUSKBN2B819Q

…And inflation is coming

by

…And inflation is coming pic.twitter.com/V0VsoF4E7f — Daniel Lacalle Official Account (@dlacalle_IA) March 28, 2021 Morgan Stanley Identifies The Source Of Massive Treasury Sellinghttps://t.co/ejV3kzjHMq — Win Smart, CFA (@WinfieldSmart) March 28, 2021 "Transitory inflation"… Really? Rising costs for producers will translate to higher prices even after the base effects on headline CPI fade away. pic.twitter.com/sc3jAAu6dI — … Read more

How Goldman sucks sold 10B of stonks to the retail investors

by

How Goldman sucks sold 10B of stonks to the retail investors https://t.co/Fm7l1lH5qM — Alessio (@AlessioTMAD) March 28, 2021 Hedge Fund liquidation triggers record crash in Discovery, ViacomCBS. Goldman liquidated $10.5bn worth of stocks in block trades, part of extraordinary spree of selling that erased $35bn from values of bellwether stocks ranging from China Tech to … Read more

CNN is Trending on Twitter After Calling the Murder of an Uber Eats Driver by Two Girls an ‘Accident’

by

https://twitter.com/search?q=Accident&src=trend_click&pt=1375881068847509504&vertical=trends Police said the girls, 13 and 15, assaulted an Uber Eats driver with a Taser while carjacking him, which led to an accident in which he was fatally injured. https://t.co/lxLxEdVhCn — CNN (@CNN) March 27, 2021 I watched the footage. The word “accident” has no place here. https://t.co/NbSAuIlQmA — Robby Soave (@robbysoave) March 27, … Read more

Biden officials tried to muzzle the 18 Republican Senators on Ted Cruz’s border trip by ordering them to DELETE photos

by

* Nineteen GOP senators on Friday toured the migrant holding facility at Donna, Texas on Friday * They shared images from inside the shelter showing hellish crowded conditions with children packed in side by side * ‘Pods’ designed to hold 80 children were crammed at nearly 10 times capacity, holding 709 * The Biden Administration has refused to allow … Read more

Visualized: The Richest Families in America

by

by visualcapitalist When we think about the richest people in America, individual names often come to mind like Elon Musk, Jeff Bezos, and Bill Gates. But often, it’s the the richest families in America that hold a deeper legacy, and sometimes, even deeper pockets. The country’s 50 richest families hold a collective wealth of $1.2 trillion. This ranking goes … Read more

Ray Dalio says current bubble is ‘halfway’ to the magnitude of 1929 or 2000

by

Billionaire investor Ray Dalio — who founded the world’s largest hedge fund, Bridgewater Associates — in a new interview warned that the stock market is a bubble “halfway” to the magnitude of those that triggered historic market crashes like the dot-com bust and the Great Depression. Speaking with Yahoo Finance, he cautioned that some high-performing … Read more