On Wire

Breaking news, updates, and reports on current events.

US Q4 GDP Forecast (Trump’s Final Reading) Is 7.541% While Home Prices Growth At 10.2% YoY

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by confoundedinterest17 According to the Atlanta Fed’s GDPNow forecast, US GDP forecast for Q4 is 7.541%. This combined with elevated U-3 unemployment (6.7% thanks to state and local government shutdowns) and slowing growth for low-wage workers (those most impacted by government shutdowns) shows that the US economy is still strong. Despite the AP saying “Biden inherits damaged … Read more

Market Report: investors’ limitless risk appetite

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by Troy Investors are buying anything and everything in a manner that’s reminiscent of the 1990s. The best stocks to buy these days: money-losing tech companies. The more losses, the better because growth is the name of the game. In the 1990s, profits didn’t matter. All that mattered was “eyeballs” and user growth. Summary Here’s … Read more

Screw you Joe Biden

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by bgny Your taxes may skyrocket with Biden, but at least he acts like a politician and isn’t orange. Worth. https://www.hoover.org/research/analysis-vice-president-bidens-economic-agenda-long-run-impacts “We conclude that, in the long run, Vice President Biden’s full agenda reduces full-time equivalent employment per person by about 3 percent, the capital stock per person by about 15 percent, real GDP per capita … Read more

Riots in several cities in the Netherlands after curfew

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https://twitter.com/willemvanjansen/status/1353439413100019712 https://twitter.com/charliebroere/status/1353435340032385024 Nu in Enschede #enschede pic.twitter.com/7YVB3n2WCo — Bo (@bo_verhoef) January 24, 2021 https://twitter.com/wrvandenbroek/status/1353433367069429760 https://twitter.com/OhnoitstommyB/status/1353439987354763265 Er wordt van alles gegooid naar politie pic.twitter.com/r9t3n2fxiZ — Sander Knura (@sanderknura) January 24, 2021 AC

Proof of fact checking is bullshit. Snopes says true. Politifact says false. Same argument.

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by screepthecreep https://www.snopes.com/fact-check/national-guard-parking-garage/ https://www.nytimes.com/2021/01/22/us/national-guard-parking-garage.html https://www.militarytimes.com/news/your-military/2021/01/22/capitol-police-we-didnt-order-national-guard-troops-to-move-to-parking-garage/ https://www.politifact.com/factchecks/2021/jan/22/facebook-posts/no-evidence-lawmakers-forced-national-guard-parkin/?fbclid=IwAR1P82ww-j8LZ6WrzGrsWzlbT6QXmxhUBp27qbEDu0L4KqZr-492vV5sx9U Fact checking will always add a sentence they know is false to fit their narrative. Notice it says dems forced for a photo op. Instead of the question asked did lawmakers force national guard to sleep in garage. It’s like this for every single fact check. There’s a sentence … Read more

Senate approves legislation to extend government surveillance powers

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(CNN)The Senate on Thursday overwhelmingly voted to reauthorize three national security surveillance authorities that have been expired since March. The chamber voted 80-16 to extend the surveillance authorities under the Foreign Intelligence Surveillance Act. The vote occurred after the Senate adopted a bipartisan amendment on Wednesday from Republican Sen. Mike Lee of Utah and Democratic … Read more

TAIWAN:8 Chinese Bombers,4 Fighters Breached the Air Defence ID Zone Saturday/ UPDATE:US-CHINA Response+US CARRIER GROUP ENTERS CHINA SEA

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Taiwan’s Defence Ministry: 8 Chinese Bombers, 4 Fighters Have Breached Island’s Air Defence ID Saturday Zone The Taiwanese military has reported the presence of 8 People’s Liberation Army Air Force (PLAAF) bombers and four fighters in its air defence identification zone (ADIZ) on Saturday, Taiwan’s Air Force missile defence systems had been deployed to ‘monitor’ … Read more

Biden may take your job, but at least he didn’t hurt your feelings.

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by bgny JOE BIDEN, THE JOB-KILLING PRESIDENT: 70,000 JOBS KILLED ON DAY ONE, MORE SINCE. Related: Biden’s pause on oil cause for big concern in New Mexico. Good and hard: https://t.co/bMdThimB42 pic.twitter.com/3grahmtn24 — Stephen L. Miller (@redsteeze) January 23, 2021 Related: Biden Rescinds Trump Order Banning Chinese Communist Involvement In US Power Grid. GOOD AND HARD: “Release Them … Read more

A Repeat Of The 2000 Dot.com Highs In Play?

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by Chris Kimble Since the 2000 tech bubble and crash, tech stocks have regained their leadership form. Especially large-cap tech stocks. Headlines have varied in focus from the “4 horseman” to “FANG” and “FANGE”, but one thing remains: Large-cap tech stocks have been the bull market leader. So what about when large-cap tech lags the market? … Read more

Nothing matters most investors says, because the FED

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Nothing matters most investors says, bcs the FED🤔 pic.twitter.com/miuRuHSJki — Antonio Pérez-Algás (@apanalis) January 22, 2021 Commercial and industrial loans at all commercial banks decline further in the week ended Jan. 13, falling to $2.579 trillion from $2.593 trillion a week earlier https://t.co/a48Y1jbL7U pic.twitter.com/FvLQpjdMDe — St. Louis Fed (@stlouisfed) January 22, 2021 There is no … Read more

Yellen Pleads with Congress to “Act Big” on Debt-Funded Spending

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by moneymetals Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. As a new administration took power in Washington this week, investors weighed new opportunities as well as new risks. The Biden administration promises to undo much of the policy agenda President Donald Trump had implemented. However, … Read more

UK Here – Pick The Obvious Word Out

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After just watching the prime minister basically say were in lock down till summer and we as tax payers can all continue to get f*cked (super new strain is this week’s buzz word and no questions asked by selected people ask when can this all fuck off and do one) BBC news displays what we … Read more