On Wire

Breaking news, updates, and reports on current events.

Joe Biden plans new ‘equity credit scoring system’ if elected that takes identity factors like ‘race’ and ‘sex’ into account

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In the new socialist utopia access to credit will be judged by your gender and skin pigment. Isn’t this what Martin Luther King Jr. was fighting against? Source tweet https://twitter.com/ConceptualJames/status/1323281735195463680 Consumer Data Industry Association https://www.cdiaonline.org/biden-calls-for-a-public-credit-reporting-agency/   h/t meme_kat

If Trump gets reelected, Facebook and Twitter are going to change forever. If Biden gets it, they will rampage and censorship will get worse.

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Watch the latest video at foxnews.com Twitter and Facebook cracked down on President Trump‘s account yet again Monday, this time over a post slamming a recent Supreme Court ruling on Pennsylvania’s extension for ballot counting. All eyes have been on Pennsylvania in recent weeks as polls between Trump and Joe Biden have tightened in the Keystone State. However, the Supreme Court ruled last week that Pennsylvania officials … Read more

Tucker Carlson Sums Up Trump’s Appeal, Citing the Crowd at the Trump Rally in Butler, PA — The Ruling Elites Have Abandoned People — Trump is An Indictment of America’s Ruling Class

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TUCKER: "Donald Trump, in other words, is and has always been a living indictment of the people who run this country. That was true four years ago when Trump came out of nowhere to win the presidency and it's every bit as true right now… Our ruling class is disgusting." pic.twitter.com/ogz3N7124W — Daily Caller (@DailyCaller) … Read more

PSA: The market doesn’t care who wins

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by quantize_me View post on imgur.com TL;DR: I compared how the price of $SPY compares with Biden/Trump’s odds of winning and found there was no correlation whatsoever. I will explain how I did this like you are retarded, because you are retarded. Trades: Directional bets that aren’t on specific stocks/sectors are dumb. Trade condors or something if … Read more

APOLLO: “We have now reached a point where 80% of the global corporate and sovereign bond market index trades at yields lower than 2%. And 62% of global bonds outstanding trade at yields less than 1%.”

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APOLLO: “We have now reached a point where 80% of the global corporate and sovereign bond market index trades at yields lower than 2%. And 62% of global bonds outstanding trade at yields less than 1%.” pic.twitter.com/OlT2yRiAnx — Carl Quintanilla (@carlquintanilla) November 3, 2020 #COVID19 US debt ratios in % of GDP, private households, corporates … Read more

PayPal plans to extend its cryptocurrency initiatives to include Venmo, more merchants, and central banks.

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PayPal CEO Dan Schulman provided new details about the company’s recent embrace of Bitcoin and other cryptocurrencies on Monday, describing plans for shopping tools as well as potential partnerships with central banks. Schulman’s remarks, which came during an earnings call after PayPal posted record third quarter revenues, follows the company’s announcement last month that it will soon … Read more

Tom Lee: Stocks only go up.

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These are the three big market scenarios this U.S. election, says @fundstrat. pic.twitter.com/mLQiKA50VU — CNBC's Fast Money (@CNBCFastMoney) November 2, 2020 Every time I see him talking it’s him elaborating on why now is the time to buy AC

3-Reasons Why There Really Is No Housing Shortage

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by Lance Roberts One of the most recent mantras in the financial media is that housing prices rise because there is an inventory shortage. While it is an excellent headline for “getting clicks,” the are 3-reasons why there really is NO housing shortage. A Quick Story In 2007, as the housing market was going crazy, I lived in a … Read more

“Don’t fight the Fed?” S&P 500 is close to a 9% drawdown, Nasdaq -13% while the Fed executing $120B a month of asset purchases, nearly 2x 2010 levels.

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“Don’t fight the Fed?” S&P 500 is close to a 9% drawdown, Nasdaq -13% while the Fed executing $120B a month of asset purchases, nearly 2x 2010 levels. — Lawrence McDonald (@Convertbond) October 31, 2020 Even as central banks offer unprecedented liquidity stimulus in the primary and secondary corporate bond markets, corporate credit quality has … Read more

MORGAN STANLEY: “14 US states are currently at or approaching the rate of 200+ hospitalizations [per million], which appears to have triggered many of the EU lockdowns .. These states include SD, ND, MT, NE, IN, WI, IL, MO, MS, OK, AR, KY, TN, and AL.”

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MORGAN STANLEY: “14 US states are currently at or approaching the rate of 200+ hospitalizations [per million], which appears to have triggered many of the EU lockdowns .. These states include SD, ND, MT, NE, IN, WI, IL, MO, MS, OK, AR, KY, TN, and AL.” pic.twitter.com/IE7SFeVGnn — Carl Quintanilla (@carlquintanilla) November 3, 2020 https://twitter.com/TetotRemi/status/1323605670399193092 … Read more

From coast to coast, cities all across America are bracing for complete and utter chaos

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by Michael Snyder What we are experiencing at this moment is being referred to as “the calm before the storm”.  All over the country, businesses are temporarily shutting down, stores are being boarded up and National Guard troops are being deployed.  There has never been a presidential election like this in modern American history, and … Read more