On Wire

Breaking news, updates, and reports on current events.

The new norm in a 0% interest rate world. Wait for the risk event to pass and we will begin to see outflows from the Dollar into high yielding currencies like never before.

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The new norm in a 0% interest rate world. Wait for the risk event to pass and we will begin to see outflows from the Dollar into high yielding currencies like never before.#USD #USDINR #USDOLLAR pic.twitter.com/VtnQALSTvo — BeSomebodyFX (@BeSomebodyFX) October 27, 2020

So Florida is the first state in terms of search results for “how to change the vote” and apparently who voted already voted for Biden, I will leave that up to your interpretation.

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We are 1 week away from elections, meanwhile, Google trends is exploding with "how do I change my vote" search results and the market is positioned for a Biden win while history teaches us that Trump can surprise polls.#SP500 #ES_F #NASDAQ #RTY #RUT #SPX #VIX pic.twitter.com/B1dUKyyx1N — BeSomebodyFX (@BeSomebodyFX) October 26, 2020 So Florida is … Read more

Dow Jones 26600 the most important number . Anything above is still in the safe zone BELOW and the bear market/crash begins

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Dow Jones 26600 the most important number .Anything above is still in the safe zone BELOW and the bear market/crash begins pic.twitter.com/CDyA3z88xF — The Great Martis (@great_martis) October 27, 2020 https://twitter.com/NorthmanTrader/status/1321171609424695296 #recession … #StockMarket #Bubble edition https://t.co/hQxmsTIidj — Invariant Perspective (@InvariantPersp1) October 27, 2020 #recession … #GFC2 US #Corporate #Debt #Bubble editionvia @mtmalinen$HYG $JNK 📉 … Read more

US banks always follow the European banks…

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Agree. This is a good explanation for why EU banks are on the precipice: https://t.co/BbKlXYjDOE And this is even better: https://t.co/d62SnwN5Rk And U.S. banks like GS, MS, JPM and C have derivatives counter-party exposure risk to the big EU banks — Dave Kranzler (@InvResDynamics) October 27, 2020

2020 Has Been A Hard Year For Higher Ed With 337,000 Jobs Lost. Could 2021 Be Worse?

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Chronicle of Higher Education, 2020 Has Been a Hard Year for Higher Ed. Could 2021 Be Worse?: Colleges are now starting to calculate the full costs of the coronavirus, including the fallout from declining enrollments and rising operating costs. At places like Ithaca College, the impact of the pandemic is accelerating plans for major cuts in … Read more

All Bubbles Eventually Find A Pin

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by Peter Schiff of Peter Schiff Podcast Stock markets tumble on renewed fears. Blue wave may not crest as once was expected. More stimulus comes with bigger government. Trump is the Republican Jimmy Carter. Trump’s legacy will be his successful Supreme Court nominees. The most important thing this election is to prevent Democrats from taking control of the … Read more

The Border Patrol Is Monitoring Millions Of Americans’ Cellphones Inside Their Homes

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by mapi The Feds are using the pandemic as an excuse to ID and track millions of innocent Americans’ cellphones inside their homes. This past August, a Motherboard article revealed the U.S. Customs and Border Patrol (CBP) had signed a $476,000 contract with Venntel, a cellphone data mining corporation. Motherboard went on to explain why the Feds signing a contract with … Read more

No Stimulus For You, Failed Economy and Failed Cities/States with John Rubino

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from Kerry Lutz’s Financial Survival Network John Rubino returns for another weekly installment… Might not be a stimulus bill before the election, which means before January. Major economic disruption if so. Let’s go through some of the things that would happen. The game is still ongoing and there’s a number for how low the stock market goes … Read more

The ECB has found itself pushing on a string

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by Shaun Richards Our focus today shifts to the Euro area where to quote Todd Terry there is indeed “something going on”. We find that the European Central Bank can influence one area of the economy and here it is. Annual growth rate of narrower monetary aggregate M1,, comprising currency in circulation and overnight deposits, … Read more

170 out of 499 S&P companies have reported Q3 earnings, growth is -14%. Consumer confidence in freefall

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https://twitter.com/GreekFire23/status/1321153120592953345 The most striking data point from this month’s US Conference Board report is the absolute collapse in confidence for consumers in the $15K & below income bracket. It is the 2nd largest 1M drop on record at -26.1pts, surpassed only by the drop in March at -28.2pts. pic.twitter.com/xHtFrnPfo8 — Julien Bittel, CFA (@BittelJulien) October … Read more

Federal Reserve Board fines the Goldman Sachs Group, Inc. $154 million for failure to maintain appropriate oversight, internal controls, and risk management with respect to 1Malaysia Development Berhad (1MDB)

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Source: Federal Reserve The Federal Reserve Board on Thursday announced it has fined the Goldman Sachs Group, Inc. $154 million for the firm’s failure to maintain appropriate oversight, internal controls, and risk management with respect to Goldman’s involvement in a far-reaching scheme to defraud a Malaysian state-owned investment and development company, 1Malaysia Development Berhad (1MDB). In … Read more

Escape From New York (And Chicago)! Case-Shiller Home Prices Rise 5.7% YoY As Phoenix AZ Leads In YoY Price Growth (Chicago And New York In Last Place)

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by confoundedinterest17 The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.7% annual gain in August, up from 4.8% in the previous month. The 10-City Composite annual increase came in at 4.7%, up from 3.5% in the previous month. The 20-City Composite posted a 5.2% year-over-year gain, … Read more