On Wire

Breaking news, updates, and reports on current events.

How can the MSM and Big tech be running the out of context, and clearly fabricated Giuliani, Borat story, yet remain silent on #LaptopFromHell?

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Looking at Twitter there seems to be a plethora of news outlets running the totally out of context and fabricated Giuliani story, but they have all remained so silent about a factual story of corruption involving the Bidens. This is clearly aimed at influencing the election and quite alarming for journalism and democracy itself. ‘BORAT’ … Read more

Smart money turns negative on the buck

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The last couple of times this happened the dollar had a big rally. The dollar is generally weak in extreme risk on environments and strengthens during risk off. So it makes sense the dollar is weak now. The smart money has gone net short stocks for the first time in months. They’ve also started to … Read more

G. Orwell’s 1984 most repeated words

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by HitchHux Source: G. Orwell, 1984. London: Penguin ed. epub format Manipulation and Viz: R – text processing: packages ‘archive’ and ‘hgr’ for parsing; ‘tm’ and ‘stringi’ for cleaning – word cloud: ‘wordcloud’ and ‘wordcloud2’ packages

Agencies finalize rule to reduce the impact of large bank failures

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Source: Federal Reserve The federal bank regulatory agencies today finalized a rule to limit the interconnectedness and reduce the impact from failure of the largest banking organizations. The final rule is substantially similar to the proposal announced last year and complements other measures that the agencies have taken to limit interconnectedness among the largest banking organizations. … Read more

UK Deficit still running at a record ~ÂŁ1 billion a day, even before the new restrictions exert their strangehold on activity. Finances are now at their worst since WWII.

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And, in case you were wondering how this has all been funded, the answer is, it hasn't – it's been printed up out of thin air by the obliging #AndrewBailey at the #bankofengland #BOE #monetization pic.twitter.com/Iii5xX3HLQ — Cantillon Consulting (@CantillonCH) October 21, 2020

If we’re on the brink of a deepening default cycle, U.S. corporate debt hasn’t gotten the message.

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If we're on the brink of a deepening default cycle, U.S. corporate debt hasn't gotten the message. Investors are demanding the least extra yield over rates to own the lowest-rated junk bonds since February, before the pandemic really took hold. pic.twitter.com/KQNWLW6NPm — Lisa Abramowicz (@lisaabramowicz1) October 21, 2020 No deflation with rising permanent joblessness spells … Read more

Clear sign of a K-shaped recovery

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United States mortgage applications fall. However, the housing market boom continues as more homes are bought with no mortgage. Clear sign of a K-shaped recovery pic.twitter.com/yefqd0S2GG — Daniel Lacalle (@dlacalle_IA) October 21, 2020 #recession … US #inequality edition https://t.co/uU8rnTwrNw pic.twitter.com/tMIgHAamPL — Invariant Perspective (@InvariantPersp1) October 20, 2020

Europe and Canada Economies Slow Down Their Recovery

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by Peter Smith The 2020 crisis is not over. Economic incentives no longer have such an effect, as a result, there is a slowdown in the recovery of economies. The Crisis Continues Scarcely a week after the World Economic Outlook survey of the International Monetary Fund pointed to a steady strengthening of the global economy in … Read more

BREAK THEM UP: Chrome won’t clear your Google and YouTube data — even if you tell it to. “Browser retains site data in defiance of privacy settings.”

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If you set Google Chrome to purge all website cookies and site data when you close the browser, it nonetheless keeps the site data for two specific websites: YouTube and Google itself. So says Mac programmer Jeff Johnson, who documented the naughty behavior in a blog post earlier this month (as earlier reported by The Register). Best … Read more

Californians Flocking To Montana, Driving Up Home Prices

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BOZEMAN, Mont. – The four-bedroom contemporary just west of town smelled of fresh paint, flooring, sealant and new beginnings. The Bridger Mountains beckoned against an azure sky off the back deck, and Robert Carder, Montana’s newest transplant, couldn’t contain himself. “This is your new home, Conner!” he exclaimed to his 57-pound Australian cattle dog, whose … Read more