On Wire

Breaking news, updates, and reports on current events.

China sanctioned over Iran arms sales

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The US has imposed Iran-related sanctions on five Hong-Kong shipping companies, one Australian entity and one Chinese investment group, the US Department of the Treasury said, Sputnik News reported. Delight Shipping Co Ltd, Gracious Shipping Co Ltd, Noble Shipping Co Ltd, Reach Holding Group, Reach Shipping Lines, Supreme Shipping Co Ltd were added to the … Read more

CCP Wolf Warrior threatens 300,000 Canadians living in Hong Kong

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by Dave https://www.theguardian.com/world/2020/oct/16/china-ambassador-makes-veiled-threat-to-hong-kong-based-canadians “We strongly urge the Canadian side not to grant so-called political asylum to those violent criminals in Hong Kong, because it is interference in China’s domestic affairs, and certainly it will embolden those violent criminals,” Cong said. “If the Canadian side really cares about the stability and prosperity in Hong Kong, and really cares about … Read more

Dump Dollars, Buy Silver And Gold! We Destroyed The World’s Greatest Economy For No Reason

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https://www.youtube.com/watch?v=mSHJt18K-j8 Experts have been alerting that the world’s greatest economy was destroyed for no reason. Today, we will discuss specialists’ insight about the US economic future and why market consultants are suggesting the economic collapse could have been avoided. Furthermore, we’re going to examine the prospects of a W-shaped recovery, which means another recession is … Read more

How Financially Fit Are American Retirees?

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STL Fed In their article Better than Ever? The Wealth of Retired Households, the authors examined the balance sheets of households headed by retirees in 2016 with those of households headed by retirees in 2001 and 1989. To gauge how retired households past and present have fared, Chien and Sun looked at the composition of their … Read more

Something is out of place. There is a massive divergence between retail sales vs. coincident indicators.

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Something is out of place. There is a massive divergence between retail sales vs. coincident indicators. If it's all driven by fiscal stimulus…. Why aren’t we seeing a major turn in economic activity? pic.twitter.com/s82oYIDGBf — Otavio (Tavi) Costa (@TaviCosta) October 17, 2020 While it's not a component of this retail sales index, the auto industry … Read more

September data adds to picture of mixed recovery

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Raymond James The mid-month economic reports added further to picture of a mixed recovery. Retail sales posted a stronger than expected gain in September, boosted partly by a seasonal quirk. Consumers didn’t exactly “flock to the mall.” August (not September) is the month for back-to-school sales. Reduced strength this August led to a smaller seasonal … Read more

Bank of Canada Starts to Unwind Crisis Measures

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BMO Benjamin Reitzes, Director, Canadian Rates & Macro Strategist October 16th, 2020 ​ On Thursday, the Bank of Canada announced it is terminating some of the market support programs put in place at the height of the crisis in March. The Bankers’ Acceptance Purchase Facility (BAPF) and Canada Mortgage Bond Purchase Program (CMBP) are both being discontinued with the … Read more

It seems everyone & their mother knows by now that central bank actions are juicing asset prices & wealth inequality.

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https://twitter.com/NorthmanTrader/status/1318205759847620609 #recession … US #inequality edition https://t.co/6Z8Gi7tRB4 — Invariant Perspective (@InvariantPersp1) October 19, 2020 https://twitter.com/rhjameson/status/1318001780849082368 Young adults living with parents pic.twitter.com/4YAUGah84c — Win Smart, CFA (@WinfieldSmart) October 19, 2020

Evidence of Biden Family Crimes (heavily media suppressed)

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People under 40 yrs old have no clue, but @RudyGiuliani single handily took down the largest organized crime syndicate in America – the Mafia. Exposing the #BidenCrimeFamily is peanuts for Rudy. https://twitter.com/alexsalvinews/status/1316635009738973189 Nothing on MSM yet, this is crazy. Not a single comment about it, unbelievable.     h/t Patagonians

Matt Gaetz: “Charlie Kirk is now locked out of Twitter. This is such bullshit. FCC & FEC need to get off their asses now!”

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Charlie Kirk is now locked out of Twitter. This is such bullshit. FCC & FEC need to get off their asses now! — Matt Gaetz (@mattgaetz) October 18, 2020 VIDEO: Facebook Has Just Banned a User For Uploading This Trump Video That Scares the Establishment https://www.instagram.com/reel/CGf_gRegVPN/?utm_source=ig_embed  

CULTURE OF CORRUPTION: Real estate firm with deep ties to de Blasio poised to profit from Soho rezoning.

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Mayor Bill de Blasio’s Soho rezoning plan may not be popular with area residents — but a real estate company with deep ties to the mayor is sure loving it. Edison Properties stands to reap a major windfall if the plan is approved. The company owns property in the area that would be prime locations for new … Read more

Mannarino: Expect A BIG Week, BE READY!

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TradersChoice.net, Released on 10/18/20 Article on China passing export control law: https://www.yahoo.com/entertainment/china-us-trade-war Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine … Read more