On Wire

Breaking news, updates, and reports on current events.

Fed balance sheet grew by $300bn past week. Undone half of QT in past year (aka QE Brrrrrr….. is back)

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by polloponzi The Fed’s actions this week are unprecedented and reveal their true intentions. They are not interested in maintaining a healthy economy, but rather propping up the stock market and benefiting the wealthy at the expense of everyone else. This is just another example of how the rich get richer while everyone else gets … Read more

GET WOKE, GO BROKE: Google won’t honor medical leave during its layoffs, outraging employees.

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Would you believe that Google’s mass firings from January are still going on? Google’s reported mishandling of its biggest round of layoffs ever has employees up in arms, and they’re doing everything from walking out on the job to sending angry letters to management. First up, European Googlers are just now being laid off due to the … Read more

Get Ready for the Distressed Equity Bonanza

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by Simon Black This isn’t over yet. Last week after Silicon Valley Bank went poof in a matter of hours, I wrote that this financial catastrophe is just getting started: “Like Lehman Brothers in 2008, SVB is just the tip of the iceberg. . .” Within days, several other banks were on the verge of … Read more

First Republic Bank may not make it through this Friday?!

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First Republic Bank – May not survive by this Friday. Powell keep on increasing rates. by u/No_Flatworm8955 in wallstreetbets BANKruptcy Bingo card updated … pic.twitter.com/UMTvg5dBv4 — Wall Street Mav (@WallStreetMav) March 20, 2023 ANOTHER ONE THIS WAS LIKE 15 SECONDS $FRC pic.twitter.com/rCFoIljX2a — GURGAVIN (@gurgavin) March 20, 2023 ‘Dr. Doom’ economist Nouriel Roubini says the … Read more

NATO accelerating deployment of up to 300,000 soldiers along the Eastern border

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NATO to accelerate deployment of up to 300,000 soldiers on eastern border https://t.co/w1FnGcpW4b — EndGameWW3 🇺🇸 (@EndGameWW3) March 20, 2023 In the coming months, NATO will accelerate efforts to stockpile equipment along the alliance’s eastern edge and designate tens of thousands of forces that can rush to allies’ aid on short notice – Politico https://t.co/OK8dv9xunP … Read more

Jamie Dimon Leading Efforts to Craft New First Republic Bank Rescue Plan

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https://www.wsj.com/articles/jamie-dimon-leading-efforts-to-craft-new-first-republic-rescue-plan-a39b9bb “Big-bank CEOs are discussing a capital infusion in troubled lender that could boost confidence in financial system…The discussions, while preliminary, have focused on how the industry could arrange for an investment that would boost the bank’s capital, according to people familiar with the matter.”

Steel Barricades going up outside Manhattan criminal courthouse

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Numerous Metal Barricades Arrive Outside The Manhattan Criminal Courthouse In New York City, Ahead Of A Possible Indictment Of Former President Trump This Week. With NYPD Mobilizing up to 700 Riot Cops, Ahead of Potential unruly protest 🚨#BREAKING: Steel barricades are being unloaded outside Manhattan criminal courthouse⁰📌#Manhattan | #Newyork Numerous Metal Barricades Arrive Outside The … Read more