On Wire

Breaking news, updates, and reports on current events.

In fact.. US banks are tightening loans even for this quarter.. they expect more pain to come..the QoQ change is impressive..

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In fact.. US banks are tightening loans even for this quarter.. they expect more pain to come..the QoQ change is impressive.. pic.twitter.com/znFENh2jZ9 — Alessio (@AlessioTMAD) August 17, 2020 US BANKRUPTCIES AT 10 YEAR HIGH (SO FAR) pic.twitter.com/gchmObV1eY — Win Smart, CFA (@WinfieldSmart) August 17, 2020 Main Street pic.twitter.com/r9g2zoqLBP — Win Smart, CFA (@WinfieldSmart) August 17, … Read more

S&P concentration increasingly concentrated – tech and health care close to 55% of SPX. With 90% of companies reported, S&P 500 GAAP earnings are down 53% over the last year, S&P 500 Sales down 11%.

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S&P concentration increasingly concentrated – tech and health care close to 55% of SPX https://t.co/Bz9aOeKafX — The Market Ear (@themarketear) August 16, 2020   With 90% of companies reported, S&P 500 GAAP earnings are down 53% over the last year, S&P 500 Sales down 11%. $SPX pic.twitter.com/nbsFoAAMaH — Charlie Bilello (@charliebilello) August 16, 2020 VIX … Read more

LOL: Students demand university offer ‘safe’ rides home at night after defunding police.

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via campusreform: Students at Binghamton University are calling on the school to reinstate its Safe Ride program during late night to early morning hours. The students demanded the service’s return to help keep them safe. The calls come just two months after the university announced plans to defund the police. Binghamton University announced in June that they are … Read more

Politico Reports Obama Less Than Enthusiastic For Biden’s Candidacy… Former Obama Speechwriter Laughs At Media Claims Kamala Harris Is A “Moderate.”

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FORMER OBAMA SPEECHWRITER LAUGHS AT MEDIA CLAIMS KAMALA HARRIS IS A “MODERATE.” Kamala Harris is not a moderate, unless by “moderate” you mean not a commie. By every objective measure, she is on the far left of the Demcoratic Party. Her policy history and behavior is wacky, as I documented the day Joe Biden announced she … Read more

NOTHING TO SEE HERE. MOVE ALONG. USPS appears to be retiring vital machines ahead of mail-in ballot surge.

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via engadget: The United States Postal Service is reportedly retiring mail sorting machines. According to Postmaster general Louis DeJoy, the agency is in a “dire” financial situation, citing significant falls in mail volume, “a broken business model” and an inadequate management strategy as reasons for the “impending liquidity crisis.” Dejoy has been implementing changes since assuming the role in … Read more

Will this be “The Great Double-Top”?

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literally cannot find More than a very few analysts who is calling the markets lower right now Into critical timing extreme aberrant behavior in terms of price, relationships, economic conditions and macro. I do not think that I have ever seen the situation more insane than this — mcm-ct.com (@mcm_ct) August 17, 2020 Warren Buffett … Read more

Jordan Roy-Byrne Discusses Warren Buffett Buying Over 20 Million Shares Of Barrick Gold

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The Daily Gold, Released on 8/14/20 The Buffet news and there’s also news that David Einhorn’s Greenlight Capital bought GDX, are signals of the mainstream starting to adopt and recognize the new bull market in Gold and precious metals. These guys don’t buy expensive things and they aren’t flippers. Jordan Roy-Byrne, CMT is a Chartered … Read more

Peter Schiff: The Fed Can’t Print Purchasing Power

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Peter covers the monetary metals, the definition of inflation, the political landscape, the dollar and hidden tax that inflation is. Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at … Read more