On Wire

Breaking news, updates, and reports on current events.

THIS ISN’T ALL THAT NEW A DEVELOPMENT: Google Blacklists Conservative Websites.

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via theamericanconservative: Today I have discovered that Google’s search engine has somehow suppressed not only this blog, but a number of conservative blogs and websites. I don’t know why. Is it deliberate? Was it a hack? I’ll let you know when I find out. Whatever the answer, this reveals the incredible power Google has over access … Read more

Double Dip Depression with John Rubino

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from Financial Survival Network John Rubino returns… ECONOMY: Cities are shutting back down. Group of 20 statement predicts big contraction in the balance of the year. Is this a double dip depression? Do stock prices depend on a return to normal? What happens if that is delayed or canceled? PRECIOUS METALS: Money is pouring into the gold/silver … Read more

Europe Bails Out Its Failed States with Common (i.e., German) Bonds

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BY JOHN RUBINO The “European Project” was designed with something like the current crisis in mind. The adoption of a common currency was just the first, politically easiest, step in a process that would eventually – its architects hoped – culminate in something like the United States, where a bunch of different geographic and cultural entities … Read more

Robinhood is making millions off your trailing stop orders (data n stuff)

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by InVideo_ Robinhood made $90m in Q1 2020 off non-marketable limit orders. More-so than any one single entity while being a much smaller company in terms of overall flow. Which has a very intriguing image near the bottom: https://imgur.com/rwwl4lq (Robinhood is getting insane rebates on S&P500 transactions) Article: Robinhood’s Trailing Stop Orders: Extreme Profitability, By Design Previous article with moar … Read more

Incoming Tesla (TSLA) “Infinity Squeeze”

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by __TSLA__ TL;DR: A bit of DD for those wondering about what’s going on with TSLA’s recent sharp rise: a dramatic contraction of the “free float”, which could trigger episodes of delta-hedging and short covering fueled positive feedback loops, also known as an “Infinity Squeeze”. The most amazing infinity squeeze in history was VW’s in 2008, … Read more

Bloomberg: End of relief map

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End of relief map Bloomberg pic.twitter.com/aYBcq3nzxD — Alessio (@AlessioTMAD) July 21, 2020 The world’s major central banks aren’t purchasing debt fast enough to offset the increase in issuance, leaving almost $1 trillion of new sovereign bonds looking for buyers in the months ahead, mostly in the U.S. & Japan. https://t.co/YIlwFlA76j — Lisa Abramowicz (@lisaabramowicz1) July … Read more

The re-increase in #corona restrictions has really begun to take its toll on Main Street.

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🇺🇸The re-increase in #corona restrictions has really begun to take its toll on Main Street. pic.twitter.com/4lCzHewb5h — Morten Lund (@meremortenlund) July 21, 2020 If prices don’t recover both dramatically and quickly, the era of shale oil might come to a shuddering end https://t.co/8lBUxi8I55 — Bloomberg Markets (@markets) July 21, 2020 Despite the race for a … Read more

The Nasdaq Composite Fear/Greed Indicator is deep in “greed” mode. – SoberLook

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The Nasdaq Composite Fear/Greed Indicator is deep in "greed" mode. – @SoberLook Extremes rarely last long. Large deviations in one direction tend to create large deviations in the other. pic.twitter.com/spMAjoM64h — Lance Roberts (@LanceRoberts) July 21, 2020 https://twitter.com/Techs_Global/status/1285527826238771200 Context and Stock Valuations https://t.co/L72cvjdeE0 — Gregor Samsa (@macromon) July 21, 2020 Large deviations between the Nasdaq and … Read more

Water level at Three Gorges Dam in China 164 m.Max Designated Dam Height is 175 m

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Joe Colangelo Important Three Gorges Dam data as of yesterday: 61,000 cubic meters/second inflow 36,000 cubic meters/second outflow Current water height: 164 meters Max designed dam height: 175m Height of dam: 185m Important Three Gorges Dam data as of yesterday: 61,000 cubic meters/second inflow36,000 cubic meters/second outflow Current water height: 164 metersMax designed dam height: … Read more

Live image of the NY Fed’s trading desk adding liquidity to the market

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https://twitter.com/macrodesiac_/status/1285409032661016579 Never Before Has So Much #Stimulus Been Injected In The Economy In A Single Quarter https://t.co/fMhE1W1aop pic.twitter.com/GygxDUs9r8 — GoldBroker (@Goldbroker_com) July 21, 2020 I understand the Nasdaq- but this has gotta be one of the most delusional price levels on an index https://t.co/xwBtgZIX8Z — Kunal Shah 🗽 (@realKunalAShah) July 21, 2020

SILVER GOES UP OVER 1 Dollar an oz!

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HUH…19.92 last night? BOOM…21.01Bid 21.11Ask High: 21.19 Low: 20.18 +1.13 +5.68 https://www.kitco.com/charts/livesilver.html   Historical Silver Price Performance in USD Period Change ($) Change % 30 Days +3.39 +19.27% 6 Months +3.27 +18.43% 1 Year +4.83 +29.85% 5 Years +6.16 +41.48% Since 2000 +15.60 +288.35%   h/t Goneviral

I guarantee it! – Men’s Warehouse To Shut 500 Stores, Cut 20% Of Corporate Workforce

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The parent company of Men’s Warehouse announced a round of layoffs and hundreds of looming store closures Tuesday, as its business suffers a blow from the coronavirus pandemic. Tailored Brands said it is eliminating roughly 20% of its corporate workforce by the end of its fiscal second quarter. It also said it has selected up … Read more

Netflix tests new low-cost subscription plan in India

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https://techcrunch.com/2020/07/21/netflix-tests-new-low-cost-subscription-plan-in-india/ Netflix is testing a new low-cost pricing tier in India as the on-demand video streaming service looks to court more subscribers in Asia’s third-largest economy. The American giant has unveiled a “Mobile+” plan for some new and existing subscribers in India that delivers streaming in high-definition (HD) quality and supports viewing across mobile, tablet, … Read more

GOP wins major ‘election integrity’ lawsuit in Florida, where Dems sought taxpayer-funded mail-in ballots

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Watch the latest video at foxnews.com Republicans on Monday appeared to soundly defeat a Democratic-led legal effort to force taxpayers in Florida to fund mail-in ballot postage fees, eliminate ballot-return deadlines and strike down laws restricting the practice of “ballot harvesting” – which allows political operatives to retrieve vote-by-mail ballots en masse and return them to polling places. The Democratic … Read more