On Wire

Breaking news, updates, and reports on current events.

The System Is Rigged: Qualified Immunity Is How the Police State Stays in Power

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by John W. Whitehead “What’s been most striking to me is just how one-sided the rules are when Americans take on their own government…. It has been dismaying to learn the extent to which rules and laws shield the government from accountability for its abuses—or even lawbreaking…. It’s been a long and frightening lesson…. The rules … Read more

Senator Josh Hawley Takes on The GOP Political Establishment – The Fraud of “The Conservative Bargain”…

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by sundance U.S. Senator Josh Hawley delivered a speech on the floor of the senate that deserves some attention.  The larger issue outlined by Senator Halwey surrounds the recent Supreme Court Bowstock decision authored by Justice Gorsuch.  However, in overlaying the judicial outcome, Hawley hits on the central issue he calls the “conservative bargain.” The entire … Read more

The Next Iteration. What is Yield Curve Control?

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by Michael Lebowitz and Jack Scott The next iteration of monetary policy may well be “yield curve” control? Debt and interest rates have become the predominant driving force of our economy. Unfortunately, a majority of the debt is unproductive, resulting in declining long-run economic and productivity growth rates. In the 1950s, each dollar of debt drove nearly … Read more

Keith McCullough: Will Fed Intervention Turn U.S. Economy Into Japan?

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Hedgeye, Released on 6/16/20 In light of the Fed’s unprecedented intervention into U.S markets and the economy, a viewer asked an interesting question on The Macro Show. Are these recent developments effectively turning the U.S. economy into something resembling Japan’s? Watch Hedgeye CEO Keith McCullough’s response in the clip above. Mr. Keith R. McCullough is … Read more

A Dangerous Gap Has Opened Up For U.S. Equities

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by jessefelder It should come as no surprise to most investors that U.S. stocks have dramatically outperformed the rest of the world over the past decade. People have come up with tons of stats demonstrating the extremes that our stock market has reached in this regard. For example, the combined market capitalization of just Apple and Microsoft … Read more

They Wanted Their Own Country, They Got It: Police, Fire Reportedly Refused To Respond To Crime In Progress In Seattle’s Breakaway Chop.

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Police, Fire Reportedly Refused to Respond to Crime in Progress in Seattle’s Breakaway CHOP. Seattle Mayor Jenny Durkan’s “summer of love” turned into a summer of crime earlier today, and the NY Post reports that the police and fire department did not respond effectively. Not sure why they would. CHOP may have changed its name but it’s still … Read more

The Fed bond purchasing has little restrictions on executive compensation, buybacks, layoffs, offshoring, or paying out private equity. All factors in inequality. Again, the Fed is not an innocent party here.

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The Fed bond purchasing has little restrictions on executive compensation, buybacks, layoffs, offshoring, or paying out private equity. All factors in inequality. Again, the Fed is not an innocent party here. — Nomi Prins (@nomiprins) June 17, 2020 Not as old as Rudy, but old enough to remember when they called this front running.Now its … Read more

The main reason Japan survived so long w/ so much Debt is b/c for 20 of their 30 post-crash yrs, the rest of the world was healthy.

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The main reason Japan survived so long w/ so much Debt is b/c for 20 of their 30 post-crash yrs, the rest of the world was healthy. Japanese retirees could find higher int rates abroad. Not the case today. Both US/Japan on accelerating path where ~ nobody can afford to retire~ 🤔 pic.twitter.com/vQrR9Yn82j — M/1_LP … Read more

Where we are in the markets – DANGEROUS times – No shorts and everyone is long means there isn’t any support for price.

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https://twitter.com/ThinkTankCharts/status/1273162813972848640 If you close your eyes, you can pretend we're still in 2019…. much like the companies that are using last year's figures to avoid defaulting. Story with @kayewiggins https://t.co/KsubxRXQjK — Nikou Asgari (@nikasgari) June 17, 2020 EQUITY SENTIMENT INDICATORS LOOK INSANE pic.twitter.com/ud07859Abb — Win Smart, CFA (@WinfieldSmart) June 17, 2020

Fed’s own economic activity index just declined again. Stocks don’t belong at these valuations. Gravity still works.

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Fed’s own economic activity index just declined again. Stocks don’t belong at these valuations. Gravity still works. pic.twitter.com/jjAU7iGUsE — Otavio (Tavi) Costa (@TaviCosta) June 17, 2020 Here’s your recovery. Enjoy! pic.twitter.com/X6od2Qerle — David Rosenberg (@EconguyRosie) June 16, 2020 VULNERABLE RETAILERS pic.twitter.com/NJJA13G941 — Win Smart, CFA (@WinfieldSmart) June 17, 2020 "The chart below shows the five-year … Read more