On Wire

Breaking news, updates, and reports on current events.

Latam Airlines, Latin America’s largest air carrier, files for bankruptcy in New York after the pandemic grounded flights

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https://www.bloombergquint.com/business/latam-airlines-files-chapter-11-bankruptcy-stymied-by-lockdowns ​ The Chapter 11 petition allows Latam to keep operating while the Chilean carrier works out a plan to pay creditors and turn around the business. Latam, whose shareholders include Chile’s Cueto family and Delta Air Lines Inc., continues to operate on a reduced schedule, and it has commitments for a bankruptcy loan of … Read more

Chinese Companies Committing Fraud in US Markets

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by Tooup & cbus20122 Disclaimer: I am not attempting to give investing advice. While I do hold my own personal positions with a few of these companies, I am a relatively new trader and my positions amount to very little. My intention with this post is to spur discussion, while providing the insights I am basing my … Read more

Citigroup Panic/Euphoria model flashing extreme euphoria. ‘The ripple effects of 10 million or more jobs permanently lost rule out any hope of a quick economic bounceback.’

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'The ripple effects of 10 million or more jobs permanently lost rule out any hope of a quick economic bounceback.' https://t.co/ghyPVpBca3 — Jesse Felder (@jessefelder) May 26, 2020 Citigroup Panic/Euphoria model flashing extreme euphoria BofA Bull & Bear Indicator flashing extreme bearishness >30% of SPX companies suspended EPS guidance Reggie Bush (who's Mom got a … Read more

JPMorgan’s Dimon Admits Fed Liquidity Is Propping Up Stocks… Deutsche Bank CEO: Markets Too Optimistic About Coronavirus Recovery: Deutsche Bank CEO…

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Markets Too Optimistic About Coronavirus Recovery: Deutsche Bank CEO Deutsche Bank chief executive Christian Sewing said on Tuesday that markets were too optimistic in their assessment of a recovery from the coronavirus crisis. JPMorgan’s Dimon Admits “Fed Liquidity Is Propping Up Stocks” “…bringing out the bazooka…” JPMorgan CEO Jamie Dimon told the Deutsche Bank Global Financial … Read more

You Went Full Karen, Karyn. Never Go Full Karen, Karyn.

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Massachusetts Lt. Governor Karyn Polito Hosts Dozens Of Friends At $1.5 Million Lakefront Shrewsbury Mansion Despite Social Distancing And Mask Orders. “Lt. Governor Karyn Polito recently reminded Massachusetts residents that they should stay at home unless they need to go out to pick up “essentials,” and urged citizens to adhere to social distancing guidelines. Likewise, Governor … Read more

Thanks to the Fed companies are even more levered AFTER the crash than before. The coming wave of defaults looks like it is going to be brutal. BofA cautions on fake markets.

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Thanks to the #Fed companies are even more levered AFTER the #crash than before. pic.twitter.com/A6lmZ87WTH — Lance Roberts (@LanceRoberts) May 26, 2020 The coming wave of #defaults looks like it is going to be brutal. pic.twitter.com/j3hNPlEavv — Lance Roberts (@LanceRoberts) May 26, 2020 Debt Wave is comming… pic.twitter.com/GgBH4hamH7 — Piotr Janiszewski (@ATAFIN) May 26, 2020 … Read more

Russia Considers Extending Oil Output Cuts Beyond June

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By Tsvetana Paraskova Russia’s Energy Minister Alexander Novak is discussing with oil firms on Tuesday the possible extension of the current oil production cuts beyond June, sources with knowledge of the meeting’s agenda told Reuters. The OPEC+ group pledged in April production restrictions of 9.7 million bpd in May and June, before easing the cuts to 7.7 million … Read more

CHINA is PREPARING FOR WAR. XI URGES PREPAREDNESS for MILITARY COMBAT

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President Xi Jinping said on Tuesday China would step up its preparedness for armed combat and improve its ability to carry out military tasks as the coronavirus pandemic is having a profound impact on national security, state television reported. China’s performance in fighting the new coronavirus has shown the success of military reform, Xi was … Read more

Fascinating piece from former CBS News president about how media are too far gone to correct course. Our media are the most powerful and unaccountable political advocacy group in the country.

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Fascinating piece from former CBS News president about how media are too far gone to correct course. Our media are the most powerful and unaccountable political advocacy group in the country. https://t.co/6LNznHwmgn — Mollie (@MZHemingway) May 25, 2020 Now George Soros owns the Nytimes? Things can only get worse and they were bad enough to … Read more

Surviving an Economic Collapse — Barter Items to Have on Hand for the Collapse of the Dollar

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by Amy S.   I am one–hundred percent convinced that a dramatic and negative change in our economy will happen very soon. Quantitative easing, over-inflated home and student loans, and a stock market built on nothing but hopes and dreams are certain to bring a collapse of the U.S. economy. We’ve watched inflation continue to climb, … Read more

“California didn’t set # or % for capacity requirements for reopening of dine-in restaurants, but set guidelines for churches to restrict capacity to 100 people or 25%. How is this not a violation of the 1st Amendment?…”

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California didn't set # or % for capacity requirements for reopening of dine-in restaurants, but set guidelines for churches to restrict capacity to 100 people or 25%. How is this not a violation of the 1st Amendment? Sounds like a case for @realDonaldTrump & @TheJusticeDept. — Rep Andy Biggs (@RepAndyBiggsAZ) May 25, 2020 GOLD’S GYM … Read more

TWITTER Crack Down on Trump?

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“Please delete those tweets,” the widower begged in a letter last week to Twitter’s chief executive, Jack Dorsey. “My wife deserves better.” Yes, Twitter, Lori Klausutis certainly does deserve better, nearly two decades after she died in a tragic accident that has morphed into a macabre and continuing nightmare for her husband, Timothy Klausutis. The … Read more

To Prevent Problematic Inflation, We Need More Production (Which Means There’s Trouble Ahead)

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by Thorsten Polleit via Mises The science of economics is different from natural science. In natural science, it is possible to detect regularities in the form of “When A, then B” or “If A rises by x percent, B changes by y percent.” As a result, in natural science it is in principle possible to come up with more … Read more