On Wire

Breaking news, updates, and reports on current events.

Interest rates are not going down, inflation is still high, pressure is building up …

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by BoatSurfer600 Dave Burt, CEO of investment research firm DeltaTerra Capital, was one of the few skeptics who recognized the housing market was on the brink of collapse in 2007. Now, he believes an overlooked and unpriced climate risk could see history repeating itself. “We think of this repricing issue as maybe a quarter of … Read more

The Fed is using to give banks liquidity while ‘we’ get Inflation & Rate Hikes. The liquidity is up to $1,464 billion as of 4/5.

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by Dismal-Jellyfish https://www.federalreserve.gov/releases/h41/20230406/ What we are monitoring: Discount Window/Primary Credit Central Bank Liquidity Swaps Bank Term Funding Program (BTFP) “Other credit extensions” “Foreign Official” Tool 3/15 3/22 3/29 4/5 Discount Window/Primary Credit $152.85 billion $110.248 billion $88.157 billion $69.705 billion Central Bank Liquidity Swaps $.47 billion $.59 billion $.5875 billion $.4885 billion Bank Term Funding Program … Read more

The U.S Federal Reserve banking system is launching its own “Cash App” called “Fed Now” in July. This is a movement towards getting rid of physical money & having digital currency

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The U.S Federal Reserve banking system is launching its own "Cash App" called "Fed Now" in July. This is a movement towards getting rid of physical money & having digital currency. pic.twitter.com/lYdvZ6vPz0 — SAY CHEESE! 👄🧀 (@SaycheeseDGTL) April 6, 2023 The Federal Reserve is launching a new instant payments system called FedNow, expected to launch … Read more

Unelected, US Government employee gets caught taking millions of dollars in “gifts,” and committing multiple ethic violations…. Everyone Yawns

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by Blindghost01 An unelected judge suddenly becomes pals with the ultra elite. He takes trips worth millions of dollars and his wife becomes pals with powerful politicians. He doesn’t report his gifts and decides cases in his pal’s favor that increase the power of his benefactors. By any scale, it’s an outrageous breach. But before … Read more

They are ALL in it Together: The ‘15 Minute City’ Concept Is Coming to Russia

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“The principle of a 15-minute city should be pursued.” – Sergey Sobyanin, Mayor of Moscow Moscow is striving for the “15-minute city” principle, but currently implementing another program – “My District”. The announcement was made on June 4 2021 by Moscow Mayor Sergey Sobyanin on the Rossiya 24 TV channel. Answering the host’s question about … Read more

More and more entry-level jobs are going away and that can’t be good for young people looking for their first jobs. Not just for the income it brings in, but for the experience.

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CHANGE: Walmart says 65% of its stores will be serviced by ‘automation’ in the next three years – as it lays off 2,000 warehouse workers. It wasn’t immediately clear if the move would lead to more layoffs at the country’s biggest private employer, with about 1.7 million U.S. workers and another 60,000 abroad. The company did … Read more

Most users have no idea the access Android often allows third-party apps to pretty much everything on their phones.

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PRIVACY: Google will soon restrict loan apps from accessing users’ photos and contacts. Google will implement a new rule for apps providing personal loans starting on May 31st that could help protect users from abuse and harassment. The tech giant has updated its policy (via TechCrunch) to prohibit cash lending applications from being able to access … Read more

PAX AMERICANA IS COLLAPSING

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by Chris Black It’s amazing how much I can miss Trump, and how a pack of puzzled golems (Biden, Warren, et al) can change the whole world for the worse so quickly. It’s absolutely unbelievable how incompetent Biden and his team are. They literally destroyed 250 years of American dominance in less than 2 years. … Read more

SKYNET ATTACKS: ChatGPT AI Lists Jobs It Can Do Better Than Humans As Millions Could Be Put Out Of Work…

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OpenAI’s wildly popular chatbot, ChatGPT, is expected to replace 4.8 million U.S. jobs, according to a new report. Outplacement and executive coaching firm Challenger, Gray & Christmas recently asked ChatGPT’s bot a series of questions, including “What jobs can ChatGPT replace?” and in what fields the bot would be most capable of working, according to … Read more

GET WOKE, GO BROKE: Springfield, Missouri beer distributor cancels Budweiser Clydesdales appearances

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holy shit pic.twitter.com/wuUC15YQrX — Tim Pool (@Timcast) April 6, 2023 PR Expert: ‘Bud Light Lit Brand on Fire, People Pouring Beer Down Their Sink.’ Gareth Boyd, the marketing & PR director at Forte Analytica, says Bud Light lit its brand on fire and has lost touch with its core audience with the ad campaign. “I … Read more

IRS wants to increase audits by 10X…

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The IRS hopes to increase tax audits on the wealthiest taxpayers tenfold under the Biden administration’s plan for the agency, according to a senior administration official and the IRS’s new strategic operating plan. IRS and Treasury Department officials said Thursday that they will use $80 billion in new funding for the tax service to claw back unpaid … Read more

Betting against First Republic, short sellers made $848 Million in March – Ortex

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April 4 (Reuters) – Short sellers made a whopping $848 million in paper profit by betting against beleaguered First Republic Bank (FRC.N) in March, financial data company Ortex said on Tuesday, making it the most profitable short trade last month. https://www.reuters.com/markets/us/betting-against-first-republic-short-sellers-made-848-mln-march-ortex-2023-04-04/

The bank with highest short positions – $TD

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by Gofighting777 $TD the Canadian bank has 3.7 billion short positions right now for 4 reasons: The bank is in a deal to buy US regional bank First Horizon ($FHN) with $13.4 billion. As First Horizon is current trading at $17 (32% below the acquisition price $25 pre share), investor think TD overpaid for the … Read more