On Wire

Breaking news, updates, and reports on current events.

NIRP COMING TO AMERICA!?

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The June 21 Fed Funds Future is now pricing an implied risk of negative Fed Funds rates! Weeeeeeehooooo! The June 21 Fed Funds Future is now pricing an implied risk of negative Fed Funds rates! NIRP COMING TO AMERICA!? đŸ‡șđŸ‡žđŸ˜±@albertedwards99 is eating popcorn meanwhile! pic.twitter.com/sGK4r2XYTJ — Andreas Steno Larsen (@AndreasSteno) May 7, 2020    

Majority of new cases in NYC are people sheltering in place.

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by dtrammel https://www.cnbc.com/2020/05/06/ny-gov-cuomo-says-its-shocking-most-new-coronavirus-hospitalizations-are-people-staying-home.html Maybe the at risk people with large public exposure already have been sick? Maybe stay at home people are not practicing the level of decon that they need to for their limited journeys out? Nearly half are minorities and old, are they getting this from family members?

How All That Extra Stimulus Money Could Lead to Price Inflation

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by Thorsten Polleit via Mises In an effort to “fight” the consequences of the politically orchestrated “lockdown,” the Fed pumps vast amounts of money into the economy. It injects base money into the banking system. It also monetizes outstanding debt and finances the US administration’s deficit spending policy by issuing new money. This not only increases “excess reserves” … Read more

UNEMPLOYMENT is NOW UP TO 33 MILLION!

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Breaking News @BreakingNews Another 3,160,000 Americans filed unemployment claims last week; more than 33,000,000 have filed jobless claims in the past two months. Another 3,160,000 Americans filed unemployment claims last week; more than 33,000,000 have filed jobless claims in the past two months. https://t.co/1yeguvcQ9h — Breaking News (@BreakingNews) May 7, 2020    

Wrenching And Immediate Jobs Problem, Just As Consumer Prices Must Rise

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Charles Hugh Smith joins us today to discuss the economic reality on Main Street that’s totally disconnected from Wall Street. From the abrupt loss of jobs, to a consumer that’s nowhere to be found and inflation ready to run rampant, here’s discussion about these unprecedented, dark times
   Charles Hugh Smith from Of Two Minds interviewed by Half Dollar of … Read more

Protests not allowed during pandemic, say NYC mayor and police commissioner

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NEW YORK – After a news conference by LGBTQ activists critical of Mount Sinai Hospital’s relationship with a religious organization during the coronavirus pandemic, the city’s police commissioner and the mayor said “protests” would not be tolerated. About a dozen activists with the Reclaim Pride organization took to First Avenue in Manhattan outside the hospital to hold a news conference … Read more

Fox News: Schiff in Panic Mode

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Watch the latest video at foxnews.com More reports being released that show no collusion between the Trump team and Russia. Schiff knew this the whole time even though he said he had direct evidence. “Another source familiar with the transcripts told Fox News that the people interviewed by the House Intelligence Committee during its Russia … Read more

Chegg, the online student learning platform, reported Q1 earnings on Monday with revenue rising 35% to $131.6 million, exceeding consensus forecast of $122.7 million, while adjusted EPS rose 40% year over year to $0.22

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by InterestingNews1 The CEO sees opportunity in the current crisis issuing an upbeat statement saying “Our belief is that, in every industry, a crisis often accelerates the inevitable and that is what we see happening in higher education.” But Chegg was growing fast before the crisis (19% annual revenue growth for past three years) and … Read more

Report: Christopher Steele Just Threw Hillary and Susan Rice Under the Bus During Testimony in British Court

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“Well, we knew it was coming at some point
the moment when the “Dossier Damn” would break and the truth would come rushing through. We’re now seeing the first crack in the wall and the water is starting to leak and Democrats have to be groaning in agony. Christopher Steele – the former British Intel spy … Read more

“We’re Going to Court!” Canadian Coalition for Firearms Rights vs Trudeau Govt.

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Ottawa, ON May 6, 2020 The CCFR, as the public relations and education branch of the Canadian firearms community, has not typically pursued litigation as a tool of changing legislation or steering public policy. As a result of this unprecedented attack on the freedom and liberty of Canadian sport shooters and hunters, that’s changing. Over … Read more

U.K. economy forecast to shrink by most since 1706!

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LONDON — The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction in more than three centuries as a result of the coronavirus pandemic, before roaring back next year. In what it describes as a “plausible” scenario, the bank said the British economy will be 30% smaller at the … Read more

A Look At The Extreme Stock Market Insanity Using Only One Tech “Unicorn” Company

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by Dave Kranzler of Investment Research Dynamics Wayfair is one of the tech-borne “unicorn” style companies which has become a  symbol of the most over-inflated stock bubble in U.S. history. The dot.com bubble on steroids.  Its business model is geared to generate sales growth as a device to inflate the company’s market cap by enticing enough volume from momentum … Read more

We either have equality or we don’t.

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REALCLEARINVESTIGATIONS: The Growing Backlash Against Female-Only School Programs. Created to counter sexual harassment and discrimination, these programs are now being reviewed by the Trump administration’s Department of Education. The federal department’s Office for Civil Rights has opened more than 90 investigations of the programs to date, in all 12 of the office’s regional branches nationwide, and … Read more