On Wire

Breaking news, updates, and reports on current events.

Joe Biden struggles to recite a single sentence from the Declaration of Independence at a rally: “All men and women created, by the, go, you know the… you know the thing”

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https://streamable.com/0s97i One of the requirements to become President of the United States is that you must be at least 35 years old, but there is no upper limit to how old someone can be as President. As people age, their cognitive abilities decline. Go watch a Donald Trump interview from the 90s then watch an … Read more

Feces found on every McDonald’s touchscreen tested

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Traces of faeces have been found on every single McDonald’s touchscreen swabbed in an investigation by metro.co.uk. Samples were taken from the new machines that have been rolled out at restaurants across the country – every one of them had coliforms. Senior lecturer in microbiology at London Metropolitan University Dr Paul Matewele said: ‘We were … Read more

The unjustified Fed rate cut creates a massive risk aversion reaction. Desperate measures do not generate confidence.

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The unjustified Fed rate cut creates a massive risk aversion reaction. Desperate measures do not generate confidence. Investors perceive Fed knows something nasty about the economy if they decide to make a surprise cut when the macro, jobs and inflation data is “solid”. pic.twitter.com/pfSsTZr8ij — Daniel Lacalle (@dlacalle_IA) March 3, 2020 Bloody f*king hell! 😬#repo … Read more

Coronavirus not priced in.

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by effvobis I just want to post some DD for people who think the beer virus is priced in. The fed holding the economy up like Atlas has given some of you bullcucks some false hope that stonks only go up. The coronavirus has just been proven to have the ability to invade the nervous … Read more

Why this time is different and VIX is here to stay

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by originalmuggins Historically, massive VIX spikes are not sustained. Usually there is a big event, a massive market fall out, and then volatility while the market tries to figure out the new equilibrium. Sometimes there is an actual economic downturn that can lead to a recession. So usually, long options in a high VIX environment … Read more

So the FED is now forced to ramp of up its REPO-repair, which likely should be considered as an emergency financial rescue (reminiscent of 2008?).

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via Marketwatch: The New York Fed’s overnight repo operation offering liquidity to broker-dealers was oversubscribed on Tuesday. The Fed tendered $100 billion of temporary funds in return for high-quality collateral like Treasurys and mortgage-backed bonds, with $108.6 billion of bids offered for the available funds. The longer-term 14-day repo operation of $20 billion was also … Read more

Schumer just threatened two Supreme Court Judges

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Wow: Chuck Schumer to Justices Gorsuch & Kavanaugh: “You have released the whirlwind & you will pay the price.” “You won’t know what hit you if you go forward with these decisions” Can you imagine the media outrage if McConnell said this about RBG? 🤔pic.twitter.com/0yK0YrloJC — Charlie Kirk (@charliekirk11) March 4, 2020 Out of bounds … Read more

Robinhood offers $15 discount, blames outage on record trades

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The $912 million-funded fintech giant will provide compensation to all customers of its Robinhood Gold premium subscription for borrowing money to trade plus access to Morningstar research reports, Nasdaq data, and bigger instant deposits. It’s offering them three months of service. A month of Robinhood Gold costs $5 plus 5% yearly interest on borrowing above … Read more

A nice history lesson on Fed rate cuts going back to 1987…..and how different (dangerous) it is this time

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Simon Black @thesovereignman with a nice history lesson on Fed rate cuts going back to 1987…..and how different (dangerous) it is this time pic.twitter.com/nBc4LclQlB — M/1_LP (@MI_Investments) March 4, 2020 Rates are going to ZERO. 10yrs could be 50bps or less. For an institutional portfolio with mix of equity and govt bonds, your bonds will … Read more

Accounting fraud? Tesla skimps on warranty costs to inflate its profits, critics allege

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https://twitter.com/evdefender/status/1235230935605485570 Over the last four months, Tesla’s shares have nearly tripled in value after the company’s quarterly earnings twice beat Wall Street’s expectations. But some Tesla critics allege that those profits were the result of misleading accounting. They claim that Tesla has inflated its profits by artificially lowering its “warranty reserve,” the money it sets aside to … Read more

We’re downgrading China growth this year from 5.9% to 3.7% & the US from 2.0% to 1.3%. Rest of the world is shaky.

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China, Japan, Germany, Italy, South Korea likely are already in recession. Inflation expectations keep falling – this is not the time for “wait-and-see”. @ecb should start sizable permanent expansion of the money base and keep going until market inflation expectations are at 2% https://t.co/JuzcQfm6Q0 — Lars Christensen (@MaMoMVPY) March 4, 2020 The Fed's current posture … Read more

THE WHOLE ECONOMY IS A LIE: The Coronavirus Is EXPOSING EVERYTHING! David Morgan Interview

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David Morgan sheds light on the ongoing correction we are now witnessing in the global markets, with China’s economy frozen due to the dreaded coronavirus, how long can the rest of the world keep functioning before the coronavirus wave of fear triggers mass panic. TOPICS IN THIS INTERVIEW: 01:05 Brutal stock market correction 07:25 Palladium … Read more

Reddit is really cleaning house now on subs and content they don’t agree with. Had about 16 of these come through as they’re imposing new mods and shutting down subs.

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by don_tiburcio In light of recent changes by reddit admin affecting other subs where mods are being replaced, users banned, and content filtered, censorship is slowly creeping across the website and leading to an entire Reddit that conforms to the mainstream narrative and admin view.