On Wire

Breaking news, updates, and reports on current events.

Tim Pool: Survey Shows Leftists Are More Likely To Have Mental Illnesses, Far Left Being The WORST [VIDEO]

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 Politics Survey Finds People Who Identify as Left-Wing More Likely to Have Been Diagnosed With a Mental Illness A new survey of more than 8,000 people has found that those who identify with left-wing political beliefs are more likely to have been diagnosed with a mental illness. Ann Coulter’s “liberalism is a mental disorder” … Read more

An Executive Order Has Initiated ‘Department Of Defense Global Campaign Plan For Pandemic Influenza And Infectious Diseases 3551-13’

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by Michael Snyder It appears that the U.S. military is taking this coronavirus outbreak extremely seriously.  An executive order has been issued which has initiated the implementation of “the Department of Defense Global Campaign plan for Pandemic Influenza and Infectious Diseases 3551-13”.  We don’t know all of the details of the plan, but we do … Read more

Credit-Card Interest Rates Soar to Record High, Bond Yields Drop to Record Low: What Gives?

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My “Credit-Card Spread Index” blows out. Heck if I knew what that means, but it doesn’t mean anything good. By Wolf Richter for WOLF STREET. The average yield of investment-grade bonds (as per ICE BofAML US Corporate Yield index) dropped to a record low of 2.62% this week. This comes after the Fed cut its policy rates three … Read more

MSN: “Sacramento County Says It’s Illegal to Work on Your Own Car in Your Own Garage”

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MSN: “Sacramento County Says It’s Illegal to Work on Your Own Car in Your Own Garage” There’s an interesting discussion happening over at the Grassroots Motorsports forum right now, and presumably at many other places off-line. It’s about laws in Sacramento County stating, essentially, that almost any auto repair you do on your property is illegal. Of course, … Read more

1 in 3 American Workers Run Out of Money Before Payday… Household Debt Exceeds $14 Trillion for First Time… Credit-Card Crazy… 

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1 in 3 American workers run out of money before payday…  Going extra light at the grocery store. Cutting down on medical supplies. Buying clothing and household supplies secondhand. These are just some of the many ways many Americans are making it work when money is tight. For about a third of Americans, this is … Read more

Chinese numbers garbage

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by Matties I do not know why anybody wants calculations with Chinese concocted numbers. Garbage in, garbage out. I still hold the “Chinese meme” that Asians are far more prone to this disease. Japanese should be very aware and awoke to use this word. Overfull (ICU) hospitals are at risk to spread the virus especially for … Read more

A volatility trader buys 100,000 $VIX calls in March for 49 cents, the S&P 500 Index continues to hit new all-time highs and discount coronavirus fears, & $VIX options and futures settled this morning at 14.56

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A volatility trader buys 100,000 $VIX calls in March for 49 cents, the S&P 500 Index continues to hit new all-time highs and discount coronavirus fears, & $VIX options and futures settled this morning at 14.56. Host Michael Palmer pic.twitter.com/SHsrKSahHC — Cboe (@Cboe) February 12, 2020

Goldman Sachs sees limited upside for the S&P 500 from current levels and set a price target of 3400 by the end of 2020

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🇺🇸 S&P 500 in 2020 Goldman Sachs sees limited upside for the S&P 500 from current levels and set a price target of 3400 by the end of 2020 👉 https://t.co/fChAdde3Tl h/t @GoldmanSachs#markets #sp500 $spx #spx $spy #stocks #stockmarket #equities #investing pic.twitter.com/4EbyNDXwiq — ISABELNET (@ISABELNET_SA) February 12, 2020 https://twitter.com/FerroTV/status/1227669554358341635

Powell just addressed this a moment ago when he said: “.. what it means is that 20 years from now, we’ll be spending those tax dollars — our children will be spending those tax dollars — on servicing the debt rather than on the things that they really need.”

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Powell just addressed this a moment ago when he said: ".. what it means is that 20 years from now, we’ll be spending those tax dollars — our children will be spending those tax dollars — on servicing the debt rather than on the things that they really need.” https://t.co/aNvsfM7zF9 — Carl Quintanilla (@carlquintanilla) February … Read more

China’s Battered Banks Brace for Worst-Case Economic Scenario

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The impact of the spreading coronavirus risks bringing to life the worst-case economic scenarios contained in China’s annual banking stress tests. Last year’s exercise envisaged annual economic growth slowing to as low as 4.15% — a scenario which showed that the bad loan ratio at the nation’s 30 biggest banks would rise five-fold. Analysts now say that … Read more

Suitcase Full Of Dead Birds From China Intercepted At Virginia Airport

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Can you believe this crap? “According to officials, the traveler arrived on a flight from Beijing, China on Jan. 27, 2020 where the traveler’s final destination was to a residence in Prince George’s County, Maryland,” the outlet reported. “During a baggage examination, CBP specialists discovered a package with pictures of a cat and dog that … Read more