On Wire

Breaking news, updates, and reports on current events.

Coronavirus Outbreak Alert: Food Prices Skyrocket In China

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by Mac Slavo of SHTFplan Food prices have skyrocketed in China amidst the ongoing coronavirus outbreak plaguing the country. Food prices are soaring more than 20% according to government statistics released Monday. China’s consumer price index (CPI) spiked 5.4% compared to this time last year, the country’s state-run media organization Xinhua reported, citing the National Bureau of Statistics data … Read more

Chris Vermeulen: Mid-Caps, Transportation, Energy, And Financials Have All Started To Roll-Over

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by Chris Vermeulen of The Technical Traders STOCK MARKET SECTOR ROTATION SHOULD PEAK WITHIN 60+ DAYS The first part of this article highlighted what we believe is the start of a broad market sector rotation setup in the US and global markets.  This second part will highlight what we believe are excellent examples of sector trade setups for our friends … Read more

Chinese Tourism Has Come to a Halt

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by Martin Armstrong Anyone who has been traveling these past few years will notice the changes in tourism. Back in the ’90s, the number one tourist group was clearly Japanese. As their economy imploded thanks to government mismanagement, the next group was the Russians. When I was in Venice a year ago, there are a … Read more

Watch our cities decay. See it spread.

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by Fabius Maximus Summary: Rising homicide rates and normalization of theft are two epidemics afflicting some of America’s cities. These things spread, unless we do something to stop them. Since we accept them as normal, we’ll get more of them. “Paying for things is for dummies!” — Harley Quinn in Birds of Prey. Bad news for us … Read more

Tech/S&P ratio weekly RSI just hit the 2nd most overbought reading *of all time* (30 years). Just 5 stocks account for 20% of the S&P 500. Many big companies look so unstable

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Tech/S&P ratio weekly RSI just hit the 2nd most overbought reading *of all time* (30 years). History being made – it doesn't get much more extreme than this. Only one week ever closed higher – Jan 29 1999, the start of a five-month -15% correction. $XLK $SPT $SPX pic.twitter.com/6hCh4tI7fX — Macro Charts (@MacroCharts) February 10, … Read more

Supply Chain Woes Coming, First Quarter US GDP May Be as Low as 1.2%

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$AMZN stockpiling products made in China – this means likely supply chain woes coming — Alastair (@StockBoardAsset) February 10, 2020 $AAPL momentum has been lagging pic.twitter.com/35jKhM2jio — Alastair (@StockBoardAsset) February 10, 2020 monetary policy useless in fixing severed supply chains pic.twitter.com/LBEFaoXKxt — Alastair (@StockBoardAsset) February 10, 2020   First Quarter US GDP May Be as … Read more

Mission impossible? WHO director fights to prevent a pandemic without offending China

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Mission impossible? WHO director fights to prevent a pandemic without offending China Interesting insights on depth of challenge. “WHO has never faced such a fast-moving epidemic in a country that is quite that powerful and, in many ways, closed.” https://t.co/4XdsArxgfv — Danielle DiMartino Booth (@DiMartinoBooth) February 10, 2020 Breaking – Chinese expert Zhong Nan-Shan led … Read more

President Donald J. Trump Reacts to Roger Stone 9-Year Prison Sentence: “Disgraceful! This is a horrible and very unfair situation.

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A *9 year* prison recommendation for non-violent crimes committed by a 67-year-old man. https://t.co/9w7IUa2f09 — Chuck Ross (@ChuckRossDC) February 10, 2020 Any reasonable person knows that if this is the actual sentence for Roger Stone that it is an unhinged miscarriage of justice https://t.co/JcIJNm1IDY — Saagar Enjeti (@esaagar) February 11, 2020 Disgraceful! https://t.co/nNXEjJuVyw — Donald … Read more

Democrat Presidential Candidate Pete Buttigieg Accidentally Repudiates “Black Money” in a Room Full of Black People

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Greg Price Verified account @greg_price11 Pete accidentally calls “dark money” “black money” while speaking to a room of black people. He then makes it so awkward that it physically hurt to watch this video. Pete accidentally calls “dark money” “black money” while speaking to a room of black people. He then makes it so awkward … Read more

Biggest CRASH Potential is Tech Stocks! Massive Corporate Debt Will Snap the Market!

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Have you seen or heard anything showing concern for the corporate debt market? Any similarities with 2007? It is understated how interconnected U.S. tech stocks and China are. But of course, the data is there and unless something changes with supply chains, business models, or anything else, this is where it’s at. If there is … Read more

Corona Cartoon Numbers

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by Raúl Ilargi Meijer René Magritte La belle captive 1946    Today I took a few things out of my daily Debt Rattle news aggregator because I think they shouldn’t get lost in there. It’s interesting, for instance, that the coronavirus incubation period is now thought to be 24, not 14 days. It’s also interesting that the Chinese … Read more

Ghost Ship WESTERDAM refused entry country after country, no port to dock. Now Thailand refuses too

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Thailand will not allow a cruise ship from Japan to let passengers disembark at the Laem Chabang port, Public Health Minister Anutin Charnvirakul said on Tuesday. https://www.bangkokpost.com/thailand/general/1855034/thailand-denies-westerdam-cruise-ship-entry-china-virus-toll-passes-1-000 The latest from our blog: Thailand has denied the Holland America Line's Westerdam cruise ship, already refused by three other countries, the right to dock at Laem Chabang. … Read more

Americans Are Happier With Their Lives Than Any Time in the Last Four Decades:

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Overturning a 40-year record, 90 percent of Americans are now “satisfied” or “very satisfied” with their lives, and nearly two-thirds feel the latter, breaking another, 20-year record. https://thenationalpulse.com/politics/americans-are-happier-with-their-lives-than-any-time-in-the-last-four-decades/   “This comes on the heels of a Rasmussen Report showing record-breaking belief that “President Trump has made America stronger,” put the country “on the right track” … Read more