On Wire

Breaking news, updates, and reports on current events.

Typical collapse prior to recessions

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by WARREN MOSLER Typical collapse prior to recessions: Still working its way lower: Another example of a small move up after a long downtrend that are touted to be a ‘reversal’: Another somewhat misleading headline, as per the year over year chart:

Here is a list of Senate seats in play for 2020

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State, Incumbent, Year first elected, Last election margin of victory (% points)  Alabama, (D) Doug Jones, 2017, 1.7 Alaska, (R) Dan Sullivan, 2014, 2.2 Arizona, (R) Martha McSally, N/A, 13.7 Arkansas, (R) Tom Cotton, 2014, 17.0 Colorado, (R) Cory Gardner, 2014, 1.9 Delaware, (D) Chris Coons, 2010, 13.6 Georgia, (R) David Perdue, 2014, 7.7 Georgia, (R) Kelly Loeffler, … Read more

Now in MSM, expert who investigated SARS and MERS says no stopping the virus, it’s 20x worse than flu in severity

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Watch the latest video at foxnews.com Jan. 31, 2020 – 5:03 – Center for Infectious Disease Research and Policy’s Michael Osterholm, PhD, argues coronavirus will not be able to be contained and that within months the world will become like China is now.   NOTHING TO SEE HERE, MOVE ALONG: Eerie Drone Video Shows Wuhan Is … Read more

Today’s Scary Investment Prediction

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By Harry Dent I just saw an update of John Hussman’s infamous model that shows a very clear correlation between stock valuations, defined as stock prices over U.S. economic gross value-added, and 12-year total investment returns. This indicator is similar to stock market capitalization over GDP, which I have shown recently, except it is more predictive and specific … Read more

Chris Martenson: “Nothing To See Here” With Wuhan Coronavirus, Scientist Disagrees

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by Chris Martenson of Peak Prosperity As the Wuhan coronavirus spread worsens, the financial markets are throwing one hell of party, hitting record highs. Yet the world’s #2 economy, China, just hung up a big “CLOSED” sign — stocks should be tanking hard here. How can they shrug off the virus’ threat to global trade? Chris believes that … Read more

Jerome Powell & The Fed’s Great Betrayal

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by Michael Lebowitz and Jack Scott “Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a … Read more

See if you can spot the difference in the Google autocomplete suggestions for “Should I…” yesterday vs. today

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See if you can spot the difference in the Google autocomplete suggestions for "Should I…" yesterday vs. today https://t.co/7BKXPD2Fc5 $TSLA pic.twitter.com/yjmB6oruoH — Joe Weisenthal (@TheStalwart) February 5, 2020 OPINION: Tesla's stock has now satisfied an objective criteria of a bubble that is about to burst. The probability of a crash is now more than 80%, … Read more

In Quarantined Wuhan, Hospital Beds For Coronavirus Patients Are Scarce

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by SP https://www.npr.org/sections/goatsandsoda/2020/02/05/802896668/in-quarantined-wuhan-hospital-beds-for-coronavirus-patients-are-scarce Many such cases are being sent to makeshift isolation wards in requisitioned hotels or clinics to keep them apart from family members while they wait to be screened. Even those who test positive can wait days more for a hospital bed, increasing the risk of infection for others. ======================================== U.S. Readies for … Read more

Parabolic markets only happened 3 times in 100 yrs.

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Parabolic markets only happened 3 times in 100 yrs. pic.twitter.com/HuXVEZ0l2e — M/1_LP (@MI_Investments) February 5, 2020 5-Year CAPE ratio is officially at its 2nd highest level in 100+ years. Who cares, bulls say: "Valuations can still reach tech bubble levels." Please… Debt imbalances today are incomparable. What we have is a mix of absurd multiples … Read more

China lied to pump stocks… Record number of Coronavirus cases outside of China and within China today.

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china lied to pump stocks https://t.co/z4qfN5Gp07 — Alastair (@StockBoardAsset) February 5, 2020 ".. in the last 24 hours we had the most cases in a single day since the outbreak started .." https://t.co/6FykeQzslz — Carl Quintanilla (@carlquintanilla) February 5, 2020 Record number of Coronavirus cases outside of China and within China today. Overall, the picture … Read more

Boris Johnson Tells EU to Stick it on Trade

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Won’t comply with EU regulations on trade and will greenlight a US trade deal: UK PM Boris Johnson tells "juvenile anti-Americans" to "grow up and get a grip", as he sets out his vision for increased UK-US trade post-Brexit, adding "the NHS is not on the table" during negotiationshttps://t.co/WnstHrHZZA pic.twitter.com/XNr6womep6 — BBC Politics (@BBCPolitics) February … Read more

Bloomberg confirmed how to rig market

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LOL BLOOMBERG ADMITTING THAT AS LONG AS WE BUY THE CALLS THE STOCKS WILL GO UP BECAUSE OF HEDGING ALGORITHMS You cant make this sh*t up https://www.bloomberg.com/news/articles/2020-02-04/the-only-thing-outpacing-tesla-are-its-10-000-option-winnings Basically keep buying calls = seller algorithm buys underlying to mitigate risk = stock goes up = keep buying calls. we’re basically printing money h/t SuXs