On Wire

Breaking news, updates, and reports on current events.

This is so unreal. WHO is a joke.

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This is so unreal. WHO is a joke. pic.twitter.com/08EspyzydG — Russian Market (@runews) February 1, 2020 There will be a significant increase in confirmed #novelcoronavirus infection cases tomorrow and the day after tomorrow in the city: Huanggang mayor. Some 600-700k people returned from Wuhan to #Huanggang before Wuhan lockdown. pic.twitter.com/hMSgUQ2vzx — Global Times (@globaltimesnews) February … Read more

Copper down for 12 consecutive days, its longest losing streak ever. Earnings volatility set to kick in as coronavirus worries mount. The Fed’s key yield curve inverted again

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https://twitter.com/anilvohra69/status/1223661973767802880 The Fed’s Key Yield Curve Inverted Again. Watch Out. While a recession is hardly a guarantee, previous episodes have forced the central bank’s hand. Inverted U.S. Yield Curve Renewed Worries About Global Economic Health The global economic growth concerns that dominated last year are overshadowing Wall Street once again as the coronavirus threatens to hurt … Read more

Oil Bankruptcies Are Reaching Worrying Levels

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By Robert Rapier Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and gas producers, oilfield services and midstream bankruptcies from the beginning of 2015 through 2019. Over the entire five-year period, 208 oil and gas producers have filed for bankruptcy since Haynes and Boone’s Oil Patch Bankruptcy Monitor … Read more

Is Germany Too Dependent On Renewable Energy?

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By Jonathan Tennebaum via Zerohedge Germany now generates over 35 percent of its yearly electricity consumption from wind and solar sources. Over 30 000 wind turbines have been built, with a total installed capacity of nearly 60 GW. Germany now has approximately 1.7 million solar power (photovoltaic) installations, with an installed capacity of 46 GW. This … Read more

DNC doing DNC things

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by AbominableAnon Here is Mike Gravel in a presidential debate on the stage with Hillary Clinton, Barrack Obama, and Joe Biden: Mike Gravel qualified for the Democratic debate with a grassroots surge that gave him 67,000 donors. The DNC shut him out. Mike Bloomberg spent $180 million on a massive ad campaign, donated $250,000 to … Read more

Obamas family travel cost was $114 million. trump’s so far is only $10 million

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Former President Barack Obama’s family travels cost the U.S. a total of $114 million during his presidency, according to documents obtained by Judicial Watch, a conservative legal group. President Donald Trump has, so far, cost taxpayers $10 million. Judicial Watch obtained the expense documents from the U.S. Air Force and the Secret Service through a Freedom of … Read more

Dismissing the Experts

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by John Mauldin Regular readers know I often criticize so-called “experts,” usually economists or central bankers whose flawed decisions are punishing the rest of us. I find their expertise is not nearly as reliable as they seem to think. At the same time, I rely on experts whose judgment I respect. I know they aren’t perfect—usually because … Read more