On Wire

Breaking news, updates, and reports on current events.

The Fed Is Creating a Monster Bubble

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By John Mauldin Ignoring problems rarely solves them. You need to deal with them—not just the effects, but the underlying causes, or else they usually get worse. In the developed world and especially the US, and even in China, our economic challenges are rapidly approaching that point. Things that would have been easily fixed a … Read more

“BOMB-O-GRAM FOR GENERAL SOLEIMANI!”

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Iraqi TV: Iranian military commander General Soleimani killed in Baghdad strike. “Gen. Qassim Soleimani, the head of Iran’s elite Quds Force, was killed in an airstrike at Baghdad’s international airport Friday, Iraqi television and three Iraqi officials said. The strike also killed Abu Mahdi al-Muhandis, the deputy commander of Iran-backed militias known as the Popular Mobilization … Read more

Iraqi PM Abdul-Mahdi: The attack is a breach of the deal that permits US presence in Iraq. Could require US to leave immediately… The Mahdi Army has been reactivated.

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Iraqi caretaker PM Abdul-Mahdi: The attack is a breach of the deal that permits US presence in Iraq. Called parliament for an extraordinary meeting. UPDATES: • Iraqi caretaker PM Abdul-Mahdi: The attack is a breach of the deal that permits US presence in Iraq. Called parliament for an extraordinary meeting • Iran’s Khamenei is participating … Read more

Stacey Abrams loses again…

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https://www.breitbart.com/politics/2019/…ter-rolls/ Stacey Abrams Fails to Reinstate 100K Voter Registrations to Voter Rolls Failed Democrat gubernatorial candidate Stacey Abrams failed to convince a federal judge that nearly 100,000 inactive voter registrations should be reinstated to Georgia’s voter rolls. In a ruling this week, U.S. District Court Judge Steve Jones denied an attempt by Abrams’ Fair Fight … Read more

Must See! Sen. John Kennedy Explains HIS Vision for the Senate Impeachment Trial

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https://www.youtube.com/watch?v=Ju0VtkrjBe4 Henry Rodgers from The Daily Caller reports, Republican Louisiana Sen. John Kennedy on Sunday explained how he would like to see the Senate run the impeachment trial against President Donald Trump. Appearing on CNN’s “State of the Union,” Kennedy was asked if the American people would think the impeachment trial would be fair if … Read more

Stocks Most Overbought In History! The Level Of Absurdity Only Gets Worse. 2019 Was Bad And I Think We’re Going To Go Off The Deep End In 2020. What Euphoria! It’s Insane.

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Despite the stock market being significantly larger than the balance sheet of the Fed, it’s clearly apparent that every move they make has a direct and profound impact on what happens. Fed meetings have every investors on the edge of their seat, awaiting the next rate cut to soothe their anxiety. They need that drip … Read more

Mauldin: A Crisis Has Already Begun… We Just Don’t Know It Yet

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Authored by John Mauldin via MauldinEconomics.com, Let’s address an elephant in the room: the rapidly expanding federal debt. Each annual deficit raises the total debt and forces the Treasury to issue more debt, in hopes someone will buy it. The US government ran a $343 billion deficit in the first two months of fiscal 2020 (October and November), … Read more

The Tick, Tick, Talk of Recession Drones On

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by David Haggith With stocks priced at record highs far above the economic landscape and still rising, the economy is still receding below. We’ll know at the end of January if the fourth quarter of 2019 was the worst of the past year, as I expect it will be. For now, we have to keep looking … Read more

This Is Great News For Gold

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BY JOHN RUBINO The 2010s were not kind to precious metals, in either nominal or relative terms. Gold and silver are down from their 2011 highs and waaayyy down versus equities and other favorite assets of the 1% like fine art and trophy real estate. But this imbalance has begun to reverse, in two ways. First, … Read more

The Migrant Crisis Is OVER, Trump Declares Victory As Yuma ENDS State of Emergency Praises President

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The Migrant Crisis Is OVER, Trump Declares Victory As Yuma ENDS State of Emergency Praises President. The Mayor of Yuma, Arizona has officially ended their state of emergency and largely credited the policies of the Trump administration. Acting Deputy Department of Homeland Security Ken Cuccinelli joined the mayor of Yuma to announce the policies involved … Read more

WOW! CBC Sinks to the LOWEST of LOWS By Editing Christmas Movie to Satisfy Libs

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https://www.youtube.com/watch?v=5mkl3IxXIM8 Jim Hoft from The Gateway Pundit reports, Donald Trump was very popular on the left in the black community until he ran for president as a Republican. In ‘Home Alone 2’ Donald Trump made a cameo with the star Macaulay Culkin in the hotel hallway. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…

Global Financial System Is A Big Rube Goldberg Machine

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Authored by Bruce Wilds via Advancing Time blog, While pondering the current economy that is becoming more of a conundrum every day, I stumbled upon an analogy I would like to share. The global economy is like a giant “Rube Goldberg” machine. It is a ridiculously complicated contraption built to perform what should normally be a simple … Read more

China Just Escalated Their Brutal Persecution Of Christians To An Entirely New Level

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by Michael Snyder Be very thankful that you don’t live in China.  Approximately one out of every seven people on the entire planet lives in China, and it has become one of the most dystopian societies that the world has ever seen.  Surveillance cameras, government spies and facial recognition scanners are everywhere, and the totalitarian … Read more

Latest data is out. Folks who hoped the Renminbi would break the dollar hegemony have to be very patient.

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By Wolf Richter for WOLF STREET. The US economy and financial system – including being able to maintain and fund the gargantuan trade deficits and fiscal deficits – has become reliant on the dollar being the dominant global reserve currency. And the IMF just released its next installment on how this status has been changing. Total foreign exchange … Read more