On Wire

Breaking news, updates, and reports on current events.

“Drunk trader banned for buying 7m barrels of oil after binge“ The comments of another post reminded me of this story from 2010. I wanna believe you’re here somewhere. Give us a sign!

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A former oil futures broker who went on a weekend drinking binge before blacking out and trading more than 7m barrels of oil has been banned from working in the City for at least five years by the Financial Services Authority. Stephen Perkins had been suspended since July last year when the large volume of … Read more

Say goodbye to comfort breaks!

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BREAKING NEWS: Say goodbye to comfort breaks! New downward-tilting toilets are designed to become unbearable to sit on after five minutes. They say the main benefit is to employees in improved employee productivity. pic.twitter.com/lfDbeXJdCX — Dave Vescio (@DaveVescio) December 17, 2019

Unelected central bankers throwing around billions upon billions gets almost no scrutiny, while impeachment theater dominates mass media 24/7.

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"How much money would it take for the NY Fed to throw at Wall St. before the New York Times reports to its readers on the biggest Wall St. bailout by the Fed since the financial crisis?" Most important story on earth right now. Zero mass media coverage.https://t.co/N0NVt423L4 — Michael Krieger (@LibertyBlitz) December 16, 2019 … Read more

I work in a mid-sized, R&D heavy biotech and the investing climate is terrible at the moment. All of us are really worried about securing funding, is there anyone who can elaborate as to why the market is in this state at the moment?

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by ThePirateKing01 I wanted to put this out there because I currently work in a heavy R&D focused biotech and the future looks bleak because the investing market is absolutely terrible for efforts that are pre-clinical. We’ve received global recognition for the science we put out, and investors are blown away by our hard data. … Read more

Live Impeachment Hearings

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Watch the circus  https://www.nbcnews.com/politics/trump-impeachment-inquiry/live-blog/live-updates-house-votes-impeachment-president-trump-n1103576 https://www.usatoday.com/story/news/politics/2019/12/18/trump-impeachment-live-coverage-house-vote-articles/2675243001/   Fox is saying 8:45 ET   h/t kpm

We got another one today, warning about all the right things. And then they do the opposite.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Here is what gets me. It happened again today. These Fed guys and gals are wandering about the land – armed with solid data – flailing their arms to warn about corporate debt that is at historic highs, and about credit spreads between certain types of junk-bond yields and investment-grade yields … Read more

OK Boomer, OK Fed

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by Charles Hugh-Smith Eventually the younger generations will connect all the economic injustices implicit in ‘OK Boomer’ with the Fed. Much of the cluelessness and economic inequality behind the OK Boomermeme is the result of Federal Reserve policies that have favored those who already own the assets (Boomers) that the Fed has relentlessly pumped higher, to the … Read more

TRUMP WAKES UP TODAY and SAYS “SAY A PRAYER!

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Donald J. Trump @realDonaldTrump Can you believe that I will be impeached today by the Radical Left, Do Nothing Democrats, AND I DID NOTHING WRONG! A terrible Thing. Read the Transcripts. This should never happen to another President again. Say a PRAYER! 6:34 AM · Dec 18, 2019·Twitter for iPhone 8 Retweets 41 Likes Can … Read more

Senate Trial Backfire, [Watch] What Happens Next

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https://www.youtube.com/watch?v=NjIiIBPqM4A The [DS] is getting ready to hold the fake impeachment vote. They want the Senate trial to be long and drawn out, this will not happen. The [DS] is getting ready for the elections and now we see states like NJ, NY and the rest push drivers licenses for illegals. The FISA court is … Read more

The Big Hole In The China Trade Agreement

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Authored by Gordon Chang via The Gatestone Institute, There’s something missing from the “Phase One” trade agreement with China, announced Friday. And it’s something critically important. Yet, Larry Kudlow, President Trump’s director of the National Economic Council, appeared not to know about it afterwards. “We will see,” said Kudlow in response to Maria Bartiromo on “Sunday Morning … Read more

Eric Holder Covering His Ass & The Obama Administration’s Investigation of Trump

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by Martin Armstrong Former US Attorney General, Eric Holder, had the audacity to write in the highly partisan Washington Post with the headline: “William Barr is unfit to be attorney general.” Holder accuses Attorney General William P. Barr of making a series of public statements and actions that he called “so plainly ideological, so nakedly partisan and … Read more

WIKILEAKS BOMBSHELL: UN Agency FAKED Douma ‘Gas Attack’ Report

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by Ron Paul via Ron Paul Liberty Report New documents released by Wikileaks confirm that within the Organization for the Prevention of Chemical Weapons there was a massive push to alter the findings of the “Fact Finding Mission” sent to Douma, Syria to investigate an alleged gas attack last year. Now 20 inspectors have claimed that their conclusions … Read more

Is A Bull Brewing In Your 2020 Cup Of Jo?

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by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef’s website) by TraderStef | Dec 13, 2019 | Breaking News, Technical Analysis Coffee is one of the most popular beverages consumed worldwide, has received a good amount of press lately about having superfood status, and is currently the number-one beverage in the United States. The top six beverage categories worldwide and top six coffee-consuming countries per capita are as follows: Water … Read more

Pentagon Dismisses Afghanistan Papers: Look Forward, Not Back

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This article was written by Jason Ditz and originally published at Anti-War.com Pentagon officials are continuing to react dismissively to questions about the Afghanistan Papers,and the revelation that the Pentagon systematically lied about the state of the war. This is leading the experts to conclude that the Pentagon does not intend to change its policies. Defense Secretary … Read more

CURRENT EQUITIES RALLY SIMILARITIES TO 1999

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by Chris Vermeulen of The Technical Traders Euphoria is a type of market rally where valuations, real market expectations, and global market concerns are pushed away from view while a trader based rush to rally takes place.  One of the clearest examples is the 1995 to 2000 DOT COM US stock market rally.  As the Internet burst into … Read more

Even With Low Unemployment, Borrowers Are Being Rejected For Car Loans

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by Mac Slavo The government keeps telling us that the labor market is strong and unemployment is low. Yet, regardless, borrowers are increasingly being rejected for vehicle loans while consumer debt continues to rise. A Federal Reserve Bank of New York survey of consumer credit released Monday showed a spike in the rate of auto-loan rejections, to 8.1% … Read more