On Wire

Breaking news, updates, and reports on current events.

VA – another hot mess shaping up

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by Chris /Loudspeaker squawks to life/ “Paging Robbie and other VA residents…you are wanted at the front page.” Well, this is getting serious. Here’s the story: ‘The law is the law’: Virginia Democrats float prosecution and National Guard deployment if police don’t enforce gun control December 11, 2019 Democratic lawmakers on Capitol Hill say local police … Read more

Are we in a crisis? Central bank behavior is absolutely bizarre.

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Are we in a #crisis? Central bank behavior is absolutely bizarre. pic.twitter.com/8dExik7PdB — Jack (@JackPScott) December 16, 2019 The #Fed is engaged in the biggest emergency operation in the fin. markets since 2008, but the financial media is almost completely silent. Wtf? Feels like investors and ordinary citizens are treated like sheeps taken to the … Read more

Trump Retweeted That The FBI Is A Criminal Organization!

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Steph @steph93065 This is Richard Jewell. Listen to him. President Trump could read the same statement. The @FBI & their media partners are criminal organization under the guise of “keeping us safe” They are tyrants and it isn’t new. https://twitter.com/steph93065/status/1204960786013024257 Trump tweet Wow! https://t.co/gYGUEKpGac — Donald J. Trump (@realDonaldTrump) December 16, 2019   AC

Tucker Carlson: IG report is a big, big problem for CNN, others – They are exposed as liars and know-nothings

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Tucker nails it again. Watch the latest video at foxnews.com ————————————————————-​———————————————————– Thanks to the Department of Justice IG report — the one released on Monday — we now know for certain what was, for those paying attention, fairly obvious for a long time — in fact, from the beginning. We now know the Steele dossier … Read more

British Elections are a Warning to Democrats

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by Martin Armstrong   I have been warning that our computer has been projecting the decline and fall of socialism. Moreover, we have pointed out that the Democrats are actually in a long-term protracted bear market and ever since the first election of FDR in the Great Depression, they have been making lower highs and … Read more

World Economy Haunted by Risk Just Got a Double Shot in the Arm

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by confoundedinterest Its a double shot of economic love! (Bloomberg) — Two of the biggest hurdles constraining the world economyhave just been cleared. Dogged for most of 2019 by trade tensions and political risk that hammered business confidence, the outlook for global growth will enter 2020 on a firmer footing after the U.S. and China struck a partial trade deal and … Read more

Consumer confidence is the next shoe to drop

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Peak consumer complacency. Falling personal finance survey is likely a key hint. Abundance of macro imbalances with labor market starting to crack & corporate earnings already contracting. Consumer confidence is the next shoe to drop. pic.twitter.com/Kl4qNKrLWc — Otavio (Tavi) Costa (@TaviCosta) December 15, 2019

System Failure: Central banks can’t reduce liquidity or markets fall apart and the process of never letting markets correct is producing valuations across the entire economic spectrum worse than even 2000

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by northmantrader Rarely has failure been celebrated so much. But it is of little wonder after all, as all asset classes rose in 2019 in spite of slowing growth and flat to declining earnings. In religious debates the question is often asked: Why is there something instead of nothing? In financial markets the corollary question may … Read more

US and China reached a trade agreement, but key details still unclear

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After the U.S. and China announced the “phase-one” trade agreement, a critical point remains in question: agricultural purchases. U.S. Trade Representative Robert Lighthizer says China would buy at least $16 billion more agricultural goods in each of the next two years, Reuters reported. “That scale of purchases seems implausible and Chinese officials were reluctant to … Read more

PayPal and Microsoft’s employee holiday gift is a game changer for working parents

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https://www.cnbc.com/2019/12/15/paypal-and-microsofts-employee-holiday-gift-thrill-working-parents.html PayPal, Microsoft and others are giving the gift of child care this holiday season so working parents can attend holiday office party and shop after hours. The online payments company and tech giant have teamed up with Bright Horizons, a provider of employer-sponsored child care. Microsoft and PayPal believe this initiative will raise productivity … Read more

Boeing reportedly nears decision on cutting or halting 737 Max production

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https://www.cnbc.com/2019/12/15/boeing-considers-halting-or-further-cutting-737-max-production-wsj-reports.html The aerospace giant increasingly views a pause in production as the most viable option, according to The Wall Street Journal. Boeing’s board is meeting in Chicago on Sunday and a decision could come as soon as Monday. FAA chief Steve Dickson told CNBC on Wednesday that the regulator likely wouldn’t clear the 737 Max’s … Read more

The December eurozone malaise was led by sharpest fall in manufacturing output for over 7 years, down for 11th straight month.

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https://t.co/NvFBDjCQvL — Teddy Vallee (@TeddyVallee) December 16, 2019 Markit: Eurozone malaise extends in December, ending worst quarter since 2013 (where are these "green shoots" that market has already priced in?) — Alastair (@StockBoardAsset) December 16, 2019 Another GDP forecast downgrade – now from New Zealand https://t.co/7YA092uqs7 — investingLive (@investingLive_) December 15, 2019