On Wire

Breaking news, updates, and reports on current events.

Federal Reserve Governors make between $346,000 and $466,000. $2 BILLION in total systemwide salaries. The track record?

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Federal Reserve Governors make between $346,000 and $466,000. $2 BILLION in total systemwide salaries. The track record? 0-for-3 on greatest bubbles; o-for-every recession, system crashed in ’08 under their supervision; TBTF banks now much larger; Fed helping roll back Dodd-Frank https://twitter.com/PaulSHoldings84/status/1202332816178130944 Federal Reserve Governor salaries pic.twitter.com/7ttFawaiEZ — M/1_LP (@MI_Investments) July 19, 2019    

U.S. digs deeper into Deutsche role in Danske money laundering scandal – sources (more trouble for $DB)

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FRANKFURT/NEW YORK (Reuters) – The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters. One source said the DoJ’s new line of inquiry is whether Deutsche (DBKGn.DE) helped … Read more

In history, every this has happened, economic chaos has followed.

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This is exactly, why #CentralBanks have completely over-stepped their mandate, and need to be reigned in. In history, every this has happened, economic chaos has followed. This time will be no different.#ECB @ollirehn @elinalepomaki @DiMartinoBooth @dlacalle_IA https://t.co/c1ukONbQNR — Tuomas Malinen (@mtmalinen) December 4, 2019 Again, the "#Recession? What recession? You can never have a recession … Read more

NYTimes bias

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by Chris I like it when people break down the obvious bias in the MSM.  This is a good breakdown of one such effort:   [Note: If you ‘right click’ you can open the image in a new tab, thereby expanding it to readable size] Those two contrasting ‘bios’ at the bottom are just a … Read more

The European Central Bank’s “Mea Culpa”

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by Claudio Grass via Claudiograss.ch Economists, conservative investors and market observers have been issuing stern warnings for years regarding the severe impact of the current monetary policy direction. The problems In a recent statement, ECB Vice President Luis de Guindos warned of potential side effects and risks to the economy resulting directly from the central bank’s policies. He … Read more

Turning Japanese? Fed’s Brainard Argues For Capping Interest Rates Next Crisis

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by Jason Burack via Wall St For Main St Fed Governor Lael Brainard recommends the central bank use caps on interest rates the next time short-term rates get near zero. But Japan is now having enormous problems and in the last stage of this after decades of interest rate manipulation and financial repression.   Commit to tipping us … Read more

Youtube Purge: December 10, 2019

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https://youtu.be/H1j2S2pu3Nk SACHA BARON COHEN CALLS FOR GLOBAL FREE SPEECH “PURGE” AND ADL TAKEOVER OF ALL SOCIAL MEDIA Sacha Baron Cohen Calls For Global Free Speech “Purge” and ADL Takeover of All Social Media https://t.co/rD7XWMbLY3 pic.twitter.com/T73Z2ysX5Q — ResidentBUZZ.com (@ResidentBUZZcom) November 25, 2019 https://banned.video/watch?id=5dd8bef73ff37c00261cb59c   AC

Michael Snyder – Markets Will Lose 40% to 50% on No China Trade Deal, Debt Bubble to End All Bubbles

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Journalist and book author Michael Snyder says says no China trade deal will cause the stock market to “lose hope for the future.” Snyder predicts stocks will “fall at least back to its long term averages, which is 40% to 50% lower than stocks are today.” Snyder also says, “The system is failing. People that … Read more

[Bloomberg] U.S. Proposes Duties on $2.4 Billion of French Goods Over Tech Tax

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Potential targets for duties include wine, cheese, handbags USTR exploring similar probes of Austria, Italy and Turkey https://www.bloomberg.com/news/articles/2019-12-02/u-s-proposes-2-4-billion-in-tariffs-on-france-over-digital-tax?srnd=premium-europe Edit: additional Link for Reuters: https://www.reuters.com/article/us-usa-trade-france/u-s-vows-100-tariffs-on-2-4-billion-of-french-products-over-digital-services-tax-idUSKBN1Y62HC?utm_source=reddit.com  

Despite talk of a global uptick, the indicators on global trade all point down.

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Despite talk of a global uptick, the indicators on global trade all point down. @markets via @SoberLook pic.twitter.com/TVwemuAA9w — Adam Tooze (@adam_tooze) December 1, 2019 One can only anticipate a reversal in these forward looking trends to justify the “green shoots” & “ global reflation trade” memes. Today’s ISM backlogs weakening corroborated Morgan Stanley data … Read more