On Wire

Breaking news, updates, and reports on current events.

Archaeology bombshell: 7,000-year-old find older than Giza Pyramids stuns scientists in Poland

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The archaeological discovery was hiding in plain sight for centuries, tucked away in a field near the village Łysomice in northern Poland. But with the aid of Google Earth scans, archaeologists were able to spot concentric outlines of where the ancient structures, or pans, once stood. The researchers now believe the buildings were raised by … Read more

HAPPENING! Trump says Israel was behind 9/11

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Donald Trump has said he knows who was behind the al-Qaeda terror attacks on the US in September 2001 and added that “Iraq did not knock down the World Trade Centre”. “It was not Iraq,” the president told ABC News. “It were other people. And I think I know who the other people were. And you might also.” Almost … Read more

Deceleration that was temporarily interrupted by the tax cuts has resumed with the tariffs

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by WARREN MOSLER In contraction: Deceleration that was temporarily interrupted by the tax cuts has resumed with the tariffs: The Manufacturing Activity Index in the US fifth district including the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia decreased to -1 in November 2019 from 8 in the previous … Read more

Deere shares drop after tractor maker cuts forecast, citing ‘lingering trade tensions’

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Shares of Deere dropped on Wednesday after the manufacturing company issued lower guidance as trade tensions continue to slow equipment purchases by farmers. The Moline, Illinois-based company said it now expects net income of $2.7 billion to $3.1 billion in fiscal 2020, lower than average analyst estimates of $3.5 billion for the year, according to Refinitiv. Deere said it sees … Read more

Top ‘ESG’ Ethics-based Funds hold major investments in Saudi Arabia

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https://www.wsj.com/articles/why-your-good-governance-fund-is-full-of-saudi-bonds-11574781431 ESG = Environmental, Social, Governance Apparently they were included as a top 5 holding, because the ESG scoring system automatically excluded so many investments that Saudi Arabia actually appeared to be one of the cleaner ones fitting the emerging market bond criteria. However, ESG funds seem to own more dictatorships and authoritarian government assets … Read more

The chart shows Fed interest rates and the NASDAQ for roughly the past 25 years – three huge rate cutting cycles, three massive bubbles; two of which have already popped. Think the third won’t pop?

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And they are figuring this out now? Pretty amazing lack of self-awareness. The chart shows Fed interest rates and the NASDAQ for roughly the past 25 years – three huge rate cutting cycles, three massive bubbles; two of which have already popped. Think the third won't pop? pic.twitter.com/zcSr6k52Ta — Peter Schmidt (The 92ers) (@The92ers) November … Read more

The combination of rising wage inflation and limited corporate pricing power has compressed corporate margins and profit gains have stalled -JPM

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The combination of rising wage inflation andlimited corporate pricing power has compressed corporatemargins and profit gains have stalled -JPM Global Corporate Earnings pic.twitter.com/A2Y8wZCMs3 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 27, 2019 https://twitter.com/DonDraperClone/status/1199725421727801344

Potential Trade War Escalation Due To Barbarian Handling Of Hong Kong By China

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by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef’s website) U.S. trade relations with China may devolve from the “Phase-1” agreement announced on Oct. 11 to a full-blown return of tit-for-tat tariffs. In response to the escalation of unrest in Hong Kong after nearly six months of anti-government protests, the U.S. House passed the Hong Kong Human Rights and Democracy Act on Nov. … Read more

Fed Says “Reversal Rates” Are the Second Highest Risk to the U.S. Economy

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From Birch Gold Group According to “big economic players” cited in the Fed’s Financial Stability Report (FSR) from November 15, trade frictions are the highest risk to the U.S. economy. We have reported on that grave risk several times this year, so it’s somewhat old news. But what’s truly alarming is what the Fed’s report identified as the second-highest risk to the U.S. … Read more

The Rising Tension in Europe for Civil Unrest

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by Martin Armstrong QUESTION: Hello! More and more people in western Europe are talking about the coming civil war between the Muslims/Arabs and the Europeans. Guillaume Faye has even written a book about it. I personally believe that it will break out between 2025 and 2050 and that it will start in France. Me and my … Read more

Fake News is Spreading Worldwide

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by Martin Armstrong According to an Infratest poll, 38 percent of Germans consider the media politically driven and 33 percent consider the media unbelievable. Despite the fact that the mainstream media keeps attacking Trump because he has called them “Fake News,” there is a growing discontent with news overall. Governments are manipulating the news and … Read more

Where next for US house prices?

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by Shaun Richards Yesterday brought us up to date in the state of play in the US housing market. So without further ado let us take a look. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.2% annual gain in September, up from 3.1% in … Read more

Prosperity Heretic Joel Osteen Mocks People Without Wealth, Calling Them ‘Poor, Broke And Defeated’ As He Brags About His ‘Overflow’ Abundant Life

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by Geoffrey Grider No, when you’re poor, broke, and defeated, all that proves is that you’re poor, broke, and defeated. It doesn’t bring any honor to God. When I first received this video today, multiple times actually from eagle-eyed NTEBers, I was skeptical at first because in the version I was watching it was pretty small, … Read more