On Wire

Breaking news, updates, and reports on current events.

“Shadow Banks” Dominate Mortgage Lending by Piling on Risks. Federal Housing Administration (FHA) on the Hook

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But deposit-taking banks have pulled back. Lovingly known as “shadow banks,” nonbanks have come to dominate the mortgage market. And they originate the riskiest mortgages. The government — mostly the Federal Housing Administration (FHA) — is on the hook. Nonbanks do not take deposits and are not regulated by banking regulators … Read more

How Chrome stores your browsing history – explore changes through all 72 versions

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by _RyanBenson     Link to the interactive visualization: https://dfir.blog/chrome-evolution/ ​ This visualization uses data I generated by performing a fixed set of “browsing actions” in all 72 versions of Chrome (post with full details at https://dfir.blog/capturing-chromes-evolution/). I built a Python script to crawl the resulting files and SQLite databases and turn it into a JSON, which … Read more

Bear market for stocks already underway, recession coming. People finally feel some uneasiness about this ramp on fumes & hopes & bubbles

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Bear market for stocks already underway, recession coming. Great report by @bkollmeyer via @MarketWatchhttps://t.co/UmTQkI7fJX pic.twitter.com/39CLB9VR5X — Otavio (Tavi) Costa (@TaviCosta) February 27, 2019 The last few days we have witnessed tons of $VIX call buying taking advantage of mispriced $VVIX. Today, there has been stealthy Put buying in the $SPX options markets. People finally feel … Read more

No, You Don’t Need A $200,000 College Degree

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by Ryan McMaken of Mises Institute A female supporter of Bernie Sanders is advertising on Twitter the fact that she went 226,000 in debt to get a college degree in speech pathology. Those who posted the video apparently believe that this ought to be interpreted as a convincing example of how hard it is to pay for college these days. … Read more

Lyft and Uber Are Easy to Understand and Hard to Value (Bloomberg)

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In one sense, Lyft and Uber are like eBay, Priceline, GrubHub, Craigslist and other “marketplace” businesses that match willing buyers with willing sellers. A marketplace is one of the established business models for technology companies, and investors are relatively comfortable assessing how much to pay for their shares. More: https://www.bloomberg.com/opinion/articles/2019-02-26/lyft-and-uber-are-easy-to-understand-and-hard-to-value

Is Monsanto GOING DOWN? – New Lawsuits May Be The END For The Agriculture GIANT!

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Josh Sigurdson reports on the most recent lawsuits hitting Monsanto where it hurts the most… The wallet. In 2018, Monsanto lost a lawsuit for $289 million after a man came forward claiming ‘Roundup’ whose main ingredient is glyphosate caused his non-Hodgkin’s Lymphoma. Though Monsanto is appealing it and the fine has been dropped to $78 … Read more

PSA: Gab released a new browser extension ‘Dissenter’ that allows users to comment on any page on the internet – censorship free!

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by zyklorpthehuman   Didn’t see any mention of it here so I figured I’d share this new extension that allows commenting on any website, youtube video, articles, individual tweets, etc. Even when comments have been disabled! I think it could become a great tool for the free flow of information, and for sidestepping the authoritarian … Read more

When it gets down to having to use violence, the you are playing the system’s game. The establishment will irritate you…to make you fight. Because once they’ve got you violent, then they know how to handle you. The only thing they don’t know how to handle is non-violence and humor. – John Lennon

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by ElderOfTheUniverse Both sides of the political dichotomy are being stoked into a frenzy on a scale I haven’t seen in my lifetime. The daily barrage of propaganda pitting us against our fellow man is exhausting. But don’t be deterred from reaching out to people. This user sums it up well: https://old.reddit.com/r/conspiracy/comments/av61x5/so_long_guys/ehcz11h/ You’ve been fucked … Read more

U.S. military agrees with Donald Trump, says that proposed barriers along Mexico border could increase security against any potential Threat

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Air Force Gen. Terrence O’Shaughnessy, commander, U.S. Northern Command and North American Aerospace Defense Command, told a Senate committee that proposed barriers along the U.S.-Mexico border could increase security against any potential military threats coming from the south. But he said Russia’s advancements in training and capabilities, and its intent to hold the U.S. at risk, present … Read more

We Are Getting Stupider and Stupider, Civilization Will Collapse – Edward Dutton

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Freelance researcher and writer Edward Dutton joins Henrik to talk about his book “At Our Wits’ End: Why We’re Becoming Less Intelligent and What it Means for the Future.” We discuss why people are becoming less intelligent and the cyclical collapse of civilization as a consequence of “progress.” Dutton was born in London in 1980, … Read more

Trade, Factory Orders, Pending home sales

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by WARREN MOSLER Can’t be making Tariff Man happy: Highlights The effects of cross-border trade actions have been difficult to pinpoint in the national economic data but outlines may be appearing in goods trade. The nation’s goods deficit swelled to a much larger-than-expected $79.5 billion in December as exports fell 2.8 percent in the month to … Read more

A Date With ‘Death’ Has Been Set By Democrats—America’s Final Hours Have Begun…

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https://www.youtube.com/watch?v=e_CkGOcouRM For More Information See: https://thehill.com/homenews/campaign… https://www.theamericanconservative.c… https://www.nbcnews.com/politics/2020… https://www.washingtonexaminer.com/op… https://www.foxbusiness.com/politics/… https://www.washingtonpost.com/busine…    

The Fed Has Destroyed Price Discovery

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by Chris If you were in a “”market”” where each and every day some major player stepped in to either cap prices (gold/silver) or put very firm floors under each selling moment, making V-bottoms at every slight decline, eventually you’d find that price discovery is utterly destroyed. This is where we find ourselves. After a … Read more

The “”Markets”” Continue…

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by Chris Here’s an update an hour later.  The “”markets”” remain in full lock-up mode. There have been a lot of ridiculous days of obviously stage-managed US equity “”markets”” but today is shaping up to be one of the more blatant examples. And it’s got some stiff competition. Not so coincidentally, Powell is busy answering … Read more

The Doomsday Scenario For The Stock And Housing Bubbles

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Authored by Charles Hugh Smith via OfTwoMinds blog, It was always folly to believe that inflating asset bubbles could solve the structural problems of a post-industrial economy. The Doomsday Scenario for the stock and housing bubbles is simple: the Fed’s magic fails. When dropping interest rates to zero and flooding the financial sector with loose money … Read more