On Wire

Breaking news, updates, and reports on current events.

Debt Can’t Save China Anymore

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BY JOHN MAULDIN The 2008 financial crisis hit China hard, as it did everyone else. Not every country responded like China did, though. Most couldn’t do what China did because they lacked either financial resources or political ability. China had both. And so it launched a stimulus program of mind-boggling proportions. China’s Stimulus Is Built on Shadow … Read more

Is This All About 2020?

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GOOGLE takes aim at ‘fake’ websites with new browser warning… Because most people don’t notice when they’re at the wrong website. It’s hard to be sure where you are on the internet these days. Carefully checking the URL is one approach to avoiding danger. Trouble is, many fraudulent websites use tricks to make their URLs … Read more

Does Art Cashin Think Fed Policy Is Driven by the Market? “It’s Pretty Obvious”

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Patient is going to mean very, very patient: UBS’ Art Cashin from CNBC. via CNBC: “It’s pretty obvious” the Federal Reserve is reacting “to the market’s reaction,” UBS’ Art Cashin says. “There’s no question” there was a “Powell put” in the Fed’s interest rate outlook, he says. The Dow Jones Industrial Average’s close above 25,000 … Read more

A Merger Nobody Seems to Want — Deutsche Bank May Be Down to Its Last 60 Days

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via Bloomberg: Deutsche Bank AG executives are worried that they’re down to the last 60 days to turn around their struggling franchise. On the eve of fourth-quarter results that are likely to reflect its troubles, the bank’s ability to avoid a government-brokered merger with Commerzbank AG could rest on its performance in the first quarter … Read more

Would you Buy or Sell this stock?

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Would you Buy or Sell this stock? pic.twitter.com/wdkFzavNbG — Lawrence McDonald (@Convertbond) January 31, 2019 https://twitter.com/hks55/status/1090833079176855552 https://twitter.com/hks55/status/1090843110077276160 Meet you downstairs next week? Spoos v rates pic.twitter.com/ltEIyt84On — Teddy Vallee (@TeddyVallee) January 31, 2019 https://twitter.com/hks55/status/1090770490623447041 Credit Card Data Indicates Major Decline in Retail Sales – this is the largest decline since 2016, another indicator consumer spending … Read more

US Home Sales to Get Even Uglier in Near Future

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “It’s been dripping down, down, down. Frustrating that the housing market is not recovering”: National Association of Realtors What will home sales look like in January and February? Very, very lousy, according to pending home sales, a measure that counts how many contracts were signed. Contract signings run roughly one or … Read more

Central Bank Gold-Buying Reaches Half-Century High… Peter Schiff: Fed Capitulation is the Beginning of the End

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Central bank gold-buying reaches half-century high [FT] Central bank buying of gold reached its highest levels for almost half a century last year, as Russia, Turkey and Kazakhstan boosted purchases to shift their reserves away from the US dollar. Central banks bought a net $27bn worth of gold, driven by Russia, whose net purchases were … Read more

Bull Case vs Bear Case

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https://twitter.com/UncleRico77/status/1088845137202024453 https://twitter.com/UncleRico77/status/1090712006712348672 https://twitter.com/UncleRico77/status/1090715544435806209 https://twitter.com/OccupyWisdom/status/1090951998256615424 https://twitter.com/UncleRico77/status/1090712006712348672 HERE WE GO This is the Dow Jones Industrials chart for the past year (including today) with dots showing every time @realDonaldTrump tweeted SPECIFICALLY about the stock market. I omitted tweets about "the economy" that didn't mention stocks. pic.twitter.com/WJcOMVmymz — OddStats (@OddStats) January 31, 2019 Look at this chart: ratio … Read more

Apple Is Planning 3-D Cameras for New iPhones in AR Push

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https://www.bloomberg.com/news/articles/2019-01-30/apple-is-said-to-prep-new-3-d-camera-for-2020-iphones-in-ar-push ​ Apple Inc. plans to launch iPhones with a more-powerful 3-D camera as soon as next year, stepping up the company’s push into augmented reality, according to people familiar with the plans. The rear-facing, longer-range 3-D camera is designed to scan the environment to create three-dimensional reconstructions of the real world. It will work … Read more

Israeli scientists claim to have a cure for cancer

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by Dr. Eowyn According to the International Agency for Research, cancer is the second leading cause of death, second only to cardiovascular disease, accountable for every sixth death in the world. Each year, an estimated 18.1 million new cancer cases are diagnosed worldwide. Note: Actually, abortion is the leading cause of death worldwide and in the United States, accountable … Read more

Economic & Real Estate Bubbles

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by Martin Armstrong QUESTION: I work in the construction industry in Phoenix Arizona and there has been a boom in new construction for apartments, condos massive housing tracts and all of the retail that follows this. When I read about your worldwide property crash forecast the economic forecast for growth in our market is that that … Read more

CNN Goes ‘Undercover’ To Manufacture Consent For Coup Attempt In Venezuela

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Authored by Kevin Gosztola via ShadowProof.com, A CNN “exclusive” report from inside Venezuela aired multiple times on the network on January 28. It is a prime example of how influential media outlets in the U.S. effectively create propaganda for the opposition,which now is receiving funds from President Donald Trump’s administration. For the four-minute report, CNN correspondent Nick Paton Walsh went … Read more