On Wire

Breaking news, updates, and reports on current events.

ECRI Recession Alert In Negative Territory Indicates Recession Or A Plunge On Track… Margin Debt and S&P Top This Time?

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ECRI Recession Alert in Negative territory đŸ”»-4Indicates Recession or a Plunge on track> pic.twitter.com/VPVVS9OMgO — Antonio PĂ©rez-AlgĂĄs (@apanalis) November 30, 2018 📌Margin Debt and S&PTop this time? or not? Without a severe Decline?Amazing pic.twitter.com/JHWarCpMcb — Antonio PĂ©rez-AlgĂĄs (@apanalis) November 30, 2018 🧐US Yield Curve on a brink to reach the goal: be Inverted (2Y5Y 2Y10Y) … Read more

SPX stops are hit, Bulls have the bag now. DJT must deliver or there will be a blood bath on Sunday night

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SPX stops are hit, Bulls have the bag now. DJT must deliver or there will be a blood bath on Sunday night pic.twitter.com/D4BsxZXIKy — xTrends (@xtrends) November 30, 2018 Speaking of bear markets, here is what SKEW index tells us about it. pic.twitter.com/YSPKG6ecPQ — xTrends (@xtrends) November 30, 2018 https://twitter.com/magotrader/status/1068648540375789568 🧐No much progress for the … Read more

John Adams: Australia Has “Stage 4 Economic Cancer”

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by John Adams from Adams Economics In the past week, economist and former political advisor John Adams visited Australia’s Federal Parliament to speak to politicians about how sick the Australian economy is and how this will result in a devastating Economic Armageddon.  John Adams told the politicians that it is better, and in the national interest, if they … Read more

Could GE’s Slow Collapse Ignite A Financial Crisis?

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This article was written by Dave Kranzler and originally published at Investment Research Dynamics Will GE be the proverbial “black swan?” – It had come to my attention that General Electric was locked out of the commercial paper market three weeks ago after Moody’s downgraded GE’s short term credit rating to a ratings level (P-2) that … Read more

Reddit is replacing community mods with a Chinese style communism points system. No joke.

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What could ever go wrong? via Reddit: Greetings, r/Libertarian! I want to let you know about an experiment we’re launching in r/Libertarian today. It’s a governance tool based on reputation, as a more federated way to make community decisions. Introducing… Community Points and Polls! The magic of Reddit happens when users have the space and control to be … Read more

Sacramento to spend $400,000 to clean up human feces and garbage created by the homeless

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by DCG Streets of Sacramento
   Liberal utopia of Sacramento
 Progressive-run west coast cities have become a magnet for the homeless. The demorats encourage illegal and disgusting behaviors by not enforcing laws. The bureaucrats do nothing to actually solve their homeless problems; they just react to the situations they helped create. See the following: Liberal utopia … Read more

Real Estate Starting to Go Belly Up Down Under

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By Harry Dent I just got back from Australia
 A five-city tour: Sydney, Perth, Melbourne, Adelaide, Brisbane
 I was gone for 11 days
 eight on the ground. And man! What a trip. Never mind the endless travelling or the horrific jetlag
 This was one of my best tours yet; and a particularly unusual one because … Read more

Seems like everytime I think my GE stocks couldn’t get any lower, they find a way to prove me wrong.

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NYT: GE, Tesla, Snapchat, under accounting investigations Companies that lag their peers sometimes cut accounting corners to make themselves appear stronger than they really are. But is the risk of getting caught worth it? The recent news that the Justice Department and Securities and Exchange Commission are looking at the accounting and disclosures of General … Read more

Miller on the Money: “When the Music Stops, Who Gets Stuck With the Bad Loans?”

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by Dennis Miller The Federal Reserve is raising interest rates. Higher rates = higher monthly payments = more defaults. Who will get stuck with bad loans? Wolf Street recently interviewed Mike Jackson, CEO of AutoNation, the largest auto retailer in the country: “We knew ‘free money would inevitably end. Affordability would become an issue
’ The double whammy are … Read more

Trump Tweets: Preparing Us For Inevitable Arrests & Prison?

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by Thinker My friends we may see justice soon. Emily Birnbaum for the Hill reports, President Trump on Wednesday morning shared an image calling for his opponents to face trial for “treason,” with many of them behind bars. THEY FAKED”EVERYTHIN!” JUST LIKE TRUMP HAS BEEN SAYING! https://youtu.be/ZacYZ_U4j3Y “You Are Just A TV Guy!” Fmr. Security … Read more

Tax Fraud By The Numbers: The Trump Timeline

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by Kenneth Boyd of CPA Accounting Institute for Success It’s no secret that tax law in the United States is extremely confusing. Even the length of the official tax code is subject to wild speculation; people estimate it to be somewhere between 2,500 pages and four times the length of the complete written works of Shakespeare. … Read more

Justice Department Charges Clinton, Obama, Feinstein Donor for $8 Billion Contract Fraud

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Three Senior Executives at Defense Contracting Firms Charged with Scheme to Defraud the U.S. Military in Connection with $8 Billion Troop Supply Contract and with Violating the Iran Sanctions Regime “Three men were charged in an indictment returned Nov. 27 for their roles in a scheme to defraud U.S. Military contracts in Afghanistan, engaging in … Read more

Honeywell got $40M in tax breaks to stay in NJ but it’s leaving anyway.

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Honeywell International, Inc. confirmed Friday it is moving its corporate headquarters from Morris Plains to Charlotte, North Carolina, but that most jobs — at least for now — will remain in New Jersey. The planned relocation comes just three years after the company received a $40 million tax credit to keep its headquarters in New Jersey, in … Read more

The bizarre but easy next step to fixing America.

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by Fabius Maximus  Summary:  By now most Americans see the need for drastic political reform in America. This post explains why nothing happens (the usual stories are wrong), and how we can take the first step to fixing the Republic. It’s not what you expect. “If ye love wealth better than liberty, the tranquility of servitude … Read more

SO THE ORIGINAL STORY WAS
 FAKE NEWS?

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NPR has now amended their completely botched story about Don Jr’s testimony to the Senate in 2017. UPDATE (FROM GLENN): It’s playing badly. Journos complain about Trump undermining trust in journalism. But the problem isn’t what Trump says about journalists, it’s what journalists do.   h/t SG

Here Are The Key Charts You Should Be Watching

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by Jesse Colombo  I’ve shown many charts over the past few weeks, so I wanted to use today’s post to update them after the Fed’s Jerome Powell took more of a dovish tone regarding upcoming Fed Funds rate hikes, which caused stocks and other risk assets to rally in relief. Surprisingly, none of the important technical … Read more

Tenuous Markets Bracing for Vindictive House Dems, Budget Crunch

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via moneymetals: Learn Why CNBC & Bloomberg Have Banned Our Special Guest Michael Pento
 https://s3.amazonaws.com/ILB_MS_BUCKET/ILB-181130-WeeklyMarketWrap.mp3  DOWNLOAD MP3 Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up Michael Pento of Pento Portfolio Strategies joins me for a conversation you will not want to miss. Michael weighs … Read more

Deep Quandaries of the Deep State

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via Jim Kunstler: Watergate had tragic Shakespearean overtones, with Nixon as King Lear, but Russia-Gate — perhaps the last gate America goes through on its giant slalom run to collapse — is but a Chinese Fire Drill writ large. The reason? In 1973, we were still a serious people. Today, the most lavishly credentialed elite in … Read more

Bombshell devastating summary of international crimes implicating Mueller

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The DOJ filing, by Dr. Les Sachs, a former DOJ employee now under EU protection, is a devastating summary of international crimes implicating Mueller. It was immediately recognised as being very well-founded in DOJ’s own files, and Trump’s lawyers know this as well. DOJ IG memo Mueller bribery extortion. pdf – DocDroid https://www.docdroid.net/eVAAjIq/doj-ig-memo-mueller-bribery-extortion.pdf Robert Mueller … Read more

Amazon ‘Cloud’ contractors involved in Spygate?

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So I listened to Bongino podcast yesterday. The last 10 minutes he breaks down who he thinks is in trouble & why. He also mentioned Amazon Cloud contractors & their involvement in accessing our NSA database. Start at 49:50 https://omny.fm/shows/the-dan-bongino-show/ep-861-dont-believe-the-michael-cohen-media-hype Amazon Cloud article from 11/17 https://www.businessinsider.com/amazon-web-services-launches-secret-region-2017-11 Amazon has actually already offered a top-secret region since … Read more