On Wire

Breaking news, updates, and reports on current events.

Marching to a Federal Debt Crisis – Cato

by

via cato: My new op-ed at The Hill discusses the disastrous rise in federal government debt as profligacy dominates both parties in Washington. With the far-left lurch of the Democrats and the complete abdication of responsible budgeting by Republicans, I don’t see how the nation escapes from a damaging and protracted economic crisis down the road. It does not … Read more

The next test for the highflying stock market begins as companies kick off reporting what could be their biggest quarterly profit contraction in three years

by

The next test for the highflying stock market begins as companies kick off reporting what could be their biggest quarterly profit contraction in three years https://t.co/hgcZOYjCG6 via @WSJ — M/1_LP (@MI_Investments) July 15, 2019 Q2 earnings preview:– 2% Y/Y decline in SPX EPS – earnings to fall in six of 11 sectors, led by Infotech … Read more

As Wall Street Celebrates Rising Stock Prices, Companies Are Literally Shutting Down All Over America

by

by Michael Snyder How long can the stock market possibly stay completely disconnected from economic reality?  On Monday, the Dow Jones Industrial Average rose just 27 points, but that was good enough to push it to yet another new all-time record high.  Investors have been absolutely thrilled by the extremely impressive bull run that we … Read more

How Different Generations Think About Investing

by

by visualcapitalist View the full-size version of the infographic Every generation thinks about investing a little differently. This is partially due to the fact that each cohort finds itself on a distinct leg of life’s journey. While boomers focus on retirement, Gen Zers are thinking about education and careers. As a result, it’s not surprising to find that … Read more

“This Won’t End Well” – Lies, Damned Lies, & China’s Retail Sales Data

by

via Zerohedge: As far back as 2013, China’s macro-economic data has been ‘questionably’ smoothed at best, and outright fake at worst. Whether it is trade data (“never been faker” than in 2016) or aggregate production (2018’s massive GDP distortions), as economist Nouriel Roubini once asserted, China just makes its numbers up. This month was no exception… Following China GDP’s … Read more

A Bacterial Invasion? People All Over The East Coast Are Suddenly Being Attacked By Flesh-Eating Disease In 2019

by

by Michael Snyder Why are we suddenly seeing so many cases of flesh-eating disease all along the east coast of the United States?  For years, flesh-eating bacterial infections were so rare in the U.S. that even a single case would make national headlines.  But here in 2019 the news is telling us that we are … Read more

Well, Twitter Is Opposed To Free Speech, So. . .

by

BREAKING: Twitter silences Canadian free speech activist Lindsay Shepherd. One of Canada’s most outspoken free speech advocates, Lindsay Shepherd, has been suspended from Twitter. The suspension comes after a jousting match with a notorious trans woman named JY who has been accused of predatory behaviour toward childrenand making frivolous human rights complaints. The Post Millennial reached out to … Read more

Epstein Had Passport From Saudi Arabia Under Different Name

by

They said the passport was issued in the 1980s and listed Epstein’s residence as Saudi Arabia. It was not clear if the safe was the same one where agents found a cache of nude or semi-nude photographs believed to be of underage girls. https://www.thedailybeast.com/jeffrey-epstein-accusers-to-demand-he-stay-jailed-at-bail-hearing Update >>>>> Jeffrey Epstein Has a Fake Saudi Passport and a … Read more

Apparently, It’s 2017 Again

by

Sarah Hoyt: Trump Points Out The Obvious. Everybody Apparently Loses Their Damned Minds. *I had the first night of decent sleep in several days (Yes, Dan is home.) And woke up to my friend whose middle name might or might not be Jefferson (he claims it’s not) burning up the phone line. I had NO … Read more

A Top is Forming… Is is THE Top?

by

By The Phoenix A top is forming. Whether it’s THE top of just A top such as the one from May remains to be seen. The big warning comes from junk bonds, which have lead stocks since the December lows. As stock hit new highs, Junk Bonds have effectively traded sideways since mid-June. This matters … Read more

Trump Slams Faltering Chinese Economy, Declares US ‘Winning’ Trade War

by

from Zero Hedge The leadership in Beijing probably wasn’t too disappointed with the country’s slowest in nearly 30 years 6.2% annualized GDP print published early Monday morning local time, after all, in keeping with China’s “no surprises” mandate on economic data – every number is goalseeked to perfection to match the consensus, even if the Q2 number was … Read more

BOOM! Only Mexicans will be eligible to claim asylum at the US-Mexico border.

by

WASHINGTON (AP) — The Trump administration said Monday it will end asylum protections for most migrants who arrive at the U.S.-Mexico border in a major escalation of the president’s battle to tamp down immigration. According to a new rule published in the Federal Register , asylum seekers who pass through another country first will be … Read more

Court: Immigrants who vote illegally can be deported

by

That’s how they catch em. Non-citizens who register to vote are breaking federal laws and can be deported, an appeals court affirmed in a new ruling Monday, issuing its decision just as President Trump raised the profile of the issue, asking for a study of illegal voting.”     https://www.washingtontimes.com/news/2017/feb/13/court-immigrants-who-vote-illegally-can-be-deporte/?fbclid=IwAR14WzI0UMZ6mC0c5hy_ws0-vNvbL0TVHP1fZs9VsnBuVbxy5t49TGi9XGM

Sobering Thoughts: “Bottom line, more and more data are indicating that this is the beginning of an economic contraction.”

by

Sobering Thoughts: "Bottom line, more and more data are indicating that this is the beginning of an economic contraction." pic.twitter.com/xEOvC3bXSb — Alastair (@StockBoardAsset) July 15, 2019 non-gov't, alternative data shows an impressive industrial slowdown ripping through the american heartland pic.twitter.com/2RI9LH2tmR — Alastair (@StockBoardAsset) July 14, 2019 A composite index of all future employment data from … Read more