On Wire

Breaking news, updates, and reports on current events.

Globalization Is Waning… US-China trade deal won’t solve that, strategist says.

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via CNBC: Peak globalization has actually already come and gone, according to David Roche, president and global strategist at London-based Independent Strategy. Even China — whose leaders are now some of the loudest proponents of global systems — will see most of its future growth come from domestic pursuits, he projected. Globalization is waning, and a … Read more

Fed’s Key Rate Edging Closer to Top of Band as Repo Rates Surge

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by confoundedinterest17 I am still laughing over Fed-nominee Stephen Moore calling Ohio “the armpit of America.” But I wonder what Moore has to say about the idea of a new Fed quantitative easing scheme:  Federal Reserve officials are considering a new program that would allow banks to exchange Treasurys for reserves, a move aimed at ensuring liquidity … Read more

Hanson: House Prices “Turn Negative” for the First Time Since 2007

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via mhanson: Redfin reported last week that house prices were down 0.1% y/y in March, the ‘first such decline since 2012’. BUT, that sounds better than it really is… Redfin has been reporting shrinking HPA for about a year now (See Item 1). Last month it finally “turned negative”, an important distinction. Redfin’s “first decline since 2012” marker is … Read more

CNBC: “Alphabet had more than $70 billion in market cap wiped out, and it says YouTube is one of the problems” “GET WOKE, GO BROKE”

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CNBC: “Alphabet had more than $70 billion in market cap wiped out, and it says YouTube is one of the problems” “GET WOKE, GO BROKE” Alphabet reported a sharp decline in ad revenue growth Monday, sending the stock down more than 8% on Tuesday. Alphabet’s CFO said changes to the YouTube algorithm caused lower engagement … Read more

The Most Splendid Housing Bubbles in America, April Update

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Condo prices fall year-over-year in New York. In San Francisco, SoCal, & Seattle, year-over-year price gains shrink to nearly nothing. Despite the hype, Boston prices decline. Denver, Dallas & Atlanta eke out records.  After seven months in a row of month-to-month declines, prices of single-family houses in the Seattle metro ticked up … Read more

Get something from the debt before it breaks.

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via @OccupyWisdom : 1/ The reason that Pres. Obama was able to take the Fed debt from $10T to $20T with no problem was that rates were 0% for six years. If nobody comes for their principal you can make all the $0 dollar interest payments you need to and borrow unlimited funds. The problem is 2/ … Read more

End of political career: Term limits can drain the swamp

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https://www.youtube.com/watch?v=_KJE2R0OMqI Senator Ted Cruz (R-Texas) has introduced a constitutional amendment to introduce term limits for members of Congress. Scottie Nell Hughes expects that the political hacks and entrenched “congressional dinosaurs” of the Beltway Swamp won’t leave without a fight. #NVHughes #QuestionMore #RTAmerica  

Right On Cue, It’s Happening, Boom

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The US home price growth is slowing, the housing market is slowing. Trump’s tax cuts are helping the everyday person and helping small businesses. The tax cuts are bring jobs back and helping people keep more currency in their pocket. R&D agree to a 2 Trillion dollar infrastructure bill. Trump says China is doing stimulus … Read more

The World Is Sadder & Angrier Than Ever

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Authored by Mac Slavo via SHTFplan.com, In this day and age when most people have everything they could possibly need and then some, the world is sadder and angrier than ever before. The standard of living around the globe has never been higher, but neither has the discontentment. According to a major analysis of global well-being, the world … Read more

Food Crisis Alert: U.S. Farmer Income Plummets

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This article was written by Mac Slavo and originally published at SHTFplan.com The food crisis could be upon us, as farmers in the United States report that income has plummetted.  If farmers can no longer afford to grow the food we all buy in the stores, expect not only a major price hike on the food … Read more

Overly Bullish Hedge Funds Set The Stage For Oil Price Drop

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By Tsvetana Paraskova For more than ten weeks, portfolio managers have been consistently amassing bullish bets in the most important petroleum futures contracts, as market fundamentals were pointing to OPEC over-delivering on the production cuts, Venezuela’s supply crashing, and potential losses from conflict-torn Libya, amid resilient global oil demand growth. Last week, oil prices jumped … Read more

“We’ll know our disinformation program is complete when everything the American public believes is false.” – William Casey, CIA Director 1981-1987.

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by follyboyz The more they try to subvert things, the more we should seek the truth. Although the truth is scattered like puzzle pieces, it is there. We need to remember who we are as individuals and as a collective. There is so much to learn and so much that could truly benefit humankind. Compare … Read more

Things Get Crazier in Venezuela! Is It All About Oil? John Bolton Press Conference Today

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Jason talks about John Bolton’s impromptu press conference today about Venezuela held on the White House lawn and about Venezuela and the oil market. 1) Venezuela Coup? “Live Fire” Exchanged Outside Contested Air Base, Armored Car Plows Into Protesters https://www.zerohedge.com/news/2019-0… 2) How Socialism Destroyed Venezuela https://economics21.org/how-socialism… 3) Venezuela was my home, and socialism destroyed it. … Read more