On Wire

Breaking news, updates, and reports on current events.

‘Soft landing’ narrative nuked: PPI collapsing, nearly 60% of CPI components in deflation, retail sales trending negative. Profit Recession just getting started with 34 companies reporting -6.7% so far…

by

Non existent credibility cause the Fed is again out of synch with the market and the data.Yields dropping as a new Fed policy error of staying too high too long would kill any soft landing narrative.Powell's got some explaining to do. pic.twitter.com/GVsDvjIqab — Sven Henrich (@NorthmanTrader) January 18, 2023 U.S PPI (MOM) (DEC) ACTUAL: -0.5% … Read more

The housing market is crashing and mainstream media is not reporting on it…

by

https://twitter.com/TopFinanceTakes/status/1615708476315152384 A historic number of newly built homes will flood the market into the worst demographics in US history. What could go wrong? pic.twitter.com/pCdrP4rRSD — Darth Powell (@VladTheInflator) January 17, 2023 BREAKING: Commercial real estate vacancies in San Francisco are at a record 27.2%, having increased for 12 quarters in a row. — unusual_whales (@unusual_whales) … Read more

Federal Investigators Interviewed Personal Biden Attorney, Didn’t Use Form to Summarize Interview

by

Federal investigators reportedly interviewed a personal attorney to President Joe Biden, but did not use a form to summarize the interview. Patrick Moore, the attorney identified as the one who initially found classified materials while packing up Biden’s former think tank office, spoke with a team led by U.S. Attorney John Lausch during the initial review of … Read more

Billionaires in blue states face coordinated wealth-tax bills

by

Left-leaning proponents of taxing the assets held by America’s billionaires have a new target: In lieu of a federal wealth tax, state lawmakers want to tax billionaires where they live, in states like California, Washington and New York. A group of legislators in statehouses across the country has coordinated to introduce bills simultaneously in seven … Read more

Big Banks Might Face Breakup, Top Regulator Says

by

WASHINGTON—Big banks may need to be broken into smaller pieces if they become too big to manage and are unable to fix significant regulatory lapses, a top federal banking regulator said in a warning shot across Wall Street on Tuesday. A bank’s failure to resolve longstanding deficiencies despite reprimands from its regulators and onerous restrictions … Read more

GLOBALIZATION UNDER SIEGE

by

DAVOS, Switzerland — A decade ago, political power brokers and corporate bigwigs gathered here in the Swiss Alps under an upbeat theme. It was a time for “resilient dynamism,” declared the organizers of the 2013 meeting of the World Economic Forum. After the travails of the global financial crisis, they explained, the world was now … Read more

Microsoft $MSFT to fire 11,000 employees

by

(Reuters) -Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response … Read more

But It’s a Private Company! The Twitter Files

by

I don’t even care if it was the other way around, this is a breach of power, and the Biden administration just sits back and let’s this to continue to happen while today’s liberals think this is okay?? This is how 1984 starts and is starting. Sooner than later everything you do will be monitored … Read more

China has been supplying the world with cheap labor, thereby exporting disinflation… however demographics in China are rapidly changing… to the extent that deaths exceeded births in the last year

by

by silvertomars The aging of China’s population will increase inflation globally (all other things being equal) as a shrinking supply of labor is bid up by an elderly population with considerable paper wealth. Global aging and population shrinkage (as a rate of change) will make this a global trend. Of course, we could always add … Read more