On Wire

Breaking news, updates, and reports on current events.

Oil Markets Set For Further ‘’Disruption’’

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By Irina Slav Already rocked by excessive volatility, the oil market could become even more volatile in the coming months, according to the chief strategist of JTD Energy Services, with geopolitical disruptions pushing prices higher. “It’s almost like 2011, when (former Libyan dictator Muammar Gaddafi) was toppled. If … Libya comes into play, that’s only going to add … Read more

If You Want to Be Rich, Don’t Hate Rich People

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By Jared Dillian   There is a lot of talk about socialism in the United States. Much of it is coming from people who are pretty well-off, relatively speaking. Don’t you think that’s weird? Take a family led by two white-collar workers who make about $75,000 a year. With $150,000 in income, you still have … Read more

SAN FRANCISCO’S SLOW-MOTION SUICIDE

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via nationalreview: Magnificent in the distance, San Francisco is now shockingly ugly up close. In the decade I have lived here, the city has achieved the seemingly impossible: It has combined the expensive and the bland and the appalling into a new form of decadence. To the untrained eye, it looks magical: a city of the … Read more

Tripling Down On Stupid

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Democrats Will Regret Not Walking Away When They Could. “The Democrats’ continued obsession with opening the pandora’s box of the Mueller report will only make things worse for the get-Trump crowd as the hoax chickens increasingly come home to roost.” Mueller’s team has played dirty from the start. Contrary to the public narrative that the team … Read more

Congress to Ban Govt From Offering Free Online Tax Filing

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ProPublica is a nonprofit newsroom based in New York. Sign up for ProPublica’s Big Story newsletter to receive stories like this one in your inbox as soon as they are published. Just in time for Tax Day, the for-profit tax preparation industry is about to realize one of its long-sought goals. Congressional Democrats and Republicans are moving … Read more

The nonstop stock market rally continues

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by Troy The S&P 500 is now up 8 days in a row, for the first time since October 2017. As you may recall, the stock market rallied nonstop in 2017. Go here to understand our fundamentals-driven long term outlook. Let’s determine the stock market’s most probable medium term direction by objectively quantifying technical analysis. For … Read more

IMF Cuts Global Growth Outlook to Lowest Since Crisis… Job Openings Hit 11-Month Low

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via fxstreet: Key highlights: •  2020 unchanged at 3.6%. •  Says risks to the downside based on Brexit and US-China talks. •  Says growth will stabilize in the first half of 2019, sees gradual recovery afterwards. •  Sees global trade volume up 3.4% vs 4.0% in Jan. •  Cuts Euro-zone growth to 1.3% from 1.6%. •  Cuts US … Read more

EXIT POLLS: BIBI ON THE BRINK…. RESULTS: DEVELOPING

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GANTZ BEATS NETANYAHU WITH LARGEST NUMBER OF SEATS, COALITION UNCLEAR Benny Gantz’s Blue and White party triumphed over Prime Minister Benjamin Netanyahu in Tuesday’s elections, as exit polls released late in the evening showed the party winning 37of the Knesset’s 120 seats. As elections enter final hour, frantic party leaders plead for votes   Turnout … Read more

Criminal Referrals Coming From The House Select Committee on Intelligence On Some Involved In The Mueller Investigation

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by Ruby Henley Representative Nunes {Rep. Calif.} will soon send eight criminal referrals to Attorney General Barr.  Nunes has been working on this for two years, but he wanted to wait until Mueller Investigation was completed. We do not know exactly who it is yet, but we do know this.  There are eight people involved, … Read more

Palladium Investors Must Be Cautious

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Lobo Tiggre interviewed on Palisade Radio Lobo joins us to discuss the current state of palladium, uranium, and the precious metals. Palladium’s primary role is not as a precious metal, but one of industrial use and automobile production may be in the increase in China. Uranium continues to set a stage for a bull market slowly. Investors … Read more

KEEP VOTING UNTIL THE DESIRED RESULT IS ACHIEVED: Theresa May Considering Vote On Second Referendum As Brexit Talks Stall.

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via Zerohedge: Ahead of a fifth day of talks between No. 10 and the opposition on Tuesday, the Daily Telegraph reports that Prime Minister Theresa May is considering amending her withdrawal agreement to include a Commons vote on authorizing a second ‘confirmatory’ Brexit referendum as a ploy to break the deadlock over a revised Brexit deal. With … Read more

Are negative interest-rates becoming a never ending saga?

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by Shaun Richards Today brings this subject to mind and let me open with the state of play in Switzerland. The Swiss National Bank is maintaining its expansionary monetary policy, thereby stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB remains at – 0.75% and the target range for the three-month … Read more