On Wire

Breaking news, updates, and reports on current events.

The next recession, when it finally occurs, may be a different animal altogether.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter On Tuesday at the close of the market, the yield curve sagged further in the middle like a limp noodle, with these characteristics: At the short end, the 1-month yield rose to 2.46%, near the top of its recent range, and near the upper end of the Fed’s target range for … Read more

AP Moller-Maersk: The Global Economy Is ‘Clearly’ Slowing Down

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The global economy is ‘clearly’ slowing down: AP Moller-Maersk from CNBC. Soren Skou of A.P. Moller-Maersk says U.S.-China trade issues are the “biggest single risk” that can affect the company’s shipping business. https://www.cnbc.com/video/2019/03/27/the-global-economy-is-clearly-slowing-down-ap-moller-maersk.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Mortgage Bankers Had a Record Loss on Originations in 4Q

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via nationalmortgagenews: Independent mortgage bankers lost the largest amount for originating a loan in the fourth quarter since this data has been tracked, as costs rose and volume dropped, according to the Mortgage Bankers Association. “Independent mortgage bankers continued to struggle in this very competitive mortgage market environment, with the average pretax net production income per … Read more

MAGA COUNTRY EXPLODES WITH RAGE AFTER ALL SMOLLETT CHARGES ARE DROPPED

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Breaking 911 reports, Attorneys for “Empire” actor Jussie Smollett said all the criminal charges against him have been dropped. Smollett — who authorities said filed false reports of a crime — had been indicted on 16 felony counts by a Cook County grand jury. https://www.youtube.com/watch?v=dNWYbxb8uY4 Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/wow-jussie…      

Recession comes when Fed cuts… Largest inflow to $UVXY

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recession comes when Fed cuts pic.twitter.com/8AqgEFX2pZ — Alastair (@StockBoardAsset) March 27, 2019 Ok if my earlier tweet on $HYG didn’t WAKE YOU UP… “Almost 117k contracts net short by commercials, i.e ~2b notional short exposure.” $VIX Largest inflow to $UVXY evah? https://t.co/14KOehqNB7 — Samantha LaDuc (@SamanthaLaDuc) March 27, 2019 Chart shows #China PBoC liquidity squeeze … Read more

REPORT: WIKIPEDIA Editors Paid to Protect Political, Tech, Media Figures

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via breitbart: A report in Huffington Post recently revealed the case of Wikipedia editor Ed Sussman, who was paid by media clients such as NBC and Axios to help diminish critical material. Paid editors operating in a similar manner to Sussman have worked on behalf of CNN contributor Hilary Rosen and the CEOs of Reddit and Intel, among other … Read more

Mueller’s ties to Clinton Foundation exposed?

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by mistercrinkles I saw this on Facebook, Mueller’s ties to Clinton Foundation exposed. What do you think?   This is a bit long, but here we go…. He would have to bring down himself and all his people! From 2001 to 2005 there was an ongoing investigation into the Clinton Foundation. A Grand Jury had … Read more

Minimum wage would be $33 today if it grew like Wall Street bonuses have —Bankers’ bonuses have jumped by 1,000 percent since 1985.

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via cbsnews: Wall Street bonuses fell 17 percent to an average of $153,700 last year. Despite the decline, Wall Street bonuses are 52 percent higher than a decade ago. If the minimum wage had kept pace with the same growth as Wall Street bonuses, the hourly baseline wage would be $33.51 an hour, one analysis finds. … Read more

“Global rates are again “foaming at the mouth” with another leg of “panicky grab.”

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via Zerohedge: While some are ignoring the looming economic crunch and instead blame mortgage convexity hedgers for the sharp move lower in yields in the past week which led to the first inversion in the recession signalling 3M-10Y curve since 2007, even as others do their best to talk down the risk of a recession following yield curve inversion, … Read more