On Wire

Breaking news, updates, and reports on current events.

Mexico is starting to look like Venezuela

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by Simon Black Mexico is in the midst of a crisis again. And no, it doesn’t have anything to do with the border wall that caused the US government to be hopelessly deadlocked for more than a month. Or the economy. Or murders and violence. Or drug trafficking. Or bird flu. Nope. Mexico is battling an … Read more

Which Debt Do You Pay off First?

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BY JARED DILLIAN Let’s say you are trying to get out of debt. What debt should you pay off first? A university professor like myself might say: “You pay off the debt with the highest interest rate.” But there are other concerns—it’s not an equation that you can solve for x. Let’s talk about some of those concerns. … Read more

Rough Seas Ahead

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by Jesse “Love takes up where knowledge leaves off.   The things that we love tell us what we are.” Thomas Aquinas “When a man takes an oath, Meg, he is holding his own self in his own hands. Like Water. And, if he opens his fingers then — he needn’t hope to find himself again.” … Read more

FITON: HUGE Time’s up for inactive voters: Miss 2 federal elections, and you’re out. Judicial Watch lawsuit will result in massive clean up…up to 1.56 million inactive voters in LA!

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by TFittonJW Judicial Watch shaking things up in California: https://www.sfchronicle.com/politics/article/Time-s-up-for-voters-who-don-t-vote-Miss-two-13565476.php Californians across the state could find that they are no longer registered voters now that a suit by a pair of conservative groups has been settled by Los Angeles County and Secretary of State Alex Padilla. The settlement, which requires counties to purge inactive voters from their registration … Read more

IF A BUSINESS DID THIS, WE’D BE HEARING ABOUT THE EVILS OF CAPITALISM

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Exclusive: D.C. Exchange Website Misled Customers About Individual Mandate. Last year, in response to Congress repealing the Obamacare individual mandate penalty beginning this January, the D.C. Council established its own requirement for District residents to maintain health coverage. If D.C. leaders wished to replicate Obamacare on the local level, they have succeeded beyond their wildest … Read more

THIS is SUPER BULLISH for VOL

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THIS IMO is SUPER BULLISH for VOL because what it shows is that the real vol that market was considering was MUCH higher than actual VOL and that therefore risk is much higher than people are thinking as well (meaning risk assets) https://t.co/GhEZfpZmfp — mcm-ct.com (@mcm_ct) January 28, 2019 Update on our textbook RUT index … Read more

Taking time researching great companies is far preferable to blindly investing in everything

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via @OccupyWisdom : 1/ INDEX INVESTING (Log scale & inflation adjusted) All the investment “experts” tout index investing: blindly buying 100s-1000s of minuscule positions, as ideal for the average investor. The below chart shows the sideways movement that this strategy leads to, often for decades There were times in history the index moved sideways for 5 decades. … Read more

China Anguish Is Piling Up: The Chilling Thing Nvidia Just Said about China & Tech

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Nvidia again cut its revenue guidance for the fourth quarter of its fiscal year 2019, which runs through January, this time by 18.5% from its previously cut guidance, down to $2.2 billion. Last time it had blamed the crypto collapse. This time it blamed weak demand for its gaming chips “particularly … Read more

Leveraged loans index stalling out, credit impulse is falling…

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leveraged loans index stalling out – bad for stock market pic.twitter.com/KTt21h5yqZ — Alastair (@StockBoardAsset) January 28, 2019 Credit Default Swaps reset after a month of declines? pic.twitter.com/xU4LAqo03F — Alastair (@StockBoardAsset) January 28, 2019 Eurozone credit impulse… Despite zero interest rates and massive liquidity, credit impulse is falling. "You can lead a horse to water but … Read more

So much bad news today…

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so much bad news today: Tesla seen forecasting first-quarter loss after Musk warning pic.twitter.com/K0GqmjfZ7G — Alastair (@StockBoardAsset) January 28, 2019 "Q4 was an extraordinary, unusually turbulent, and disappointing quarter," Chief Executive Officer Jensen Huang said. pic.twitter.com/PPXFU1GRNk — Alastair (@StockBoardAsset) January 28, 2019 TSMC, the world's largest contract chipmaker, has cut full-year investment and forecast its … Read more

Debt collection negotiation script

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by eidas007   So I made this script for my wife. She has to call and handle some debt collection from credit cards we stupidly incurred in our early 20’s then defaulted on. These are tactics that were modified from a decade of working in dealerships and watching successful car salesmen use them on customers … Read more

2018 Tax Year Changes to Mortgage Deductions

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Beginning for tax year 2018, taxpayers are limited to deducting mortgage interest on the first $750,000 of debt related to acquiring, building or substantially improving the primary or designated secondary residence that the loan is secured by. Prior to the Tax Cuts and Jobs Act (TCJA) taxpayers that utilized itemized deductions could deduct their mortgage … Read more