On Wire

Breaking news, updates, and reports on current events.

IRS won’t issue tax refunds during government shutdown

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via wdtv: (CNN/Donna Borak) — Americans may find themselves missing an agency they usually love to hate if the government shutdown persists: the Internal Revenue Service. A protracted fight between President Donald Trump and Democratic congressional leaders to fund the government could delay payouts of tax refunds to millions of Americans who are owed money. The country’s … Read more

Massive Hack of German politicians

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Private emails, credit cards, photos of most politicians in Germany have been hacked and published Hope that the Merkhell crime syndicate goes down the toilet now it was the russians as usual LOL via bild.de: Following the massive Hacker attack on politicians and private persons, the German government calls a Cyber Alarm. The Federal office for … Read more

Do Documents of the Government Belong to the Government or the People?

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by Martin Armstrong COMMENT: Dear Marty, Rudy Giuliani, Trump‘s lawyer and former mayor of New York, says Julian Assange of Wikileaks should not be prosecuted and compares his work to the Pentagon Papers. Kind regards, MS REPLY: I totally disagree with the attempt to prosecute Julian Assange of Wikileaks or Snowden. The argument for his prosecution is based upon this … Read more

Yellow Vests Becoming World Wide Movement

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by Martin Armstrong The Yellow Vest Movement that began in France, is spreading. It appeared also in Belgium and it spread to Canada as well. The French arrested the leaders of the Yellow Vest Movement calling them an anti-government charging them for organizing an unauthorized protest, as authorities adopt a tougher approach to try to curb the demonstrations. During the weekend … Read more

Safe havens are surging. What this means for stocks

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by Troy While the U.S. stock market has been trending downwards from December 2018 – present, safe havens (e.g. gold and Yen) have been going up. 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 reference, here’s the random probability of the … Read more

Danielle Park: Margin Calls, Share Buybacks, and Real Estate

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Talk Digital Network, Released on 1/3/19 Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog: http://www.jugglingdynamite.com. Danielle worked as an attorney … Read more

Censorship vs. Suppression

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via Eric Peters: Libertarians – me included – have wrestled long and hard with this one: Is it censorship when private entities do it? No – not in a legal sense. Because these private entities do not have the power to forbid publication, per se. But they do have the power to suppress (and even to punish) publication when the entities at issue effectively control … Read more

TIM COOK TO INVESTORS:

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People Bought Fewer New iPhones Because They Repaired Their Old Ones. And they repaired their old ones because the new ones aren’t delivering the innovation and performance that used to make people scrap their perfectly-good older phones to buy the new ones. Possibly because Apple’s CEO is spending more time on social-justice nattering than on … Read more

IT’S AN ENTIRELY POLITICAL TERM, SO IT MEANS WHATEVER POLITICS REQUIRES IT TO MEAN AT THE MOMENT

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The Ever-Shifting Definition of “Assault Weapons:” The phrase has been used to promote bans on almost every type of gun. The very heterogeneous group of so-called “assault weapons” has only two things in common. First of all, none of them are automatics or machine guns. Gun prohibition advocates have very effectively created and then exploited … Read more

Harry Reid is dying of pancreatic cancer

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by Dr. Eowyn Senator Harry Reid (D-NV) was Senate Majority Leader from 2007 to 2015 — credited with pushing Obamacare into law — and Senate Minority Leader from January 3, 2015 to January 3, 2017, when he retired from the U.S. Senate. Remember Reid’s strange injuries? On May 14, 2018, Reid underwent surgery after being diagnosed with … Read more

More US Troops To Be Deployed To Southern US Border – Will Build 160 Miles Of Fencing

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from Zero Hedge More US troops will be deployed to the Southern border to “construct or upgrade” 160 miles of fending, as well as provide medical care to thousands of migrants arriving from Central America, reports NPR, citing military sources. The Pentagon will foot the bill out of its discretionary funding for the deployment and fence construction along the … Read more

The State Department Issues A Travel Advisory As The U.S. And China Steamroll Toward Open Conflict

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by Michael Snyder The U.S. State Department has officially issued a level two advisory for travel to China, and U.S. citizens are being warned that they could “be detained” and “subjected to prolonged interrogations and extended detention”.  That sounds extremely ominous, but most Americans typically ignore warnings like this and continue with their normal travel … Read more

Markets Are in a Tizzy. So What Will the Fed Do?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Investors are waking up after years of somnolent money-making.   Markets are in a tizzy. They’re finally reacting to the Fed’s rate-hike cycle, the slowest rate-hike cycle in history. It took three years to nudge up the effective federal funds rate from near zero to 2.40% now. Throughout, the Fed has … Read more

The “Stock Market Crash Of 2018” Is Rapidly Transforming Into “The Financial Crisis Of 2019”

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by Michael Snyder Stock markets are crashing all over the world, we are seeing extremely violent “flash crashes” in the forex marketplace, economic conditions are slowing down all over the globe, and fear is causing many investors to become extremely trigger happy.  The stock market crash of 2018 wiped out approximately 12 trillion dollars in global stock … Read more

Asia markets fall again as 2019 off to nightmare start… APPLE’s stark warning may be ominous news for China

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Asia markets fall again as Tokyo gets 2019 off to nightmare start There was no respite for Asian investors Friday as most regional markets suffered more losses, with Tokyo tanking three percent and technology firms taking another hiding after Apple’s shock revenue warning. The new year has proved so far to be anything but happy … Read more

Market Cracks…(!)

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by Chris Tons going on today. I’ll get to as much as I can over time.  Here’s a quick synopsis: First, the US equity markets had another bad day after several quite valiant rescue attempts.  The Dow finished down -660 points, the S&P 500 was -62 points. I sincerely hope that the various entities that … Read more