On Wire

Breaking news, updates, and reports on current events.

US Leading Indicator More Like Bleeding Indicator After 10 Straight Months Of Declines, Down -1% As M2 Money Growth Dies (Mortgage Rate Rises To 6.47%)

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by confoundedinterest17 The Conference Board’s Leading Indicator should be called The Bleeding Indicator given that the leading index has declined to 10 straight months. This is happening as The Fed tightens monetary policy to combat inflation. Leading indicators include economic variables that tend to move before changes in the overall economy. These indicators give a sense … Read more

The Secret Panel? US Yield Curve Inversion, CDS Default Price, SOFR Signals More Rate Increases Then Rate Cuts

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by confoundedinterest17 Ah, the start of a new week with Treasury Secretary Janet Yellen arguing (with a straight face) that there is no room in the Federal budget for cuts. Apparenly, Yellen never read any of the massive, pork-laden spending bills signed by Biden (no one else did in Congress either, nor did Biden). Let’s start … Read more

PR firm CEO tells Davos: businesses need to starve platforms that spread “disinformation” of revenue

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via reclaimthenet.org: During a panel discussion on “disrupting distrust” at the World Economic Forum in Davos, Switzerland, it was posited that combating the spread of “disinformation” by “right-wing groups” is a crucial step in restoring trust in non-governmental organizations (NGOs) that collaborate with governments and other entities on initiatives aimed at ameliorating global issues. The CEO … Read more

Former Russia Hoax FBI investigator charged with taking money from a Russian oligarch tied to Putin.

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THE FBI IS LOOKING INCREASINGLY SHADY: Ex ‘top FBI agent’ who investigated Trump for ties to Russia arrested over alleged ties to Russia. “An FBI agent who investigated the Donald Trump Russia collusion [claims] has been arrested for colluding with Russia. You can’t make this stuff up.” Sadly, you don’t have to. https://twitter.com/shoshido/status/1617584909606092803 h/t Glenn

TIME TO DEFUND THE LEFT…

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In October last year, rival Pfizer, $PFE, said it planned to hike its COVID vaccine's price to about the same range – $110 to $130 per dose. Read more details: https://t.co/s1tahwY1pQ — unusual_whales (@unusual_whales) January 23, 2023 pic.twitter.com/DgRKDRHGrX — Robert W Malone, MD (@RWMaloneMD) January 22, 2023 “Stanford student senate allocates thousands of dollars to fund … Read more

United States Yield Curve 3M10Y Most Inverted In 30+ Years! (But Other Assets Signaling Cooling Odds Of Recession)

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by confoundedinterest17 The first headline I saw when I turned on Bloomberg.com was “DOJ Officials Find More Classified Documents at President Biden’s Home.” This is an improvement! So far, the task has been handled by Biden’s private attorneys who don’t have proper security clearance; at least the Justice Department is finally getting involved! But back to the … Read more

What Do Banks Do When They Are Preparing For A Recession?

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What do banks do when they are preparing for a recession? — Ty Dolla (@TyFadeaway) January 22, 2023   https://twitter.com/MFHoz/status/1617176777364836359 #recession … Global $USD #Liquidity Squeeze edition https://t.co/ne1TqFClEL — Invariant Perspective (@InvariantPersp1) January 23, 2023 Bank borrowings from Federal Home Loan Banks surged to $661 billion in the third quarter last year.That's up from $344 … Read more

Corporate suicide watch: Harley-Davidson plans to go all-electric

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I can’t think of a worse example of a corporate CEO misreading his customer base than this via the Robb Report (Hat tip: Ed Driscoll, Instapundit) “At some point in time, Harley Davidson will be all-electric,” the executive [Harley-Davidson CEO Jochen Zeitz] recently told Dezeen. “But that’s a long-term transition that needs to happen. It’s … Read more

They’re making room for a new nominee in 2024…

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They’re making room for a new nominee in 2024 Real question is whether they charge Biden so they have cover to also charge Trump to get rid of him as well — SETH WEATHERS (@sethweathers) January 22, 2023 More #ClassifiedDocuments documents found in Biden’s possession! Not “six documents” as some media outlets are falsely reporting. … Read more

The United States Is Insolvent

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by Michael You can call everyone for dinner, because our goose is cooked.  We are so deep in debt that the only way we can keep the entire system from collapsing is to keep borrowing even more money.  Perhaps you have been through a similar scenario with your own personal finances.  When you simply do … Read more