On Wire

Breaking news, updates, and reports on current events.

Michael Burry says the US economy will suffer a multiyear recession. He sees no way for authorities to end the downturn early and warns consumers will virtually exhaust their savings soon, tanking the economy.

by

  via businessinsider: Michael Burry has predicted the US economy will suffer a multiyear recession. The ‘Big Short’ investor sees no way for authorities to end the downturn early. Burry has warned consumers will virtually exhaust their savings soon, tanking the economy. Michael Burry has sounded the recession alarm, warning the US economic downturn will probably … Read more

Economists say higher prices are here to stay

by

Transitory inflation talk is back. But economists say higher prices are here to stay https://t.co/TfhqKQRjOG — Daniel Lacalle (@dlacalle_IA) November 30, 2022 Good Morning from #Germany, where supermarket prices keep rising. German Food CPI jumped 21% YoY in Nov, the highest food price #inflation since the start of the statistic & way higher than in … Read more

Affordable housing is a thing of the past as long as the criminal private banking cartel called the Fed controls our money issuance

by

There hasn't been a single substantive question about the unprecedented increase in the money supply at any FOMC press conference in the last few years. An abject failure of the mainstream financial media in ignoring one of the most import drivers of the inflationary spike. — Charlie Bilello (@charliebilello) November 29, 2022 h/t Boo_Randy

Federal Reserve Alert! Federal Reserve Board announces annual indexing of reserve requirement exemption amount and low reserve tranche for 2023. To be set at $36.1 million, up from $32.4 million in 2022, and the low reserve tranche will be set at $691.7 million, up from $640.6 million in 2022.

by

by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20221129a1.pdf The Federal Reserve announced the annual indexing of the reserve requirement exemption amount and the low reserve tranche for 2023. The annual indexation and publication of these amounts are required by law and does not indicate a change in depository institutions’ reserve requirements, which will remain zero. If reserve requirement ratios were not … Read more

Chinese analyst sees $AAPL iPhone 14 Pro demand “wiped out” in 4Q 2022

by

Apple analyst Ming-Chi Kuo (TF International Securities) is out today with some new predictions on iPhone 14 Pro sales numbers. According to Kuo, Apple Inc’s “shipments in December are still significantly lower than expected.” Based on developments in China, here’s what Kuo predicts : The production of the Zhengzhou iPhone factory was significantly affected by … Read more

Kanye Storms Out Of Tim Pool Interview

by

by Chris Black On Monday, Ye appeared with Nick and Milo on Tim Pool’s podcast, “The Timcast.” The interview was cut shot very early on after Tim Pool kept doing the “pushing back” bullshit. Ye said he wasn’t going to do another Lex Fridman humiliation ritual, and he got up and walked out. Pool continued … Read more

UK: New Ethnic Displacement Statistics Just Dropped

by

by Chris Black “The percentage of the population in all high-level ethnic groups, excluding “White”, has increased since 2011.” England is ~20% non-White and only ~75% indigenous British. In 2001, England was ~90% British. London is now 35% British, down from 45% in 2011. Also worth noting that illegal immigrants aren’t counted, so the situation … Read more

African Immigrants Rioting and Burning Down Europe Because They Beat Belgium in a Soccer Game

by

by Chris Black Apparently, European mainstream media is claiming that Belgians are responsible. As we speak Moroccan migrants are rioting and setting cities on fire all over Europe because they won a football game against Belgium. Mind you, these men are 3rd/4th generation migrants. Integration does not happen over time: the problem just gets worse.pic.twitter.com/0lqp4mebGN … Read more

Is Credit Suisse about to blow?

by

by Infamous_Sympathy_91 It’s quite concerning to see Credit Suisse CDS spreads widening so drastically. This indicates that the bank may be facing more risks than it was previously, and investors are increasingly worried about its financial health. I think this is something worth monitoring closely in order to assess potential investment opportunities or risks within … Read more

Adam Kinzinger is having a prolonged internet meltdown over a cartoon cat and a cartoon frog

by

Google Pepe the Frog. You’ll see that this is an alt right meme since 2016, with links to anti semetism and authoritarianism. Cool Elon. https://t.co/TP2F4nEvbI — Adam Kinzinger (Slava Ukraini) 🇺🇸🇺🇦 (@AdamKinzinger) November 28, 2022 https://twitter.com/_/status/1594904098272608257 You mean, like, the Jews or something? Is that what this is? https://t.co/WItmiDu5T9 — Adam Kinzinger (Slava Ukraini) 🇺🇸🇺🇦 … Read more

U.S. Department of Health & Human Services Whistleblower Reveals ‘Tax Dollars’ Spent to ‘Put Children in the Hands of Criminals

by

U.S. Department of Health & Human Services Whistleblower Reveals ‘Tax Dollars’ Spent to ‘Put Children in the Hands of Criminals’; Says Gov’t Complicit Because ‘We Don’t Get Sued by Traffickers’ … Migrant Child: My Female Sponsor ‘Would Pimp Me to Men’ Tara Lee Rodas, Council of the Inspectors General on Integrity & Efficiency: “The tax … Read more

Shots Fired: McConnell Warns Trump He is “Highly Unlikely to Ever Be Elected President of the US” For Dining with Rapper “Ye”

by

Senate Minority Leader Mitch McConnell (R-KY) on Tuesday took a shot at Trump without saying his name. McConnell said it is highly unlikely that Trump will ever be elected president again for dining with Kanye West and his surprise entourage. “First let me just say that there is no room in the Republican Party for … Read more

Senate PASSES vote to make same-sex marriage federal law – with 11 Republicans joining all Democrats to send bill to Biden’s desk

by

The United States Senate voted to enshrine the right to same-sex and interracial marriage into federal law on Tuesday. The Respect For Marriage Act passed on a 61-36 vote. Eleven Republicans voted with Democrats on the measure. It now heads back to the House of Representatives, where it’s likely to pass the Democrat-controlled chamber swiftly … Read more

Another Disney Woke Trash Flops

by

by Chris Black Every single piece of entertainment now has woke shit as if there was like a general order to all producers to include woke crap into their products. This started hard in around 2012 but recently it got even to the point that even children cartoon have woke shit. Do you know why … Read more

Who Is Killing The Crypto Millionaires?

by

by Michael Are some of the cryptocurrency industry’s most important pioneers being targeted by someone?  We just learned that a 53-year-old cryptocurrency billionaire named Vyacheslav Taran has died, and he is the third big name to suddenly meet his maker in recent weeks.  So is this just one giant coincidence, or is there some common … Read more