On Wire

Breaking news, updates, and reports on current events.

Leading economic indicators have been down 8 months in a row. Yield Curve inversion steepens, now worse than it was for the Great Recession!

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2) This alone is a pretty good leading indicator.https://t.co/vwQRm2ER3A — QF Research (@ResearchQf) November 18, 2022   Forbes: Yield Curve Inversion Steepens; now worse than it was for the Great Recession The yield curve is now deeply inverted. Three months rates are well above ten year yields on U.S. government debt. The current inversion is deeper … Read more

People who are calling for the Fed to pause rate hikes because inflation went down a tick, are the same people who head back to the buffet to celebrate losing 1 pound.

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People who are calling for the Fed to pause rate hikes because inflation went down a tick, are the same people who head back to the buffet to celebrate losing 1 pound. — The Maverick of Wall Street (@TheMaverickWS) November 17, 2022 ECB'S NAGEL: RECESSION IS INSUFFICIENT TO GET INFLATION BACK TO TARGET. at least … Read more

Teslas Are Awesome and All That But…

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by Chris Black If everyone will be driving electric cars in ten years, why are companies still building brand new gas stations everywhere? They don’t have charging stations for electric cars. Building a huge twenty pump station costs millions of dollars. Two new stations went up outside my town in the last six months. There … Read more

Three Out Of Four Bitcoin Investors Have Lost Money: Study

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Roughly three-quarters of people who have bought bitcoin have lost money according to a study published Monday as the cryptocurrency sector reels from the collapse of a major exchange that has sapped confidence. Economists at the Bank of International Settlements, an institution widely considered as the central banks of central banks, analysed data on investors … Read more

A Bill That Is Being Pushed Through Congress Could Devastate Some Of Our Most Precious Freedoms

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by Michael In America, we are supposed to be able to say whatever we want and believe whatever we want.  Unfortunately, freedom of speech and freedom of religion have been eroding for decades, and now a new bill that is being railroaded through Congress could change everything.  If it gets signed into law, and there … Read more

Ben Shapiro: “Chuck Schumer just outlined the Great Replacement Theory. It’s fine when he says it. It’s only wrong when you notice it.

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Chuck Schumer just outlined the so-called "Great Replacement Theory," in which he advocated giving amnesty to 11 million immigrants to make up for America's low birth rate. It's fine when he says it. It's only wrong when you notice it. pic.twitter.com/Z5rpTG9lbf — Ben Shapiro (@benshapiro) November 17, 2022

San Francisco offers 97 different gender options for welfare

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https://twitter.com/libsoftiktok/status/1593125055730716672 A new guaranteed income program for transgender residents of San Francisco includes 97 gender options on its application, plus 19 sexual orientations — including several anti-gay slurs — and 18 options for pronouns. The city-sponsored program, called Guaranteed Income for Trans People (GIFT), will “provide low-income transgender residents with $1,200 each month, up to … Read more

Layoffs? You Want To Talk About Layoffs? Here Are 10 Major Announcements Which Have Happened Within The Past 10 Days

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by Michael Have you noticed that the pace of layoff announcements has gotten rather fast and furious lately?  Many of the biggest companies in the entire country are now conducting mass firings, and this is reminding many analysts of what we witnessed back in 2008.  During the “Great Recession”, millions of Americans ultimately lost their … Read more

Yahoo Finance CANADA: “Loblaw, Metro warn food inflation could persist as suppliers continue to hike prices”

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Two of Canada’s grocers say food suppliers are continuing to pass along new cost increases, signalling higher food prices will persist into 2023. Loblaw Cos. Ltd. and Metro Inc. say they’ve received fresh rounds of cost increase notices from food suppliers in recent weeks. “The inflation outlook remains uncertain as we continue to receive many … Read more

Schumer: We have a population that is not reproducing on its own… get a path to citizenship for all 11 million illegal immigrants

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Schumer: "We have a population that is not reproducing on its own with the same level that it used to. The only way we’re going to have a great future is if we welcome immigrants… get a path to citizenship for all 11 million [illegal immigrants].” pic.twitter.com/ag9XMQCvet — Greg Price (@greg_price11) November 16, 2022 Chuck … Read more

Disgraced tech bro Sam Bankman-Fried blames his EX-LOVER for FTX collapse and $32BN loss, admits he lied about being moral and calls ethics a ‘dumb game we woke Westerners play’: SEC chair ‘in a corner’ for lack of oversight of ‘Wild West’ crypto market

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Disgraced tech bro Sam Bankman-Fried has sensationally confessed his commitment to ethics was ‘a front’ and he ‘feels bad’ for those who were ‘f***** by it’ – as he blamed his ex-girlfriend for the FTX crisis. The founder of the failed crypto platform, whose collapse has cost consumers billions of dollars, admitted his efforts to appear … Read more

NBC News: “Moms for Liberty-backed school board members fire superintendent, ban critical race theory”; Communists Furious

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View post on imgur.com On Tuesday evening, the Berkeley County School District in South Carolina swore in the board members who were elected last week, six of whom were endorsed by the conservative activist group Moms for Liberty. Within two hours, the school board had voted to fire the district’s first Black superintendent, terminate the … Read more

Congress Passes First Ever MARIJUANA BILL – Medical Marijuana and Cannabidiol Research Expansion Act

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by Fuego1050 🚨 Congress just passed its first marijuana bill.@SenSchumer took the podium tonight to usher through the Medical Marijuana and Cannabidiol Research Expansion Act, which passed by unanimous consent. The bill passed the House in July, and now heads to Biden's desk. pic.twitter.com/cwzVhh5BXF — Natalie Fertig (@natsfert) November 17, 2022 The Senate passed a bill … Read more

Applying US federal sentencing guidelines to Sam Bankman-Fried

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by ScoMoTrudeauApricot Got curious (because I definitely don’t have anything stuck on FTX) and decided to apply USSC sentencing guidelines on SBF Apparently prison time is determined like a reverse video game, the more points you acquire, the higher your “Offense Level” and the more months you spend in PMITA https://www.ussc.gov/guidelines/2018-guidelines-manual/2018-chapter-5 There is a 600 … Read more