On Wire

Breaking news, updates, and reports on current events.

We Just Witnessed A New “Lehman Brothers Moment”, And It Threatens To Unleash A Frenzy Of Panic On Wall Street

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by Michael Another domino has fallen.  We are being told that the failure of FTX “would be kind of like a Lehman Brothers event”, and at this hour FTX is on the verge of collapse.  There was a chance that FTX could survive when Binance announced a shocking rescue plan, but after looking at the … Read more

There Was A “Red Wave” In One State

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by Michael There was most definitely a “red wave” on Tuesday.  But it was not the sort of “red wave” that most Republicans were expecting.  Instead of a national “bloodbath”, the Republican Party greatly exceeded expectations in just one state.  Florida Governor Ron DeSantis beat Charlie Crist by a whopping 19 points, and several other … Read more

Voting Democrat wasn’t enough for the dead so now they’re running for office – Dead Democrat elected by landslide in Pennsylvania

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Democrats literally elected a dead man. https://t.co/GfJwqbTX2G — Redacted (@GGnazis) November 9, 2022 via theguardian: A longtime Pennsylvania state representative was re-elected in a landslide – even though he died last month. Democrat Anthony “Tony” DeLuca, Pennsylvania’s longest-serving state representative, was the choice in more than 85% of votes cast. DeLuca, 85, died on 9 … Read more

We need a higher education sector that looks like America.

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DIVERSITY PROBLEM: Over 99 percent of University of Wisconsin system professors’ political donations benefit Democrats. ANALYSIS: University of Wisconsin professors have plenty of support for Democrats, not as much for Republicans Over 99 percent of political donations by University of Wisconsin system professors went to Democrats, according to The College Fix’s analysis of 2021-22 Federal Election Commission data. … Read more

Is it different this time?

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Interesting history lesson from @t1alpha this morning: " . . .this bear market has lasted longer than 211 trading days . . . This may serve as a warning for the bulls, as drawdowns that do not bottom out within 200 days typically extend out into 300 days plus " pic.twitter.com/POsU7unR5J — Jonesy (@HedgeyeDJ) November … Read more

Repo’ed cars at auto auctions are going bidless because the greedy banks are holding out for 2021 prices…so not happening!

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by Boo_Randy As repo lots and dealerships fill up with cars that tapped-out debt donkeys can’t afford to buy, something is going to give. Millions of upside-down car loans right now. It’s a standoff and someone has to blink because they are holding all those massively overvalued hard assets. — Mark ‘never had a blue … Read more

Musk is still selling Tesla shares in November from SEC filings, no matter what the headlines say

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by Historical_Job_8609 There are so many conflicting reports of the Twitter takeover leveraged against Tesla stock, cash used by Elon taken from loans collateralized by Tesla shares, etc, etc. The precise details of the deal remain cloudy. Almost as cloudy as Musk’s own finances. Musk fans will assert, and Musk himself did, that he was … Read more

Nationwide strike over inflation disrupts transport across Greece

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High energy prices and soaring living costs have triggered strikes and protests across Europe this month, including in Germany, France and Spain. The nationwide walkout in Greece – the second this year called by private and public sector unions representing more than 2.5 million workers – was expected to culminate in rallies outside parliament on … Read more

Elon Musk’s daughter is trans. Elon blames schools.

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Billionaire electric car magnate Elon Musk is blaming “communism” in elite colleges and universities for his estrangement from his transgender daughter, Vivian Jenna Wilson. “It’s full-on communism … and a general sentiment that if you’re rich, you’re evil,” Musk told the Financial Times in an interview published Friday. “It [the relationship] may change, but I have very good relationships … Read more