On Wire

Breaking news, updates, and reports on current events.

Inflation Alert! April 2023 Rental Report: The median asking rent was $1,734, up by $4 from last month and down by $43 from the peak but still $348 (25.1%) higher than the same time in 2019 (pre-pandemic).

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by Dismal-Jellyfish Source: https://www.realtor.com/research/april-2023-rent/ In April 2023, the U.S. rental market experienced single-digit growth for the ninth month in a row after fifteen months of slowing from a high of 16.4% growth in January 2022. Median rent across the top 50 metros was up just 0.3% year-over-year for 0-2 bedroom properties, the lowest growth rate … Read more

Doge Coin Versus Venerable Bitcoin, Is The Thrill Gone From Dogecoin? (US CDS 1Y Rises Again On Democrat Failure To Control Budget)

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by confoundedinterest17 Is the thrill gone from Dogecoin? In the crazy world of Cryptocurrencies, two “coins” stand out: the venerable Bitcoin and Billy Markus and Jackson Palmer’s Dogecoin (aka Dog Coin based on a Shiba Inu dog. After a jolt of popularity, likely related to Elon Musk’s tweets, dogecoin has dropped -46.5% since November 1, … Read more

Portland Wants To Re-Fund Its Police

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Authored by Michael Letts via AmericanThinker.com, Portland, OR was one of the leading voices in the “Defund the Police” movement in the wake of George Floyd’s death. Politicians gave into the demands of like-minded rioters and activists and began cutting the budget of the city’s Bureau of Police. On its face, this should have been seen … Read more

Facebook Deletes “Jesus Died So You Could Live” Post, Calls It “Hate Speech”

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In the last days we are warned: And ye shall be hated of all men for my name’s sake: but he that endureth to the end shall be saved. Matthew 10:21 Facebook Deletes “Jesus Died So You Could Live” Post, Calls It “Hate Speech”https://t.co/KgWD0pRK3b — Truthseeker (@Xx17965797N) May 18, 2023 https://reclaimthenet.org/facebook-deletes-jesus-died-so-you-could-live-post h/t Little Lost

Covenant School tries to block release of certain records tied to massacre

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The private Christian school where Audrey Hale slaughtered six people took legal action this week to stop the release of some records tied to the disturbing shooting, according to a legal filing. The Covenant School and associated Covenant Presbyterian Church called on the court to intervene and “protect its interest relating” to Hale’s manifesto after … Read more

California City Gives Celebrity Chef José Andrés an Exemption for his Restaurant to use Gas Stoves

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In Palo Alto, California, local administrators have given an exemption to celebrity chef José Andrés that will allow his new restaurant to use gas stoves. “Faced with a threat of a lawsuit, Palo Alto administrators have reversed their earlier decision and will now allow the new restaurant that chef José Andrés plans to open at … Read more

U.S. Depression Rates Reach New Highs

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WASHINGTON, D.C. — The percentage of U.S. adults who report having been diagnosed with depression at some point in their lifetime has reached 29.0%, nearly 10 percentage points higher than in 2015. The percentage of Americans who currently have or are being treated for depression has also increased, to 17.8%, up about seven points over … Read more

Gold has broken out of its corridor

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by bitkogan For nearly two months, it traded within the range of $1975-2050. Support at its lower boundary held off a price decline in the latter half of April, but it couldn’t hold up this time. Prices have dipped below that range, now breaching the 50-day average. The reasons are apparent. Optimism about the debt ceiling, … Read more

Investors pull back: All-cash sales – often investors and second home buyers – plunged by 22% year-over-year to 94,000 homes in April, from 120,000 homes in April 2022… Home sales plunge, supply rises, prices drop

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by BoatSurfer600 Source: Wolf Street Home Sales Plunge, Supply Rises, Prices Drop Year-over-Year Most since 2012. It’s getting crazy out here   With the economy on life support and banks collapsing … I’d say Gold is a safe bet Americans are upbeat on gold and have soured on stocks — perhaps to their detriment. Twenty-six … Read more

Corporate media controlled by PR companies that conspire to push leftist propaganda

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by: Ethan Huff (Natural News) Dr. Joseph Mercola recently interviewed Michelle Stiles, the author of a book called “One Idea to Rule Them All: Reverse Engineering American Propaganda,” about the corporate media and its propaganda problem. In the name of fighting “misinformation” and “disinformation” corporate media outlets everywhere are censoring the truth and lying to the public, … Read more

Greenwald: We really are a democracy in name only

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‼️ All Americans *need* to understand the Durham Report's dire implications for their democracy:@GGreenwald: "The most dangerous development of all in the US is that the Security State is fully liberated… to use their investigative powers to manipulate our politics, control… pic.twitter.com/BB41GE0BQp — System Update (@SystemUpdate_) May 17, 2023

Genevieve Roch-Decter: The FDIC took a $13 billion loss on the deal, while JP Morgan will gain $2.6 billion Does the government really need to subsidize the largest bank in the world?

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Source: https://t.co/iwVahYs986 — Genevieve Roch-Decter, CFA (@GRDecter) May 18, 2023 The government: "We have to be careful of letting a few banks control the entire economy" Also the government: Invites the CEOs of the largest banks to a private meeting to advise on the debt ceiling pic.twitter.com/3WfMwM56ug — Genevieve Roch-Decter, CFA (@GRDecter) May 18, 2023 … Read more

How to Profit From the AI Revolution

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By Graham Summers, MBA Artificial Intelligence (A)I is the current major them for the markets. With economically related companies (TGT, X, etc) showing lower returns, investors are piling into AI as the next major source of growth for corporate top lines (revenues) and profit margins (presumably AI will replace many employees which will lower operating … Read more

Fed’s Inflation Fight Far from over

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by DAVID HAGGITH Lovely Lorie Logan says clearly the Fed’s inflation fight is not over. Rates will rise.   Today provides another stark example of how you cannot get good financial reporting from the financial media. Walmart took the news by storm with its report that revenue is up, sales are up, earnings are up. … Read more

ACCOUNTABILITY FOR A CHANGE: Top federal prosecutor in Massachusetts to resign after damning ethics report.

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via CNBC: The Department of Justice’s internal watchdog began a probe last year after U.S. Attorney for Massachusetts Rachael Rollins attended a Democratic fundraiser last July featuring first lady Jill Biden, despite advice that this would violate ethics guidelines. “We found Rollins’s conduct described throughout this report violated federal regulations, numerous DOJ policies, her Ethics … Read more

10-Yr Treasury Volatility Index is rising as debt ceiling negotiations intensify, which suggests large moves in either direction

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by Ok_Significance_4008 I believe that the CVOL vs. Convexity (TYCY) ratio is a good indicator of market conditions. When the CVOL is high and the Convexity is low, it indicates that there is more risk in the market and investors are less confident. This could be due to concerns about future economic growth or political … Read more

Government Shutdown Debt Default Reduced Social Welfare Recession 0 Savings, Retirement, 401ks The fallout will be immense

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So ofcourse with that said I do not think this will hold over as it did during the 1st recession back in the 1930s.There are alot of projects on the back log waiting for initiation. Financial Agricultural Social Environmental Humanitarian Historical times we are in. — Ăʀɨɛʟ (@Prolotario1) May 17, 2023 The specific impact on … Read more

Foreign Invasion Update: Mayor Eric Adams Reveals 50% of NYC Hotel Rooms Are Occupied by Illegals… Counterterrorism Analyst Urges Border States to Shut Down

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via theblaze: New York City Mayor Eric Adams claimed that the migrant crisis is so bad that 50% of all hotel rooms in the city are being occupied by illegal aliens. Adams made the comments on Wednesday while addressing criticism for his handling of the crisis. “In order to address an onslaught, you have to … Read more