On Wire

Interest on federal debt is set to skyrocket, potentially surpassing defense spending by as early as 2025, CNN reported Tuesday. The federal government made $475 billion in net interest payments in the fiscal year 2022 — which ended in September  — up from $352 in fiscal year 2021, according to the Treasury Department. The number exceeds the … Read more

by Gary6587 I feel like we are probably approaching the final stages of the market moving based on Fed activity and are soon entering a new stage where deteriorating economic indicators and earnings start matter most. It’s been a hell of a confusing year at times deciding if good news is bad or bad news … Read more

Apparently confirming the view of Saudi Crown Prince Mohammed bin Salman (MbS) that the U.S. is now regarded as just another one of its partners in a new global order that would see Beijing and its allies share the leadership position with Washington, Saudi Arabia last week reiterated its commitment to China as its “most … Read more

POWELL: NO SENSE THAT INFLATION IS COMING DOWN — *Walter Bloomberg (@DeItaone) November 2, 2022 The White House deleted this tweet after taking credit for 8% annualized inflation. Luckily screen shots are forever. White House is forced to DELETE fact-checked tweet claiming Biden has given American seniors the biggest boost in Social Security in 10 … Read more

by LessTalkMoreRock1 Nowhere in any of Jpows statements today did he suggest he will pivot to being dovish. He continued to say future decisions will be data dependent. Here is what he just said at the meeting verbatim: “Our decisions will depend on the totality of incoming data and their implications for the outlook of … Read more

by Claudio Grass   Claudio begins his discussion with the pandemic, the people are waking up and they are now seeing that the criminals lied to them. The war is a show and as the economy implodes on itself the people understand that its not Putin fault, it is the criminal politicians that are causing … Read more

Time to give Cramer the boot He’s clearly overstayed his welcome 😉 — Reminiscences of an American Capitalist (@4Awesometweet) November 1, 2022

While it's not uncommon for companies to lower the estimates for the next quarter around the earnings season, this quarter the magnitude of down revisions is way higher than normal. Another reason why this is a BMR, rather than a new bull market. Charts from @MrBlonde_macro pic.twitter.com/3BX7AZsdVU — Matteo Marinelli (@MrnllMtt) November 1, 2022 May … Read more

https://www.forexlive.com/centralbank/full-fomc-statement-from-the-november-2022-fed-meeting-20221102/

From the article linked with the video. A press conference to announce a new $15 million sponsorship deal has taken a dramatic turn after a child collapsed, prompting speakers including Victorian Premier Daniel Andrews to come to the child’s aid.   h/t All by Design

Officers from the U.S. Capitol Police have live video surveillance outside the Pelosi’s San Francisco residence, but weren’t watching it when David DePape, 42, allegedly attacked Paul Pelosi, the husband of House Speaker Nancy Pelosi, sources tell Fox News. The officers were monitoring a live-feed of many cameras, which include surveillance of the capitol complex, … Read more

50% of athletes in the Big 10 have had cardiac scans and have myocarditis without symptoms. 😳😲pic.twitter.com/AaDtaCCdku — •Ɛɱɱყ• (@brixwe) October 31, 2022

Overworked US Capitol Police officers – who monitor the safety of 535 members of Congress – reportedly stopped ‘continuously monitoring’ video feed despite home security cameras capturing attack on Paul Pelosi Capitol Police had live video surveillance outside Nancy Pelosi’s $6million home when a crazed man allegedly attacked the Speaker’s husband with a hammer However, … Read more

A judge in Arizona on Tuesday issued a temporary restraining order keeping a group of armed poll watchers at least 250 feet from drop boxes, after a string of complaints that voters felt intimated by people carrying firearms as they monitored voting. The order also prevents monitors taking photographs of voters and requires them to … Read more

By Egon von Greyerz In this interview with Greg Hunter’s USAWatchdog Egon von Greyerz explains, “Credit has increased dramatically through derivatives.  All instruments being issued now by banks, pension funds, stock funds, it’s all synthetic.  There is no real underlying payments in anything almost.  Therefore, my estimate for derivatives would be at least $2 quadrillion, and I think … Read more

CNBC’s Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline. “According to the S&P oscillator I’ve followed for ages, we’re very overbought right now,” he said. “You have to hold your nose and sell something because we’re due for a pullback.” CNBC’s Jim … Read more

The oil industry has a choice. Either invest in America by lowering prices for consumers at the pump and increasing production and refining capacity. Or pay a higher tax on your excessive profits and face other restrictions. — President Biden Archived (@POTUS46Archive) October 31, 2022 AC

-Some states are above 90% of Children’s hospital beds filled -Multiple states already have pediatric hospital beds full -San Diego County is close behind https://abcnews.go.com/WNT/video/orange-county-declares-public-health-emergency-respiratory-infections-92504603 https://ktla.com/news/local-news/orange-county-declares-health-emergency-due-to-rsv-cases/ h/t SqueakyOne