On Wire

Breaking news, updates, and reports on current events.

Reminder: Even with the recent decline in home prices, America is still in the largest housing bubble ever

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The data in this graph comes from the Case Shiller Home Price Index going back to 1970. It's inflation-adjusted. Meaning that it measures the cost of Homes compared to other goods/services in the economy. Making it an apples to apples comparison for Home Prices across time. — Nick Gerli (@nickgerli1) November 14, 2022 This where … Read more

Consumers are not quitting when it comes to spending, more fuel for the inflation fire. Retail sales surged by 1.3% ($694.5 billion) in October (8.3% above October 2021). Retail sales, which are not adjusted for inflation, were up by 8.3% for the 12 months ended in October.

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by Dismal-Jellyfish Source: census.gov Judging by the Q3 Report on Household Debt and Credit: The 15 percent year-over-year increase in credit card balances marked the largest in more than 20 years, it was on credit cards. Walmart’s Doing Great. Its Customers, on the Other Hand …

Meanwhile China has opened dozens of what it calls “110 Overseas Police Service Centers” in cities around the world, Including U.S. cities

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China has opened dozens of what it calls “110 Overseas Police Service Centers” in cities around the world, some of which are being used to blackmail suspects into returning home to face criminal charges in breach of global extradition laws, according to a new report. Open boarder Brandon? https://www.voanews.com/amp/china-s-overseas-police-stations-breach-sovereignty-report-claims/6785143.html https://nypost.com/2022/09/30/china-has-opened-police-stations-in-us-and-canada-to-monitor-chinese-citizens-report/amp/ Chinese Intelligence Officers Interfered with … Read more

More CRYPTO crash incoming as Genesis Global Capital halts all withdrawals

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🚨 BREAKING 🚨 CRYPTO GIANT GENESIS SUSPENDS WITHDRAWALS, ORIGINATIONS IN LENDING BUSINESS — GURGAVIN (@gurgavin) November 16, 2022 Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of … Read more

Texas declares invasion at US southern border and deploys ‘unprecedented measures’!

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I invoked the Invasion Clauses of the U.S. & Texas Constitutions to fully authorize Texas to take unprecedented measures to defend our state against an invasion. I'm using that constitutional authority, & other authorization & Executive Orders to keep our state & country safe: pic.twitter.com/2Jt5HEMgp5 — Greg Abbott (@GregAbbott_TX) November 15, 2022 h/t 16 Blocks

The Biggest Adjustment Of Inflation Ever

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via WOLF STREET: But there won’t be an adjustment for the Fed-favored “core PCE” price index that will come out before the next Fed meeting. Let’s just start with inflation in services today because nearly two-thirds of consumer spending ends up in services, so this is the biggie. And some extra-special stuff happened in the CPI … Read more

Hunter Biden interview goes off the rails as host says his ‘hands were tied’ from asking political questions

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Hunter Biden interview goes off the rails as host says his ‘hands were tied’ from asking political questions Hunter Biden’s interview on a Twitter Spaces live broadcast devolved into chaos after he was apparently disconnected from the line, and the host launched into a rant about his hands being “tied” on what he was allowed … Read more

Cold War Watch: “If you’re interested in geopolitics and US-China competition, this is absolutely THE video you need to watch today”

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https://twitter.com/RnaudBertrand/status/1591766236022837250 https://twitter.com/RnaudBertrand/status/1591766240741265408 https://twitter.com/RnaudBertrand/status/1591766245505990658 https://twitter.com/RnaudBertrand/status/1591766250656788481 https://twitter.com/RnaudBertrand/status/1591766255631233024 https://twitter.com/RnaudBertrand/status/1591769506317471744 h/t Dan

112 Million Americans Can’t Afford To Get Sick As Healthcare Costs Soar 600%

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https://www.youtube.com/watch?v=DYkT2ES1ozo Most Americans are just a single illness away from losing everything. We all know that by now The United States has the most expensive healthcare system in the entire world. The shocking results of a recent survey just revealed that more than 122 million Americans can’t afford to get sick because of the insane … Read more