On Wire

Breaking news, updates, and reports on current events.

America! US 30yr Mortgage Rates Declines To 6.85% As US Home Prices Retreat From Highs (Will The Fed Pivot To Increase M2 Money Again?)

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by confoundedinterest17 I was confused when President Biden claimed ‘I was sort of raised in the Puerto Rican community’ in Delaware.” Here are Joe and Jill Biden singing “America.” Apparently, Biden was in the Sharks gang and Trump’s MAGA supporters are the Jets. On the real estate side, Bankrate’s 30-year mortgage rate dropped to 6.85% as the 10-year US … Read more

Latinos Tell MSNBC They’re Switching To GOP: “We’re For God, Country, Family And Hard Work

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Latino NBC reporter ADMITS Democrats are doomed among Latinos in 2022 pic.twitter.com/99IrxzYojT — Benny Johnson (@bennyjohnson) October 3, 2022 Texas Latinos tell MSNBC they've switched from Democrat to Republican: "We’re for God, country, family, and hard work" “The fact of the matter is that we — you know, we don’t feel safe anymore [because of … Read more

Peter Schiff: Double digit annual inflation will soon be a way of life in America. Better get use to it and invest accordingly.

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The price Americans will pay for Tarp, Obamacare, PPP, and all Govt. programs that lead to the massive build up of debt since the 2008 financial crisis is #inflation. Double digit annual inflation will soon be a way of life in America. Better get use to it and invest accordingly. — Peter Schiff (@PeterSchiff) October … Read more

Don’t forget: Media “Experts” spent the last two years telling us that Inflation wouldn’t happen… The real danger was DISINFLATION, they declared.

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by BinyaminDelta Reuters in 2020 telling you don’t be silly, inflation won’t happen… Trillions in bailouts and unplugging the economy will actually cause prices to fall long term! “The coronavirus pandemic is more likely to leave a legacy of weak or falling prices for goods and services than to trigger higher global inflation…” “Once the pandemic subsides, disinflation is the bigger worry” ! … Read more

Federal Reserve Alert! Governor Philip N. Jefferson: ‘Restoring price stability may take some time and will likely entail a period of below-trend growth. However, I want to assure you that my colleagues and I are resolute that we will bring inflation back down to 2 percent.’

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October 04, 2022 Technology’s Impact on the Post-Pandemic Economy Governor Philip N. Jefferson At “Technology-Enabled Disruption: Lessons from the Pandemic and the Path Ahead,” a conference organized by the Federal Reserve Banks of Atlanta, Dallas, and Richmond Good morning, and thank you. It is a pleasure to be here today. I am happy to be … Read more

The fact that Elon Musk could be attacked as “pro-Russian” merely for suggesting a possible peace deal — even though he gave Starlink to the Ukrainian war effort — shows how warped and intolerant the public conversation has become.

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On Ukraine, @elonmusk learned two lessons: 1. if you suggest avoiding a nuclear war, you’ll face death threats. 2. Maybe there isn’t a “good side” in that war. (Which is what every intelligent person who understands the area said from day 1.) pic.twitter.com/eXOJJ8rPKx — Cernovich (@Cernovich) October 3, 2022 The fact that @elonmusk could be … Read more

U.S. HOUSEHOLDS to SELL $100 Billion Worth of STOCKS Next Year…

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(Kitco News) Despite a positive start to the fourth quarter, households could sell $100 billion worth of equities next year, according to Goldman Sachs. “Rising rates are causing a shift in investor mindsets from TINA (`There Is No Alternative’) to TARA (`There Are Reasonable Alternatives’), indicating a weakening outlook for equity demand going forward,” Goldman’s … Read more

Australian homeowners could be forking out more than $2000 extra a month soon, with fears they don’t realise the “shock” headed their way.

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by Boo_Randy You are not a “homeowner” until the last mortgage check clears. These Australian debt donkeys who bought into one of the world’s most insane housing bubble courtesy of the RBA are royally screwed. https://www.news.com.au/finance/economy/interest-rates/interest-rates-how-much-the-cash-rate-could-rise-by-2023/news-story/dc2d53fda7f84927a7fa94120c4dab09 Australian homeowners could be scrambling to find an extra $1000 to $2100 to make their monthly mortgage repayments, with … Read more