On Wire

Breaking news, updates, and reports on current events.

Bad News Is Good News – Wall Street Greatly Celebrates The Latest Economic And Financial Disasters

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by Michael Sometimes I think that we truly are living in Bizarro World.  We just witnessed one of the most horrible financial disasters in years, and economic activity is dramatically slowing down all around us, but Wall Street is celebrating.  In fact, the Dow Jones Industrial Average rose more than 1,200 points on Thursday.  Despite everything … Read more

MUSK PANIC: Mulling TWITTER Bankruptcy

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Elon Musk may have to take Twitter through Chapter 11 bankruptcy as a result of rampant fraud allegedly committed by the company’s executives and board. The billionaire has told Twitter staff that bankruptcy isn’t out of the question. via NYPOST: Twitter owner Elon Musk told employees on Thursday that he is not sure how much run … Read more

12 more countries want to join BRICS

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Russia announces 12 more countries want to join BRICS… if all are accepted BRICS will have 50% of the world population… and an even larger share of commodities such as oil, gas, metals etc… https://twitter.com/WallStreetSilv/status/1590797577301417984  

Deli meat and cheese food poisoning alert!

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A deadly outbreak of listeria in six states has been linked to contaminated deli meat and cheese, the US Centers for Disease Control and Prevention announced Wednesday…. A total of 16 people have been infected, and 13 have been hospitalized, according to reports from six states. One death was reported in Maryland; another person became … Read more

Crypto Carnage Exposes Untold Risks of Unbacked Digital Wealth

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by: Stefan Gleason Cryptocurrency markets were rattled this week by the abrupt collapse of FTX, a major exchange. Facing a wave of customer requests for withdrawals, FTX announced it was experiencing “liquidity” issues. Rival firm Binance initially offered to help facilitate an emergency rescue of FTX. But after some investigation of FTX’s finances, Binance concluded, … Read more

Alarm! REAL Average Hourly Earnings At -2.8% YoY In October, Negative Growth Since March 2021 (19 Straight Months Of Negative Earnings Growth!)

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by confoundedinterest17 Alarm! The inflation numbers are out for October and they still stink (headline inflation still sizzling at 7.7% YoY). But the number that really irks me is … REAL average hourly earnings growth is at a horrifying -2.8% YoY because of Biden’s terrible policies (aka, Bidenflation). Real average hourly earnings growth YoY has been … Read more

No Country for White Men

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by Chris Black Many such cases. Not good: -1 in 6 Hiring Managers Have Been Told to Stop Hiring White Men-52% of Hiring Managers Believe Their Company Practices “Reverse Discrimination” in Hiring-Large majority has passed on qualified applicants because they are not diverse enough https://t.co/k13flU3WA9 pic.twitter.com/nXjDIOR4RN — David J. Bier (@David_J_Bier) November 9, 2022 I’ve … Read more

Dead Democrat Elected in Pennsylvania

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by Chris Black No, I am not talking about Fetterman. Some folks commenting that the voters here were oblivious. Some certainly were. But for others, they likely preferred the idea of a special election over electing the third-party candidate on the ballot — Charlie Wolfson (@chwolfson) November 9, 2022 Live people voting for a dead … Read more

Joe Biden Threatens Elon Musk with Investigation

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by Chris Black Elon Musk endorsed Republicans. Now the Democrat government wants to bring him in to get probed. Following that midterms hoax on Tuesday, you’re going to witness the situation in America degrade rapidly. Reporter: Do you think Elon Musk is a threat National Security?Biden: *laughs* I think that Elon Musk’s cooperation with other … Read more

Red Wave, Give Me A Break

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by Chris Black The NY Times is predicting that the GOP will end up with 221 House seats. That is just 3 more than needed for a majority. Even if they outdo this prediction, it won’t be by more than a few seats. A truly pathetic showing given how unpopular the President, congress, Democrat party, … Read more

Fed Is NOT Unwinding MBS, 30yr Mortgage Rate Falls To Under 7% (Will The Fed ACTUALLY Unwind Its Balance Sheet??)

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by confoundedinterest17 Now that the midterm elections are over (except for counting of million of mail-in ballots, a massive moral hazard risk), President Biden has proclaimed that he isn’t changing any of his horrid policies. And apparently, neither is The Federal Reserve. Despite the headlines that The Federal Reserve is rapidly downsizing its massive balance sheet … Read more