On Wire

Breaking news, updates, and reports on current events.

The U.S housing market just saw the largest single-month deceleration in the past 40 years! For the first time since the pandemic, homes are now selling below the asking price

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https://twitter.com/mkt_sentiment/status/1570389759041609731 https://twitter.com/mkt_sentiment/status/1570389798585507841 https://twitter.com/mkt_sentiment/status/1570389821708804099 https://twitter.com/mkt_sentiment/status/1570389826012061697 https://twitter.com/mkt_sentiment/status/1570398034512728064 https://twitter.com/WallStreetSilv/status/1570598420896952320 The current #StockMarket crash has the potential to extend to a 30% fall in the next few weeks on the way to a 90% fall in coming years. The Dark Years are here.https://t.co/NmakUlNCbi — Egon von Greyerz (@GoldSwitzerland) September 14, 2022

Recession Confirmed: FedEx issues ominous warning about the global economy, shares tumble

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https://twitter.com/WallStreetSilv/status/1570545793903513600 Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.” FedEx CEO Raj Subramaniam warned in the release. “We are swiftly addressing these headwinds, but given the speed at which conditions shifted, first quarter results are below our expectations.” https://finance.yahoo.com/news/fed-ex-economic-warning-after-hours-movers-september-14-220428377.html

We Just Witnessed Something That Hasn’t Happened Since 2008, And It Is Causing The Housing Market To Crash

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by Michael This didn’t have to happen.  The reckless behavior of the Federal Reserve and our politicians in Washington created a horrifying inflation spiral, and now the Fed is feverishly raising interest rates in a desperate attempt to get inflation back under control.  But everyone knows that rapidly raising rates is going to absolutely crush … Read more

Biden Administration Has Approved $4.8 Trillion of New Borrowing & Budget Deficit (Mocking Taxpayers Bird??)

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by confoundedinterest17 The Biden Administration celebrated their irresponsible spending splurge on the White House lawn with boring singer James Taylor droning several tunes. But why is Biden celebrating driving up Federal debt by $4.8 TRILLION??? According to the Committee for a Responsible Budget (what a misnomer for insane-spending Congress and the Biden Administration), the Biden Administration has just approved … Read more

People Should Bookmark Pieces of Reporting Like This to Use in Court if They Are Ever Facing Federal Charges for Political Beliefs

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by Chris Black FBI whistleblowers are saying that the bureau is manufacturing white terrorism cases to mislead and defraud everyone. The modern FBI is the equivalent of the Bolshevik-era NKVD and it should be dismantled. FBI insiders say white supremacy threat overblown as Biden opens summit about racists, extremistshttps://t.co/n96v8LY8DT pic.twitter.com/Ss8FoIGnKC — The Washington Times (@WashTimes) … Read more

European retail stocks are on track for worst year since financial crisis as retailers aren’t able to fully pass their costs on consumers. They’ll blow up starting by October

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european retail stocks are on track for worst year since financial crisis as retailers aren't able to fully pass their costs on consumers they'll blow up starting by October pic.twitter.com/RcwS6diC1Z — Alessio (@AlessioTMAD) September 15, 2022 UK public inflation expectations at record high for coming year – BoE https://t.co/lmaxvbyb0g — Alessio (@AlessioTMAD) September 15, 2022

FBI “Office of Public Affairs” Has a New Propaganda Campaign Claiming They are Fighting Actual Crime

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by Chris Black Despite the claim, their anti-crime budget is smaller than their “counter-terrorism” budget. The FBI has describes terrorism as white men who criticize the powerful.  The FBI is also aggressively pursuing “civil rights” harassment of local police officers, which makes their job in fighting black violence impossible.  Just one recent example, the FBI … Read more

Biden Financial System Crash On September 25th Will Mean Death Of America

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Bo Polny interviewed on USA Watchdog by Greg Hunter Biblical cycle timing expert, geopolitical and financial analyst Bo Polny has made many spot-on calls in the last few years on USAWatchdog.com. Just a few include: Polny predicted a 35% drop in the stop market in early February of 2020, and the next month it crashed 38%. In late 2020, … Read more

Looking at the Economic Myth of the “Soft Landing”

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by Frank Shostak via Mises According to commentators, countering inflation requires monetary authorities to actively restrain the economy, with “experts” believing that higher interest rates need not cause an economic slump. Instead, they believe that the Fed cab orchestrate a “soft landing.” It is questionable, however. that a soft-landing scenario is possible. Money Printing Creates Economic Damage If … Read more

Still no recession? GDP consensus for Q3 is being revised down and looks set to drift below zero as September numbers go into the stats

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by silvertomars Over the four weeks through September 9, gasoline consumption dropped by 11.7% from the same four-week period in 2019. It was the steepest decline so far this year Yet inflation is still rising… I wonder what happens when consumption picks up again hmm Food inflation is still ripping… pic.twitter.com/qB1HCBUNFp — Andrew Sinclair, CFA … Read more

SPX 3200 in 4 weeks?

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Scott Minerd calls for the S&P 500 to drop 20% by mid-October, saying the bear market is intact https://t.co/CMWCmkryOh — CNBC International (@CNBCi) September 9, 2022 With inflation still raging, brace for a hard-landing recession as the Fed spikes interest rates further Consumer prices surged again last month — they’re now up 8.3% over last … Read more