On Wire

Breaking news, updates, and reports on current events.

Famed investor sees the stock market ‘tragedy’ when ‘superbubble’ bursts. The stock market could retest its June low over the next few weeks on recession fears

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via nypost: Despite a summer rally, the US stock market is still an unprecedented “superbubble” that will cause financial “tragedy” for investors when it bursts, according to famed investor Jeremy Grantham. Grantham, the co-founder of asset management firm GMO in Boston, said the current superbubble is entering its “final act” due to deteriorating economic conditions. … Read more

Wolf Richter: Runaway Inflation in the Eurozone, which Kicked Off in mid-2021, Sets New Record, Wakes Up even Ridiculously Reckless ECB

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via WOLF STREET: Inflation in the Eurozone jumped to 9.1% in August, a new record in the Eurozone data going back to 1997, according to preliminary data released today by Eurostat. It topped out at 25.2% in Estonia. Germany hit at a record 8.8%. This spike of inflation started suddenly in early 2021, after years of ECB money-printing … Read more

Chad Pergram: “Dems win second special election in August, flipping a seat from red to blue.” Pelosi Celebrates.

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Dems win second special election in August, flipping a seat from red to blue. Democrat Mary Peltola wins Alaska House special election to succeed late GOP AK Rep Don Young. Peltola defeats Republican & fmr GOP VP nominee Sarah Palin. — Chad Pergram (@ChadPergram) September 1, 2022 A) Pelosi: Congratulations to Congresswoman-elect Mary Peltola on … Read more

TheDailyBeast: Tim Pool Using Music to Lure People into His Right-Wing World; Tim Pool: “leftist music is called ‘lockstep’ because they march in lockstep with major corporations and the government

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leftist music is called "lockstep" because they march in lockstep with major corporations and the government — Tim Pool (@Timcast) August 31, 2022 All is not what it seems, especially when it comes to Tim Pool. Host @willsommer and @AndrewKirell discuss his new song, which they think he’s using to lure people into his right-wing … Read more

The California bill literally replaces science with consensus.

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The California bill literally replaces science with consensus. pic.twitter.com/1qTJ9yjjJg — Phil Kerpen (@kerpen) August 31, 2022 What's most interesting about the California law is that it's not enough for misinformation to be false — it must also be contrary to consensus. So the anti-schoolers, child-maskers, long COVID grifters, etc. are protected. — Phil Kerpen (@kerpen) … Read more

Don’t fight the Fed advice

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by BlazingJava With so many people trying desperately holding on to any good news lately, remember don’t fight the fed and don’t fight the trend. If jobs number is good the fed will take it as a sign there’s more room to increase rates. If GDP grows or stagnates they will take it as a … Read more

Dem mayor lashes out after border state begins bussing illegal migrants to new sanctuary city

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Two buses carrying migrants from Texas arrived in Chicago on Wednesday night. The buses arrived at Chicago’s Union Station at around 7:30 p.m., carrying migrants who crossed the southern border illegally. An estimated 80 to 100 people were on the buses, including 20 to 30 small children. Many of the migrants said they were from … Read more

U.S. democracy is on the verge of COLLAPSE, majority of voters say: Democrats and Republicans are united in their fears, says new poll

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New poll reveals that Democrats and Republicans agree democracy is in danger Details were released ahead of a major Joe Biden speech on the issue Quinnipiac University surveyed 1584 adults last month More than two thirds said they believed democracy was under threat That included 72 percent of Democrats and 70 percent of Republicans Quinnipiac … Read more

Chris Wray’s ARRESTS Kellye SoRelle Attorney for Stewart Rhodes Less than ONE WEEK after She Agreed Testify

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The FBI arrested Attorney Kellye Sorelle on Thursday morning after she secretly told attorneys for Oath Keepers founder Stewart Rhodes that she would testify in defense of Stewart. Nopes founder Enrique Tarrio, Bianca Gracia, the co-founder and president of Latinos for Trump Organization, attorney Kellye SoRelle and Oath Keepers founder Stewart Rhodes on January 5, … Read more

Starbucks sued for discrimating against white job applicants – states that 48.2% of its workers are BIPOC

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The American Civil Rights Project (ACR) is filing a lawsuit against Starbucks CEO Howard Schultz and the company’s directors ACR argues that Starbucks discriminates against white applicants in its hiring practices by prioritizing a “diverse” workforce which violates both state and federal laws “Clearly, Starbucks wants to hire and promote people on the basis of … Read more