On Wire

Breaking news, updates, and reports on current events.

Slowing! Home Price Growth Slows To +17.3% YoY As PMI Dropping Towards Contraction And Mortgage Payments Rise 62.3% YoY

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by confoundedinterest17 The US economy is slowing. Sort of like Joe Biden sprinting from the Marine Helicopter to The White House. The Black Knight Home Price index is showing YoY home price growth slowing to +17.3% YoY … which is still really high. And according to Zillow, mortgage mortgage payments are up 62.3% YoY. Today’s PMI … Read more

Russia Says It Can’t Help With Nord Stream Gas Turbine Repairs

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By Tsvetana Paraskova There is little Russia can do to help with repairs of equipment at Nord Stream compressor stations, according to Kremlin spokesman Dmitry Peskov. The situation with the necessary repairs needs to be resolved, but Russia can do little in this regard, Peskov told Russian reporters on Monday. The Kremlin doesn’t have anything to add … Read more

Australia May Limit LNG Exports Amid Domestic Gas Shortage

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By Irina Slav Australia is again facing a domestic gas shortage because of excessive exports, and the Australian Competition and Consumer Commission is warning that the government must impose limits on LNG exports to secure local supply. This warning follows a decision by the Australian Energy Market Operator to activate a supply guarantee mechanism that was set … Read more

Private Companies On Edge As Kyrgyzstan Takes Control Of Canadian-Owned Mine

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By Eurasianet Private mining companies are on edge as Krygystan looks to consolidate the industry. A decades-long legal saga between Kyrgystan and Canadian-based Kumtor Gold Company has ended with the government taking control of the private mine. Industry observers worry that Kyrgyz authorities are itching to drive out yet more private mining companies. In the … Read more

Schumer/Manchin Bill With $327 Billion In New Taxes Could Cause Further Recession And Increase Taxes On Americans Making Under $400,000 (US 10Y-2Y Yield Curve Further Inverts)

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by confoundedinterest17 The spendiholics in Washington DC (aka, Biden and Congress) have passed yet another inflationary legislation, this time the sadly misnamed “The Inflation Reduction Act” since it will likely lead to a furthering recession of the US economy. Well, that is one way to reduce inflation: cause a recession and job loss. From the Wall Street Journal: An … Read more

‘Whole World Is A Banana Republic’

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Via Greg Hunter’s USAWatchdog.com, A few months back, precious metals expert and financial writer Bill Holter predicted the economy was going to tank, and today, the U.S. is officially in a recession. Holter says it’s not just America buckling under enormous debt, but the entire world.  Holter explains, “This is only the start…” “They are trying to debate … Read more

Chicago Mother Loses Custody of Her Daughter — For Insisting That Her Daughter Is A Girl…

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https://youtu.be/ymep03QL5-4 Jeannette Cooper never imagined she’d lose custody of her child. The 44-year-old lifelong educator always considered herself a loving and responsible mother to her daughter Sophia. But when, at age 12, Sophia suddenly claimed to be transgender, Jeannette was skeptical. Sophia had never exhibited signs of gender dysphoria. In fact, Sophia exhibited many more … Read more

Unrelenting inflation is driving up costs, leaving more Americans living paycheck to paycheck

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With no break in sight for rising prices, nearly two-thirds of all Americans are living paycheck to paycheck, according to a recent report. Even top earners say they are stretched thin, the report found. Over one month, average savings dropped from $11,274 in May to $10,757 in June. https://www.cnbc.com/2022/08/01/as-inflation-surges-more-americans-are-living-paycheck-to-paycheck.html New York Times columnist and Nobel … Read more

SEC charges eleven individuals in $300 million crypto pyramid scheme… Crypto clients beg for their cash back after lender’s crash

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by Boo_Randy Alleged Fraudulent Blockchain Scheme Spanned Multiple Countries Including U.S., Russia FOR IMMEDIATE RELEASE 2022-134 Washington D.C., Aug. 1, 2022 — The Securities and Exchange Commission today charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million from millions of … Read more

Jimmy Dore: They’ll never admit they were wrong!

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The Jimmy Dore Show, Released on 7/29/22 The Jimmy Dore Show is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. The show is also broadcast on Pacifica Radio Network stations throughout the country. Jimmy Dore is a stand-up comedian, political commentator, host … Read more

Europe is doomed

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Translation from German: “This escalator is NOT defective. This escalator is currently contributing to climate protection and reducing energy consumption. Please use another escalator or elevator.” 🤡 Europe is doomed. pic.twitter.com/3EargFo81y — Dr. Eli David (@DrEliDavid) July 31, 2022 The worst Retail Sales trend since the re-unification of Germany 🇩🇪.. Down 8.8% since a year … Read more

German broker Comdirect says that the DTCC told told their despository (aka Clearstream) that the splividend should not be treated as a dividend but as a regular stock split. (More inside)

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by ronk99 This info comes from the following thread in Comdirect support forums: https://community.comdirect.de/t5/Wertpapiere-Anlage/GameStop-Dividend-Split/m-p/245619/ First of all, as a cherry on top, this quote from earlier in the same thread: “Der Aktiensplit in dieser Gattung ist so richtig und es wird hier kein Storno erfolgen bzw. notwendig sein. Die im Markt kursierenden Gerüchte es handele sich … Read more