On Wire

Breaking news, updates, and reports on current events.

Nobel Laureate Thaler Doesn’t See A Recession As Atlanta Fed’s GDPNow Tracker Slows To 1.38% For Q3 (Conference Board Leading Indicators At 0.0% YoY And Yield Curve Remains Inverted)

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by confoundedinterest17 University of Chicago economist and Nobel Laureate Richard Thaler says he doesn’t see anything that resembles a recession in the U.S. It used to be that economists would see two consecutive quarters of negative Real GDP growth and say “recession.” But apparently not economists like Thaler. But at least the Atlanta Fed’s GDPNow real GDP … Read more

Gold That Can Be Served Upon Rapidly Declining

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by Harvey Organ of Harvey Organ Blog //GOLD CLOSED UP $9.70 TO $1758.20//SILVER IS UP 21 CENTS TO $19.24//PLATINUM IS UP $9.19 TO $886.49//PALLADIUM IS UP $114.40 TO $2149.80//ICHINA RATIONS ENERGY AS BOTH TESLA AND NIO CHARGING STATIONS GO DARK//CHINA’S ECONOMY FALTERS CONSIDERABLY AS THE CPP INITIATES MORE STIMULI//UK: 1/2 HOUSEHOLDS IN FUEL POVERTY//FRANCE ALSO SOUNDS THE ALARM … Read more

Lois Lerner Lackey to head up new IRS Team

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“Guess who will be in charge of establishing the new centralized office? Nikole Flax, who worked for Lois Lerner during the IRS’ improper targeting of tea party groups during the Obama administration, is in charge of building the office” https://nationalfile.com/top-irs-scandal-conspirator-and-lois-lerner-henchwoman-to-head-up-the-irs-new-centralized-office/ so yes, it looks now like IRS will get targeting gun owners.   AC

Crisis2022: “With this much global debt accumulation, vulnerabilities in risk markets and crypto, fragilities in China’s property market, heightened geopolitical tensions, pandemic uncertainty, and sovereign credit risk in Europe, we’re not short of potential catalysts.”

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ANZ’s economists have labelled the New Zealand property market “a deflated bouncy castle”. In their latest Property Focus report, issued on Thursday, they said it was time for a “reality check” as house prices tumbled from the “ridiculously” and “giddying” high starting point of late-2021. They also profiled a number of risks that could send … Read more

Listening to European Electricity Traders Is Very, Very Scary: Keeping the lights on in Europe this winter may prove more difficult than governments are currently admitting.

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Every week, the people who trade electricity in the UK get to quiz the managers of the national grid for an hour. The conference call, which anyone can monitor, offers an insight into what the men and women on the front line of the power market are worried about. Listening to them is getting scarier … Read more

Biden’s Student Loan Forgiveness Bribe

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by Martin Armstrong While many are praising Biden for maintaining his campaign promise to cancel student debt, others are furious that the costs will be passed on to the taxpayers. Even Mitt Romney accused Biden of bribing voters before the midterms. “Biden’s student loan forgiveness plan may win Democrats some votes, but it fuels inflation, … Read more

Democrats really do despise their own voters.

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COLORADO: The Polis plan to make traffic even worse. Your car pollutes the most in stop-and-go traffic. It pollutes least when cruising the highway at a consistent speed. The solution to this pollution challenge is perfectly aligned with the solution to your anger with the car stuck in front of you — get that car moving … Read more

A now-former American Express employee has sued the credit card giant for firing him due to his being a White person.

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A former American Express employee on Tuesday sued the credit card company, alleging that he was fired because he is white and objected to the company’s “racially discriminatory” policies, Fox Business reports. Brian Netzel, who lost his job in 2020 after 10 years at American Express, filed a class-action complaint against the credit card giant. He … Read more

O, THE LOCKDOWNS DID THAT: Pandemic Triggers 89% Increase, $53 Billion, In Food Stamp Spending.

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Spending on food stamps has increased by $53.5 billion – an 89% increase – in the two pandemic years. By comparison, that’s how much the entire program cost in 2009 during the Great Recession. Spending on the U.S. Supplemental Nutrition Assistance Program grew 88.5% from $60.3 billion in 2019 to $113.8 billion in 2021. Spending … Read more

MIT researchers develop new low-cost aluminum-sulfur battery

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“Today’s lithium-ion batteries are still too expensive for most such applications and contain a flammable electrolyte. So researchers started looking for cheap, Earth-abundant metals that might be able to substitute for lithium. After a search and some trial and error, they settled for aluminum and sulfur as its two electrode materials, with an electrolyte of … Read more