On Wire

Breaking news, updates, and reports on current events.

The Fed-created wild drooling “investors” have learned nothing & huge comeuppance is ahead. The version 2.0 of The Big Short begins…

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Steepest yield curve inversion I've ever seen. pic.twitter.com/CEY0bfrQyi — Financelot (@FinanceLancelot) August 10, 2022 This "buying all dips" nonsense (Micron only down $1.50) on epic horror show ahead – greatest glut in 4 decades I've followed semis… & the return to ridiculous "meme" stock buying – prove the Fed-created wild drooling "investors" have learned nothing … Read more

Consumer price increase is “Only” 8.5% this month, and we’re supposed to be happy about it?

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🚨BREAKING🚨 CPI comes out at 8.5%, estimated 8.7% — unusual_whales (@unusual_whales) August 10, 2022 When the stock market rises 2% after inflation comes in at 8.5%, you know the system is broken. We are truly trading in a historic time which will be referenced for decades to come. — The Kobeissi Letter (@KobeissiLetter) August 10, … Read more

The U.S. Government: The Information Is Classified as Above Top Secret, We Can’t Name the Agencies Involved

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Every “But her emails” hat or shirt sold helps @onwardtogether partners defend democracy, build a progressive bench, and fight for our values. Just saying!https://t.co/4TiUxjmRNY pic.twitter.com/rflM8fTAbw — Hillary Clinton (@HillaryClinton) August 9, 2022 View post on imgur.com https://www.nbcnews.com/news/us-news/hillary-clinton-emails-contained-info-above-top-secret-ig-n499886 View post on imgur.com https://www.politico.com/story/2016/01/hillary-clinton-email-server-top-secret-217985 h/t dr0id

Just a video of Justin Bieber Goosestepping on stage in Finland…

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Justin Bieber, who's apparently still a thing, decided to goose-step and do a sieg Heil at a concert in Finland yesterday. The Conference of European Rabbis denounced his actions and demands an explanation. Will he repeat the performance when he comes to Israel this fall? pic.twitter.com/CtIoIgZl7T — Judah Ari Gross (@JudahAriGross) August 10, 2022 h/t … Read more

US July Inflation Remains Hot (CPI At 8.5% YoY) While Real Weekly Wage Growth Remains Burned (-3.6% YoY) Mortgage Refi Apps Down -82% YoY While Mortgage Purchase Apps Down -19% YoY)

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by confoundedinterest17 The US July inflation report remains hot, hot, hot! While mortgage purchase and refinancing applications are not, not, not. The US consumer price index rose 8.5% in July. And real average weekly growth remains burned by horrid inflation, at -3.6% YoY. Data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending … Read more

Domino’s Pizza Leaves Italy After Surprisingly Surviving There for Seven Years

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Just seven years after making its debut in Milan, Domino’s Pizza is saying arrivederci to Italy. The fast food giant closed the last of its 29 stores on the Italian Peninsula after struggling to gain a foothold in the country, Bloomberg reports, with locals proving to be difficult to win over for the American chain. The company’s exit … Read more

Biden Admits He Doesn’t Know What’s In The Inflation Reduction Act

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President Biden is being criticized for appearing to admit he has no clue what is in Democrats’ massive Inflation Reduction Act, which will actually increase inflation and devastate the economy. “What we’re doing today, what we passed yesterday, helping to take care of everything from health care to God knows what else,” Biden admitted in Kentucky … Read more

Papa John’s Founder: Company Has Abandoned Conservative Values, Prompting Sales to Fall

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The founder and former chairman of Papa John’s, John Schnatter, has said that the pizza chain has abandoned the “conservative values” he built it on and is losing customers as a result. Schnatter made the comments in an interview with the Right Side Broadcasting Network at the Conservative Political Action Conference (CPAC) in Dallas, Texas, on Aug. 4. The former CEO said that “truth … Read more