On Wire

Breaking news, updates, and reports on current events.

The U.S. Economy Is Starting To Slow Down Dramatically

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https://youtu.be/KQKPS4bNrII The pace at which economic conditions are deteriorating is shocking the experts. Just a few months ago, authorities were saying everything was under control and things would soon start improving again. But since the start of 2022, a major shift has taken place. Most of the headlines have been about the highest consumer prices … Read more

Powell about inflation

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“Weekly Inflation Outlook: Time To Be Wrong More Slowly” “We’ve lived in that world where inflation was not a problem. I think we understand better how little we understand about inflation.” http://www.investing.com/analysis/weekly-inflation-outlook-time-to-be-wrong-more-slowly-200626637

Chinese real estate crisis is coming…

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https://www.cnn.com/2022/07/04/economy/chinese-developer-shimao-default-intl-hnk/index.html Another Chinese real estate investment missed payment. So just how bad is this. I mean, evergrande seem to have fall out of news for no reason. People have been predicting Chinese real estate collapse for over a decade. Now for some context, in that time, chinas economy has continued to grown to the envy … Read more

Car Driven by Latest BLM Martyr Allegedly Involved in “Felony Fleeing Police Chase” Day Before He Was Shot by Police

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American News Jul 4, 2022 1:44 PM EST “Officers were aware that the same vehicle Mr. Walker was driving that morning was involved in a felony fleeing police chase in Franklin Township the previous morning,” wrote the Akron FOP. The Akron Fraternal Order of Police Lodge #7 released a statement on Sunday following the fatal … Read more

The S&P 500 SPY might bottom out at about -40%?

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by predictany007 Michael Burry, the founder of Scion Asset Management who was made famous by Christian Bale in the movie “The Big Short,” said on Twitter that the first half declines in equity markets this year were “multiple compression” and following this will be earnings compression. https://www.bloomberg.com/news/articles/2022-06-30/scion-s-burry-thinks-we-may-be-about-halfway-through-market-fall?srnd=premium ‘The Big Short’ investor Michael Burry who predicted … Read more

Farmers in the Netherlands protesting and putting up blockades…

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by whitewidow110 Closing ports, distribution centers, Msm building (Nos), highways and city’s, this is not only today they say, they will keep going.. farmer protests in the netherlands causing empty shelves oof #boerenprotest pic.twitter.com/XFoJuY9b4h — 🍂jon✨/ 💙💛 (@eurotrashjon) July 4, 2022 https://twitter.com/robhonig/status/1543991404665470977 https://twitter.com/Boeren_Twente/status/1543988864120983553 Only #boerenprotest can do #NationalShutdown vo you ur going 4 looting pic.twitter.com/0fPqovIFG3 … Read more

We are to believe that the LARGEST asset bubble in human history will require the LEAST amount of Fed rate buffer and will be a soft landing. You have to be brain dead to believe that, hence it goes largely unquestioned.

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by BoatSurfer600 Who’s gonna tell him….LOL pic.twitter.com/p267nFZV3k — PlungeProtectionTeam (@gamesblazer06) July 4, 2022 Commodities continue to show concern about a global slowdown… Chart: ⁦@RealAlpineMacro⁩ pic.twitter.com/n6hbunBwBB — LongConvexity (@LONGCONVEXITY) July 4, 2022 "Iron ore prices have slipped for 3 straight wks, w/the decline reflecting an evaporation in confidence over #China's economic #stimulus, which in turn threatens … Read more

Chinese property developer Shimao misses repayment on $1 billion bond.

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HONG KONG (Reuters) – Chinese property developer Shimao Group has missed the interest and principal payment of a $1 billion offshore bond due on Sunday, in the latest blow to China’s embattled property market. The non-repayment was the first missed public offshore payment for the Shanghai-based developer. With an outstanding $6.1 billion international bonds, Shimao … Read more

U.N. Says Joe Biden’s Border Is ‘Deadliest Land Crossing in the World’

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(Breitbart) President Joe Biden’s border with Mexico is the deadliest land crossing in the world, according to a United Nations group, the International Organization for Migration. “More than 1,238 lives have been lost during migration in the [north, central and south] Americas in 2021, among them at least 51 children,” said the group’s July 1 … Read more

Chicago’s bloody holiday weekend continues: 54 people shot, 7 dead since Friday evening

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(FOXNEWS) Violence in Chicago continues to escalate over the long July 4th weekend, with 54 people shot, 7 of them fatally. The weekend kicked off with 22 people shot, four fatally, within the span of 20 hours on Friday. Violent encounters with police also popped up throughout the weekend, with Chicago Police Superintendent David Brown … Read more

4th July RIOTS: Akron mayor issues state of emergency, Curfew, Tear Gas

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Akron Mayor Dan Horrigan has declared a state of emergency in the city He canceled 4th of July festivities and issued a 9 p.m. city-wide curfew The emergency order was prompted after violent protests downtown Sunday Horrigan said officials ‘will not tolerate the destruction of property or violence’  Activists were protesting the shooting death of 25-year-old … Read more