On Wire

Breaking news, updates, and reports on current events.

One of the most prominent crypto hedge funds just defaulted on a $670 million loan

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by Boo_Randy That’s gonna leave a mark. https://www.cnbc.com/2022/06/27/three-arrows-capital-crypto-hedge-fund-defaults-on-voyager-loan.html Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating that the fund failed to repay a loan of $350 million in the U.S. dollar-pegged stablecoin, USDC, and 15,250 bitcoin, worth … Read more

Recession Rears Uglier Head Than Inflation

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by Peter Schiff of Peter Schiff Podcast · Dow Jones just did something it hasn’t done since the great depression. · Rates in the UK and Japan headed higher. · Weakness and volatility in crypto markets. · Government moves to ban Juul vapes. · Jerome Powell uses politics as an excuse. FULL SHOW NOTES AND LINKS HERE

Bidenomics: Business Leader Optimism Record Low… Gas Stations Now Hold $175 When Swipe… July 4: Food Prices Up as Much as 36%!

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  Business leader optimism hits record low amid soaring inflation, labor shortages Business leaders’ confidence in the outlook of the economy has plummeted over the past year according to JPMorgan Chase, which found that optimism among executives of mid-sized firms has reached a record low as soaring inflation and labor shortages continue to take a … Read more

A $2 Trillion Free-Fall Rattles Crypto to the Core (fools & their money are soon parted)

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by Boo_Randy True price discovery is not your friend, crypto baggies. https://finance.yahoo.com/news/2-trillion-free-fall-rattles-230033105.html (Bloomberg) — For a generation of alienated techies, crypto’s all-for-one ethos was its biggest draw. Now panic is spreading across this universe — and that same ethos is posing what may be the biggest threat yet to its survival. What started this year … Read more

There is Only One Likely Outcome Here… And You Can Profit From It!

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By Graham Summers, MBA Yesterday I noted that the Fed is completely delusional about engineering a “soft landing.” The reality is that the Fed has barely raised interest rates. As I write this rates are at 1.5%… while inflation as measured by the CPI is over 8%. And real inflation is likely much higher (CPI doesn’t accurately measure the … Read more

How 14 years of non-stop monetary market manipulation ends. BADLY.

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Financial risk indicators are now INVERSELY correlated to economic risk. The worse the economy becomes the more investors front-run just-in-time bailout. How 14 years of non-stop monetary market manipulation ends. BADLY. pic.twitter.com/4L5cfB3kO0 — Mac10 (@SuburbanDrone) June 28, 2022 EM vs HY BTD bro it’s cheap pic.twitter.com/lFADsJtYe4 — Alessio (@AlessioTMAD) June 28, 2022 In this case … Read more

ECB’s Pivot Toward Rate Hikes Feeds Fears of New Bond Crisis

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by Boo_Randy After 14 years of radical Keynesian monetary experiments, the charlatans at the central banks are starting to lose control. https://ca.finance.yahoo.com/news/ecb-pivot-toward-rate-hikes-040000036.html European Central Bank policy makers gather on a Portuguese hillside on Monday with the sinking feeling that their rush to tackle the inflation shock they failed to forecast risks both a recession and … Read more

Crypto Exchange CoinFlex to Issue Tokens After Withdrawal Freeze

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by Boo_Randy Seriously, baggies? You’d really fall for something like this? https://www.bloomberg.com/news/articles/2022-06-27/crypto-exchange-coinflex-to-issue-tokens-after-withdrawal-freeze?srnd=premium-middle-east&sref=ibr3A0ff Cryptocurrency exchange CoinFlex plans to raise funds by issuing a new token that will offer a 20% annual return, in an effort to resume withdrawals after a client failed to repay a $47 million debt. The platform said it will start to issue $47 million … Read more