On Wire

Breaking news, updates, and reports on current events.

Consumer Sentiment Remains Very Depressed (University of Michigan Sentiment Index Rises Slightly To A Depressed 51.5 While Buying Conditions For Housing Rose Slightly To A Depressed 47.0)

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by confoundedinterest17 “A recession is two quarters in a row of negative growth.” — President Clinton, Dec. 19, 2000 My former colleague at Deutsche Bank, Joe Carson, said recently that the US economy is not in a recession, but corporate profits are in a recession. While I cling to the traditional definition of recession (two consecutive quarters … Read more

Government “Stimulus” Schemes Fail Because Demand Does Not Create Supply

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by Frank Shostak via Mises By popular thinking, the key driver of economic growth is the increase in total demand for goods and services. It is also held that overall output increases by a multiple of the increase in expenditure by government, consumers and businesses. It is not surprising, then, that most commentators believe that through fiscal and … Read more

El-Erian: Will the Fed pivot or not?

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Bloomberg, Released on 7/29/22 Mohamed El-Erian, a Bloomberg Opinion contributor, says the “zip code” for the Federal Reserve to achieve its so-called neutral rate will be higher than this week’s 75-basis-point interest-rate increase achieved. “My own instinct is that the zip code for neutral is above where we are now — at least half a … Read more

Report: Mexico City Residents Allegedly Complain About Increasing Number of Americans Living There

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by Chris Black Now that Mexico and USA are equalized in almost every way, Mexico is cheaper, safer (!) and has nicer beaches, so Anglo whites are moving down there. Mexico City residents angered by influx of Americans speaking English, gentrifying area: report https://t.co/FAWAyrVL0u pic.twitter.com/lYCMIi9J86 — New York Post (@nypost) July 28, 2022

FBI Reclassifying Cases as “Domestic Violent Extremism” to Push Anti-White Narrative, Whistleblowers Claim

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by Chris Black This is a huge story. According to multiple FBI whistleblowers: 1) The FBI has a system of promotions and rewards for agents who target right-wing white men. 2) Most “domestic violent extremism” investigations have nothing to do with terrorism, but are falsely categorized as such to fill a political quota. 3) FBI … Read more

On The Modern Obsession With “Optics”

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by Chris Black You know who had great optics? Ronald Reagan. And Reagan could not be elected in today’s increasingly post-television media environment. Reagan was popular because he was great and likable on TV, but his actual policies polled poorly on their own. Today, people go on the internet and quickly look up what your … Read more

Massive Chinese Rocket In “Uncontrolled Descent” Expected To Crash Into Earth Within Days

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China’s largest rocket, the Long March 5B that delivered the Wentian laboratory module to the new space station, is expected to deorbit and fall back to Earth. The Aerospace Corporation’s Center for Orbital Reentry and Debris Studies (CORDS) said the Long March 5B is set for an uncontrolled descent into Earth’s atmosphere on Sunday (31 … Read more