On Wire

Breaking news, updates, and reports on current events.

No Recession? All Of A Sudden Yield Spreads Are Collapsing

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By Lance Roberts No recession. That was the recent declaration from Treasury Secretary Janet Yellen, noting that consumer spending, industrial output, credit quality, and other indicators don’t suggest economic risk. “You don’t see any of the signs. A recession is a broad-based contraction affecting many sectors of the economy. We just don’t have that. We’ve cut … Read more

Worldwide Inflation in June 2022

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by Martin Armstrong There is a common misconception that the United States has the highest rate of inflation in the world. I see it questioned in numerous emails The United States does have a major problem when it comes to inflation, but its currency has not depreciated to the point where it is weak. Let … Read more

China’s $1 trillion ‘artificial sun’ fusion reactor just got five times hotter than the sun

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https://www.livescience.com/chinas-1-tri…an-the-sun The experimental fusion reactor could help to unlock near limitless clean energy. China’s “artificial sun” has set a new world record after superheating a loop of plasma to temperatures five times hotter than the sun for more than 17 minutes, state media reported. The EAST (Experimental Advanced Superconducting Tokamak) nuclear fusion reactor maintained a … Read more

Chinese youth appear to be rejecting a life and work culture

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https://www.insider.com/disenchanted-chi…lat-2021-6 “8 a.m. means it’s time to lie down,” Zhang told Insider. “Though I don’t have a job to go to, so I can lie down anytime. It’s great.” Zhang is a Chinese millennial who has joined the ranks of a social movement called 躺平主义 — the “lying flat movement.” It’s a mindset, a lifestyle, … Read more

What’s Truly Important? The Global Revaluation Is Accelerating

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by Charles Hugh-Smith How much gold will you trade for a few eggs? It depends on how hungry you are. Two ideas will help us understand the rest of this tumultuous decade: core-periphery and the revaluation of what’s truly important: systemic adaptability, transparency, accountability, risk, capital and resources. I recently discussed the core-periphery model in a … Read more

Question Everything

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Via International Man by Jeff Thomas The average person in the First World receives more information than he would if he lived in a Second or Third World country. In many countries of the world, the very idea of twenty-four hour television news coverage would be unthinkable, yet many Westerners feel that, without this constant … Read more

Top Economist Says Hopes for a Mild Recession are ‘Delusional’ – Severe Financial Crisis Ahead

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“Recession indicators are ringing and key commodities have plunged into a bear market, signaling a downturn may be on the horizon. And Nouriel Roubini dismissed hopes that an incoming recession will be shallow. The famed economist, who called the 2008 financial crash, told Bloomberg that the economy is headed for a severe recession as well … Read more

Even top Obama Economic Adviser Larry Summers TANKS Biden like the Titanic over looming Recession, Stagflation— BRUTAL.

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Even top Obama Economic Adviser Larry Summers TANKS Biden like the Titanic over looming Recession, Stagflation— BRUTAL. pic.twitter.com/6Ov77G8mSz — Benny Johnson (@bennyjohnson) July 25, 2022 pic.twitter.com/TZEBxi1kAF — The_Real_Fly (@The_Real_Fly) July 25, 2022 I don't know whether we're in a technical recession or not, but a simple indicator like the Misery Index shows that, regardless of … Read more

This economy is shitting the bed harder than most understand or are willing to accept…

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This economy is shitting the bed harder than most understand or are willing to accept. WMT cuts guidance – revenue growth ex-gasoline is badly lagging the CPI inflation rate. And then there's this: pic.twitter.com/tF0j1sPk4j — Dave Kranzler (@InvResDynamics) July 25, 2022 The tightening standards of EU banks can be seen in the US as well. … Read more

All-domain Anomaly Resolution Office: “Welcome to the official Twitter account for the All-domain Anomaly Resolution Office. Through this channel

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As we grow the Office, begin building upon the previous @deptofdefense efforts in this area, and communicate with Congress, we will provide updates on our progress here. This is an exciting and intellectually stimulating opportunity for us here at AARO. — All-domain Anomaly Resolution Office (@DoW_AARO) July 20, 2022   h/t dr0id

Disinfo Board Redux: Former Google ‘Disinformation’ Expert Given Top White House Cyber Role

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The White House’s Office of the National Cyber Director has a new Deputy National Cyber Director: Camille Stewart Gloster, a former Google executive who specialized in removing “disinformation” from the tech giant’s app store, and in her spare time rants about “systemic racism” in America. In a tweet, Sen. Josh Hawley (R-MO) accused the Biden administration … Read more