On Wire

Breaking news, updates, and reports on current events.

Recession not likely is the new “inflation is transitory”

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by CoronaEraXpertTrader Unpopular Opinion: Recession not likely is the new “inflation is transitory” The official Whitehouse definition of recession was recently altered and changed to prepare for the impending negative GDP print later this week, which would, according to traditional well agreed upon definition of “recession”, confirm we are infact in one. Recession: a period … Read more

Bill Gates Conspiracy Theories are Retarded

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by Chris Black And so are you if you believe in any of them. Bill Gates owns 242,000 acres of American farmland, out of a total of 915 million acres. That’s 0.0264%. Let’s just say for the sake of argument that’s false, my numbers are wrong, I’m running cover for Bill Gates, let’s instead suppose … Read more

Sri Lanka Implements Digital ID Fuel Rationing:

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by Chris Black “The policy was introduced by the Sri Lankan Minister of Power and Energy, Kanchana Wijesekera, at the behest of Sri Lanka’s new President Ranil Wickremesinghe — a member and agenda contributor of the World Economic Forum (WEF).” — https://archive.ph/GlOX4#selection-653.0-657.35    (https://archive.ph/GlOX4#selection-653.0-657.35) Introduction to the National Fuel Pass will be held @ 12.30pm. … Read more

I Never Use the Terms “Civic” and “Ethno” Nationalism

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by Chris Black ‘Nation’ is synonymous with “ethnic group,” defined as a group of people united by common ancestry, culture, and language. But ‘nation’ is NOT synonymous with “state” (a political entity) or “country” (a territory). So, “ethno” nationalism is a pointless tautology. It’s like saying “natio-nationalism.” And by definition a multi-racial conglomeration is not … Read more

Walmart stock sinks 8% afterhours and confirms recession with lowered guidance

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Inflation is ‘requiring more markdowns to move through the inventory, particularly apparel,’ massive retailer says while lowering profit forecast Shares of Walmart Inc. sank more than 8% in after-hours trading Monday after the retail giant lowered its profit forecast, disclosing that inflation has required the company to conduct more markdowns. Executives now expect adjusted earnings … Read more

Recession deniers need to wake up! The ultrapro short QQQ ETF registered the biggest inflow since inception; Earnings estimates are getting slashed the most since 2020

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The Chicago Fed National Activity Index "unexpectedly" sank to -.19 in June, its lowest level since Feb. The estimate was for .05. The prior month was also revised down from .01 to -.19. My guess is that June will be revised lower next month. #Recession deniers need to wake up! — Peter Schiff (@PeterSchiff) July … Read more

Most Americans Think Government Is Corrupt, a Third Say Armed Revolution ‘May Be Necessary’ Soon

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Another sign of growing discontent in America? A new poll from the University of Chicago’s Institute of Politics finds a majority of Americans think the government is corrupt and stacked against them. To probably no one’s surprise, 73 percent of poll respondents who identify as “strong Republican” respondents agreed with the statement that the government is “corrupt and … Read more