On Wire

Breaking news, updates, and reports on current events.

This is the perfect environment for a collapse – Everyone is not hedging, everyone keeps calling a pivot bc of a recession and everyone is buying gold/BTC

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This is the perfect environment for a collapse Everyone is not hedging, everyone keeps calling a pivot bc of a recession and everyone is buying gold/BTC — Alessio (@AlessioTMAD) July 22, 2022 https://twitter.com/WallStreetSilv/status/1550639330011537415 Michael Burry has just said: pic.twitter.com/zASZMFB9R4 — unusual_whales (@unusual_whales) July 22, 2022 A story in three parts. pic.twitter.com/wu8KI4qC5c — unusual_whales (@unusual_whales) July … Read more

NY Times columnist admits he was wrong about Trump supporters, says Russian collusion story was a hoax

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The New York Times published a series of op-eds by its opinion columnists Thursday that began with the phrase “I Was Wrong About.” As part of the collection, Bret Stephens admitted he was wrong to label Trump supporters “appalling.” Stephens said, “The worst line I ever wrote as a pundit” was the first he ever … Read more

CEO of Chinese real estate giant #Evergrande resigns.

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Siu Shawn, an executive director at the company, will take over, according to a statement Friday, which added that Chief Financial Officer Pan Darong was also forced to resign. Evergrande had been investigating how 13.4 billion yuan ($1.99 billion) of its deposits were used as security for third parties to obtain bank loans, which some … Read more

Man Tries to Stab New York GOP Candidate During Speech, Arrested Then Immediately Released

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A man who allegedly attacked Rep. Lee Zeldin, R-N.Y., with a sharp object at a campaign stop in Perinton, New York, Thursday evening was charged with a felony and released from custody within hours of his arrest, the Monroe County Sheriff’s Department said. The suspect, identified as David G. Jakubonis, 43 of Fairport, N.Y., was … Read more

As the Global Economy is About to Collapse

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The global economy is about to crash into a synchronized recession. The preliminary factory and services data validate the global economy is flipping from expansion to contraction, and the yield curve is further validating a recession is coming. Don’t ask policymakers, who don’t think these warnings mean anything.