On Wire

Breaking news, updates, and reports on current events.

US Gasoline Tops $5 (Highest In History), 2Y Treasury Yields Soaring, Mortgage Rates Highest Since 2008 (Inflation Tax Costing Households $5,200 More YoY)

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by confoundedinterest17 Up, up and away in our inflationary balloon! Regular gasoline prices have breached the $5 a gallon barrier, the highest in recorded history. And it is even worse in states like California where regular gas prices have been above $7 per gallon. Bankrate’s 30-year mortgage rate is now 5.78%, the highest since 2008. And … Read more

Charted: The Global Decline of Fertility Rates

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by visualcapitalist Over the last 50 years, fertility rates have dropped drastically around the world. In 1952, the average global family had five children—now, they have less than three. This graphic by Pablo Alvarez uses tracked fertility rates from Our World in Data to show how rates have evolved (and largely fallen) over the past decades. What’s The Difference … Read more

Bill Maher buries NYT for burying Kavanaugh assassination attempt: ‘They wear their bias on their sleeves’

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(FOX NEWS) “Real Time” host Bill Maher lambasted The New York Times over its weak coverage of the assassination attempt of Supreme Court Justice Brett Kavanaugh. Earlier this week, a man named Nicholas John Roske was arrested outside the justice’s home carrying a gun and a knife. He admitted to police that he had traveled … Read more

Los Angeles Gas = $6.50 a Gallon

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Southern California gas prices continued to soar Friday, with the average price of a gallon of regular in Los Angeles County climbing to $6.445, a new record for the area, according to the American Automobile Assn. The increase marked the county’s 14th consecutive record-setting day, leaving average prices about 17 cents higher than one week … Read more

Michael Burry: “The CPI news this morning was so awful the weakest sector broke. In bond jargon, MBS went no-bid. No buyers for MBS.

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View post on imgur.com Cassandra B.C. @michaeljburry Transitory, no. Peak, no. To the moon? If you mean a cold dark place. “The CPI news this morning was so awful that it changed the bond market’s view of Fed trajectory, and the weakest sector broke. In bond jargon, MBS went “no-bid.” No buyers for MBS.” https://www.cherrycreekmortgage.com/lous-credit-news … Read more

UK petrol prices aren’t just high, they’re rising at the fastest rate in 17 years. Some folks can’t afford to travel to work.

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🇬🇧⛽️ UK has the second-highest petrol prices in the G20 — only French pay more. – UK petrol prices aren’t just high, they’re rising at the fastest rate in 17 years. – US drivers also face their highest gas prices on record, but still pay only about 60% of what the British do. https://t.co/K8klv7CpT8 pic.twitter.com/NsA9NfUmhX — PiQ (@PiQMarkets) June 12, 2022 Your … Read more

Druckenmiller: “2 undefeated records are: 1. once inflation gets above 5%, it’s never come down unless fed funds have gotten above the CPI”

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Druckenmiller: "2 undefeated records are: 1. once inflation gets above 5%, it's never come down unless fed funds have gotten above the CPI" David Einhorn: "…to defeat inflation, you need positive real interest rates in 1980 Volcker raised rates to 19% to combat 14% inflation" https://t.co/nEtZCOn75a — The Transcript (@TheTranscript_) June 11, 2022 https://twitter.com/conspiracyb0t/status/1535967542597910528 https://twitter.com/WallStreetSilv/status/1535985273988730880 … Read more

Google Owes $500,000 for NOT Censoring Videos Criticizing a Politician

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by Simon Black Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Australia Orders Google to Pay Over $500,000 for Not Removing Video Throughout 2020, YouTuber Jordan Shanks posted videos making fun of the Deputy Premier … Read more