On Wire

Breaking news, updates, and reports on current events.

Euro-zone inflation is breaking record after record… Inflation forces almost half of Germans to rein in spending

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Euro-zone inflation is breaking record after record, but the gap between the highest and lowest rates among the currency bloc’s 19 members has also jumped to its widest ever (via @zschneeeweiss & @whorobin) https://t.co/PsWyZP45XW pic.twitter.com/K2QttZBvWa — Bloomberg Economics (@economics) June 2, 2022 Inflation forces almost half of Germans to rein in spendinghttps://t.co/g8e7OjLFWq via @jrandow pic.twitter.com/27L8GuENUl … Read more

Probability of a U.S. recession has risen to highest since February 2007; “Hiring freeze” announcements jumped in May.

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Probability of a U.S. recession (based on 2s10s yield curve per @Economics) has risen to highest since February 2007 pic.twitter.com/SbyzLLspJh — Liz Ann Sonders (@LizAnnSonders) June 2, 2022 The number of news articles mentioning “hiring freeze” jumped in May. pic.twitter.com/bL1fOKorqF — (((The Daily Shot))) (@SoberLook) June 3, 2022 Mortgage rates are up, and so is … Read more

Russia Just Restricted The Export of Industrial Gases Like Helium/Neon/Argon! 30% of World Production!

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https://twitter.com/AZmilitary1/status/1532107299564793861 https://twitter.com/AZmilitary1/status/1532107303679414275 #semiconductors #supplychains >> Russia limits exports of noble gases, a key ingredient for making chipshttps://t.co/nUYMDLxJYL pic.twitter.com/W5M2QBfXlx — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) June 3, 2022 h/t Flying Elvii

NPR: Are we entering a recession?

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Welp, looks like they’ve jumped off the Joe Biden train. —————- it’s being whispered and murmured about. The president is facing questions about it. Business leaders and investors are already bracing for it. The specter of recession is once again rearing its monstrous head. It’s feasible that the economy could chug along without any bumps … Read more

Report: India is Buying Up Cheap Sanctioned Russian Oil and Selling it to the U.S. and E.U. at Huge Profits

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(InformationLiberation) India is buying up cheap sanctioned Russian oil, refining it, then selling it to the US and EU for huge profits, according to a report in the Wall Street Journal. The US has reluctantly given India permission to buy Russian oil because India has threatened to ditch their alliance with the America and ally … Read more

Next Up: Eggs $1.00 / each

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Get Ready for $1 Per Egg: USDA Forecast Predicts Highest Food Inflation Since 1980 https://pjmedia.com/news-and-politics/stacey-lennox/2022/06/01/usda-forecast-predicts-highest-food-inflation-since-1980-get-ready-for-1-per-egg-n1602498 The price of eggs increased 10.3% in April. The UDSA predicts an increase between 19.5% and 20.5% year over year in 2022. That could mean $1.00 an egg. Poultry prices will rise as much as 9.5%. The current projections are … Read more

Almost 60% of Americans blame Biden for inflation. MEANING THE OTHER 40% ARE RETARDED

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Twenty-five percent of Americans are considering pushing off retirement due to inflation, which is up 8.3 percent  Nearly 60 percent of Americans said inflation has ‘majorly impacted’ their savings and many are changing their spending habits to cope  Forty-two are choosing cheaper brands at the grocery store and putting back nonessential items, like snacks  Over … Read more

Save 20% on gas for anyone shopping at Publix.

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by Remedial_Rebel If you spend $50 or more at Publix, you can get a prepaid gas card value of $50 for $40 with the following coupon. get it at checkout, they have different gas corps, Shell, Exon, etc. It’s a printable coupon. https://www.publix.com/savings/weekly-ad?path=printlistingdetail%2F-2025317118&storenum=00102 Note the effective date, June 2nd to June 5th. They don’t always have … Read more

Small Business Payrolls Collapse in New ADP Report for May, Total Employment Result Far Below Expectations

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by sundance  You do not need anyone to affirm that Main Street is in trouble, you can see it all around you.  Inflation is crushing blue-collar and white-collar workers as prices continue to rise on essential goods. Consumer spending is now prioritized around the higher cost of housing, energy, gasoline and food.  Family earnings are spent … Read more

The Index Fund of Misery

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by OldEffective9726 The sectors: dollar store, coz people will be poor pharmaceutical companies, coz of diseases going rampant game rental companies, coz people so poor they cant buy games only to rent or exchange rental real estate, coz people wont be eligible for a mortgage online conference, coz companies have no money for business travel … Read more

Sydney’s house price crash has arrived

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by Boo_Randy The central bankers’ insane housing bubbles are starting to burst. Trillions in fake “wealth” created by the tsunami of central bank funny money is going to be vaporized. https://www.macrobusiness.com.au/2022/06/sydneys-house-price-crash-has-arrived/ The latest data suggests that Sydney’s house price crash has begun. CoreLogic’s daily dwelling values index has Sydney leading the nation’s dwelling downturn with … Read more

Biden CAUGHT Off Guard When Reporter Catches Him With The Question That Exposes It All

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https://www.youtube.com/watch?v=oVGGVHJrZSg Gary Franchi From NextNewsNetwork.com reports, On Wednesday, Joe Biden admitted to not taking the baby formula problem seriously enough when it first happened and got visibly caught off guard when asked about the timeline of his response to the crisis. His remarks came after a meeting with formula manufacturers.

Shipping Container Shortage Push Supply Chains To A Breaking Point As Freight Rates Soar 150%

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https://www.youtube.com/watch?v=2lMQKOyxh6w Supply chain problems are getting dramatically worse, aggravated by persistent port congestion and shipping delays, as well as a growing imbalance between container demand and available capacity. To make things worse, businesses are already facing another spike in shipping and freight rates as peak season approaches. Challenges keep piling on, and executives are warning … Read more