AMAZON Turns Negative for 2021…

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Amazon.com Inc. shares fell sharply on Monday, with the e‑commerce giant falling back into negative territory for the year, as a sustained rise in Treasury yields is hurting the earnings outlook for companies with high valuations. The stock fell 2.9% in its sixth straight daily decline, the longest such streak since an eight-day drop that … Read more

CDC recommends fans in windows for holidays…

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The Centers for Disease Control and Prevention unveiled its latest guidance for safely celebrating the upcoming holiday season. The agency suggests, among other considerations, that families hold virtual holiday celebrations or have socially distanced celebrations outdoors with neighbors and friends. The CDC also recommended the idea of using a window fan to keep the air … Read more

Canada online harms legislation threatens human rights

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https://www.cbc.ca/news/opinion/opinion-online-harms-proposed-legislation-threatens-human-rights-1.6198800 …. The Canadian government is considering new rules to regulate how social media platforms moderate potentially harmful user-generated content. Already, the proposed legislation has been criticized by internet scholars — across the political spectrum — as some of the worst in the world. Ottawa outlines new legislation to define and crack down on online hate speech … Read more

In 1979 the US government DID NOT get the debt ceiling lifted in time. Prepare for a repeat with MUCH worse consequences…..

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Back in 1979, Congress waited, and waited, and waited to lift the debt ceiling, because Congress never likes taking responsibility for the tax and spending decisions it’s already made. Now, Congress usually does the right thing after it’s exhausted every other possibility, at least when it comes to paying our bills, and this debt limit … Read more

With Stagflation Ahead, How Will Gold Respond?

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From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Analysts say gold is eyeing stagflation, gold in times of war and peace, and the rundown of the debt ceiling situation. Analysts think stagflation might be the boost gold needs right now … Read more

Facebook Crisis

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by Martin Armstrong https://www.armstrongeconomics.com/wp-content/uploads/2021/10/Zuckerberg-10-5-21.mp4 Here is a video of Senator Ed Markley calling out Mark Zuckerberg after the damning whistleblower testimony. Perhaps at last we may begin to see some action of breaking up Zuckerberg’s toy. The seven-hour blackout of Facebook raises another problem entirely. Zuckerberg claimed that the issue was an internal technical problem … Read more

HACKED: “The entirety of Twitch has reportedly been leaked, Source Codes and User Payouts Among the Data Released in a 128GB Torrent

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The user posted a 125GB torrent link to 4chan on Wednesday, stating that the leak was intended to “foster more disruption and competition in the online video streaming space” because “their community is a disgusting toxic cesspool”. VGC can verify that the files mentioned on 4chan are publicly available to download as described by the … Read more

Evergrande Collapse May Just Be the Tip of the Iceberg…

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China’s Evergrande is spooking markets and the global economy faces a range of threats that could derail recovery. Soaring energy prices are disrupting production; in the background the US and China still aren’t getting along. With growth slowing and prices hitting multiyear highs, economists are talking about the dreaded “stagflation.” The name Evergrande is becoming … Read more

More RealBadNews about the economy, itz tanking hard…..GDPNow tracker is heading down the toilet

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In July the CNBC consenus forecast median was a massive 8%!! What iz this, the Second Great Depression or something? https://www.atlantafed.org/cqer/research/gdpnow Latest estimate: 1.3 percent — October 5, 2021 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2021 is 1.3 percent on October 5, down from 2.3 percent on October … Read more

Chinese property developer Fantasia defaults. Contagion cross default is happening.

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China property sector default woes deepen Worries about rising debt defaults by Chinese property developers sapped investor sentiment on Tuesday amid fresh credit rating downgrades and uncertainty about the fate of China Evergrande Group as it scrambles to raise cash by selling assets. Evergrande (3333.HK) is facing one of the country’s largest-ever defaults as it … Read more

Target will pay employees an extra $2 an hour for peak days of holiday season

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https://www.cnbc.com/2021/10/05/target-offers-employees-extra-2-an-hour-for-peak-days-of-holiday-season.html Target said it will pay an extra $2 an hour to store and service center employees who work peak days during the holiday season, such as on Saturdays and Sundays in the final weeks before Christmas. The big-box retailer previously said it would scale back holiday hiring and give more hours to its staff. … Read more