Evergrande Collapse May Just Be the Tip of the Iceberg…

by

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

by

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.

by

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

by

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

Government Spending Cannot “Stimulate” the Economy

by

by Patrick Barron Government economic policy is completely backwards. We are told that massive deficit spending, interest rates driven to zero, and now higher taxes on the “rich” will bring the American economy out of the doldrums or whatever fake malady seems to be popular. It is hard to imagine an economy in the doldrums when … Read more

Notable that the 2 parties that can’t agree on anything always agree on the one thing that truly matters to them: Their money king.

by

https://twitter.com/NorthmanTrader/status/1445495496437473285 Some of the highest ranking members of the Federal Reserve were caught insider trading. The very people responsible for dictating the monetary policy of the United States, which ripples throughout most of the world. Barely a whisper in the media or Congress. Do you get it yet? — Murray 🇺🇸 (@Rothbard1776) October 4, 2021 … Read more

“I believe we’re entering a period of time where the government is setting a precedent that in light of any emergency…”

by

Absolutely correct. It is an extremely dangerous and life-threatening precedent. We should reject it in full. What a brilliant and brave young man who is wise beyond his years. Bravo @JJudahIsaac 👏🏼 — Murray 🇺🇸 (@Rothbard1776) October 5, 2021 New peer-reviewed paper: "It is possible that lockdown will go down as one of the greatest … Read more

Rep David Scott, who is going to “fine retail investors from using social media… to limit stock manipulation” is paid by Wallstreet

by

Rep David Scott, who is going to "fine retail investors from using social media… to limit stock manipulation", received last quarter: – $118,000 from commercial banks– $117,500 from insurance– $101,500 from investment wallstreet PACs He is paid by Wallstreet. https://t.co/lqJy1GBQCK — unusual_whales (@unusual_whales) October 5, 2021

Was the “Facebook whistleblower” a false flag? It’s looking very suspicious.

by

Was the “Facebook whistleblower” a false flag? It’s looking very suspicious. pic.twitter.com/dlZTWKCg8L — Michael Krieger (@LibertyBlitz) October 5, 2021 MSNBC’s Figliuzzi: "Al Qaeda people [came] together because they simply got caught in an algorithm on Facebook where they were watching the same beheading videos and violent sermons and the FB algorithm said, ‘You guys are … Read more

Pending trouble for BC water well owners

by

  https://www.timescolonist.com/opinion/columnists/les-leyne-15-000-water-wells-could-be-declared-illegal-in-2022-causing-economic-chaos-1.24362080 ….. The only problem was that scarcely anyone paid any attention to it. Particularly the thousands of individuals, farmers, businesses and entities in rural B.C. who use well water for anything other than domestic purposes, and have been doing so for years. That collective indifference and the government’s slow acknowledgment of it is … Read more