A Rude Awakening For The Markets?

There is $7.8 Trillion of US Household Debt, Wages Are Growing Faster Than Inflation, Billionaires Are Moving Back To America, Family Dollar Is Closing Stores, A Challenge From The Ninja, Mortgage Crisis In Texas, And More Past Predictions Now True From The Ninja...

Author

Economic Ninja
November 14, 2024

The Daily Ninja 11/14/24

🏠 The $7.8 trillion US household debt in Q2 2022, including a record $12.9 trillion in housing debt, could lead to a potential housing market crash despite historically low interest rates.

💳 Credit card delinquency rates are rising, echoing the 2008 financial crisis, which could restrain consumer spending and hinder economic growth.

💰 Wages are growing faster than inflation, with a 4.7% 3-month average median hourly wage growth compared to 2.4% CPI inflation, potentially setting off a new inflationary cycle.

🏦 The Federal Reserve is rapidly dropping interest rates, signaling serious economic concerns despite seemingly positive debt-to-income ratios.

📊 Debt service payments as a percentage of disposable income have reached 11.5%, the highest since the pandemic, approaching pre-pandemic levels when interest rates were much lower.

🗳️ After Trump's alleged "landslide win" in both popular vote and electoral college, billionaires are reportedly moving to America while liberals flee to Canada.

🎵 The Ninja claims Mark Cuban, a supposed K-pop and Harry Styles supporter, deleted tweets about K-pop and denounced Trump, revealing his alleged hypocrisy.

💼 Anthony Pratt, chairman of Vizy Australia, reportedly moved to the US with his family after receiving a green card, seeking freedom unlike Australia during the COVID-19 pandemic.

💰 The video asserts that income tax, originally a wealth tax on the rich in the early 1900s, was later redefined to include everyone, effectively labeling all taxpayers as "rich".

👨‍⚖️ According to the Ninja, K-pop is allegedly planning to place one of its members on the Supreme Court, a controversial idea being discussed.

🏚️ The closure of 1,000 Family Dollar stores in 2024 could trigger a massive recession or mini-depression, disproportionately affecting fixed-income individuals and limiting shopping options in underserved areas.

💼 Family Dollar's decision to lay off 265 employees in Ohio as early as April 2023 signals a broader trend of job losses in the retail sector, potentially exacerbating economic instability.

🛒 The elimination of competition in small towns due to store closures may leave residents at the mercy of a single retailer, potentially leading to higher prices and reduced product availability.

💰 Dollar Tree's acquisition of Family Dollar in 2015 has resulted in underperformance, suggesting that corporate consolidation in the discount retail sector may not always lead to improved business outcomes.

🚨 Safety concerns cited as a factor for store closures highlight the potential link between crime rates and the viability of businesses in certain areas, raising questions about community policing and economic development.

🎥 The 10-day YouTube challenge targets people over 50 to share their wisdom and experience with younger generations, countering the influence of mainstream and social media.

💡 Participants create 10 videos on any topic, with the 10th video including "economic ninja" in the title, description, and tags to gain access to the channel's subscribers and boost their algorithm.

🚀 The challenge aims to attract go-getters willing to stretch themselves, offering a free 1-hour Zoom call with instruction on succeeding in YouTube or social media to those who complete it.

👵👴 The Economic Ninja believes 50+ people have the potential to build YouTube channels with over a million subscribers and wants to help them succeed by sharing his best training and tools.

💰 The challenge presents an opportunity for older individuals to give back to younger generations while potentially earning money through YouTube content creation.

🏠 HUD foreclosures in Texas are skyrocketing, with a record 900 foreclosures recorded in one day in Dallas in July 2022, according to attorney John Ganon.

🗓️ Texas has a unique foreclosure process occurring on the first Tuesday of each month, contrasting with states like New York and New Jersey that have 3-4 year foreclosure cycles.

⚖️ HUD's asymmetric power structure allows them to foreclose on Texas homes without court approval, despite state courts' inability to restrict federal actions.

⏰ HUD's 21-day notice period for foreclosure in Texas is significantly shorter than the typical 90-day notice in other states, leaving homeowners with only 48 hours to find legal help after receiving notice.

🏛️ Texas' unique legal system with sovereignty and constitutional protections is believed to be the reason HUD can bypass state court approval for foreclosures, according to attorney John Ganon.

🏦 SVB and Signature Bank, the 16th largest and 3rd largest bank failures in US history respectively, have collapsed with regulators assuring that all customer deposits will be insured.

🪵 Lumber prices are expected to collapse by mid to late summer 2023 due to decreased demand and consumers' unwillingness to pay high prices, according to the Economic Ninja.

💰 JP Morgan Chase has acquired First Republic Bank, protecting all depositors' funds, as elites aim to add liquidity by pushing up stock prices and selling into strength.

🏗️ Lumber yards are rapidly dropping prices to flush out inventory due to a market shift that has left them with high-priced stock.

💼 Blockfi is experiencing liquidity issues and locking up transactions due to bankruptcy problems, potentially leading to further market instability and bank failures.

Go out and crush it!

The Ninja is OUT!

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