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Avocados... A Gateway Drug?
Avocados Are Getting More Expensive, Fed Changing Housing Price Data, Big Corporations Make Big Changes and more...
The Daily Ninja 6/20/24
Updates From The Economic Ninja
(6/19/2024)
๐ The Federal Reserve changed housing price data to show the market is only down 5% right now, raising questions about the accuracy of the information.
๐ The median sales price of houses in the United States has seen a 5% dip, but it's not as significant as the dip seen in 2007.
๐ The Federal Reserve changed the housing price data, causing a significant impact on the chart.
๐ฐ The sudden drop in real estate prices from $480,000 to $417,000 in just a month and a half is concerning.
๐ The current housing price drop is at the same percentage loss as the entire Great Recession.
๐ The discrepancy between the printed charts and the current housing prices is concerning.
(6/19/2024)
๐ธ REI's financial struggles may be due to their high prices, catering to higher income earners, and lack of affordability for the average shopper.
๐ The decision to lay off over 350 employees reflects the challenges of reshaping the company's cost structure in a volatile economic environment.
๐ Big retailers are seeing a massive shift in spending habits, with a focus on lower-priced goods due to people spending less money.
๐ REI is losing market share due to not adapting to the trend of lower cost items and dropping prices.
๐ค REI's business model remains geared towards those with pricier passions, while Bass Pro Shops are adapting to the shifting economy.
(6/19/2024)
๐ฃ The current 100-year cycle is a currency bubble boom and bust, signaling a major financial crisis.
๐ Liquidating US treasuries may lead to hyperinflation, a concept that many Wall Street professionals seem to be unaware of.
๐ฆ Since the FED has once again backstopped the US Financial system, the next bank failure will be in Japan.
๐ธ The bond collapse is now beginning as evidence shows countries like China, Russia, and Japan are becoming net sellers of US treasuries.
๐ฐ Central banks are buying more gold as the US dollar implodes, putting upward pressure on the bond market and potentially causing mortgage rates to skyrocket.
๐ธ The prediction of a small bout of hyperinflation in our currency could lead to a 20-30% inflation rate in our nation, which shouldn't be a surprise given the government's history of lying about inflation during covid.
(6/18/2024)
๐ China's increasing demand for silver is driving up the price, signaling a potential shortage in the market.
๐ฐ China is cornering the silver market as we speak, making them one of the wealthiest nations on Earth.
๐ China has been quietly buying up silver for the past two decades, signaling a potential future increase in its value.
๐ฐ Investment grade silver makes up the smallest portion of the world silver, but has the deepest impact on the emotions and mindset of investors.
๐ฐ China's control over the silver supply chain and its impact on the price of silver is a major concern for the market.
๐ฐ China is taking the world's silver supply, and it's important to invest in silver to prevent them from having it.
๐ฐ The truth about the silver market will soon come out, potentially leading to a busting of the comex as big entities like China call for delivery of physical metals.
๐ฐ China's dominance in the solar silver supply chain is a cause for concern and action is needed to address it.
Keep Crushing It!
-Ninja Out