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- BREAKING: Another Bank Bites The Dust...
BREAKING: Another Bank Bites The Dust...
Personal Consumption Up, Banks are failing, and the FDIC and Yellen Just Don't Care...
The Daily Ninja 4/27/24
Updates From The Economic Ninja
(4/26/2024)
π The Federal Reserve may have to raise rates to get inflation under control, but the general public will blame them for any economic fallout.
π The personal consumption expenditures price index excluding food rose above the 2.7% estimate, surprising economists and indicating potential inflationary pressures.
π The market anticipates the Fed to lower rates in response to higher inflation numbers, like "monetary heroin" injected into the veins.
π€ The FED wants to manipulate the economy without people realizing, aiming for a slow and mild approach every 7 to 10 years.
π The Federal Reserve's history of interest rate cycles every 10 years can impact real estate market movements.
π The reason for strong Tech earnings is because they fired hundreds of thousands of people last year.
π The market is not thinking about borrowing costs or mortgage rates, which are actually higher across the board.
π The bond Market will raise interest rates if the Federal Reserve doesn't: "if the Federal Reserve doesn't do it don't worry the bond Market's going to do it for them."
(4/26/2024)
π° US Banks are experiencing the biggest weekly decline in deposits since 9/11, signaling a significant financial shift.
πΈ Total Bank deposits crashed by a stunning 258 billion as the tax day cometh, showing the impact of tax season on consumer finances.
π The idea of raising capital gains could actually hurt the majority of money in the stock market, causing a potential stock crash.
π The Federal Reserve's handling of inflation is being questioned, with some suggesting that they may be intentionally causing a slow economic decline.
Rates will lower⦠but not yet. Get educated and stay updated on what is going on so you can take action.
-Ninja Out