Costco Just Got More Expensive...

Real Estate Cycles, Costco Is Raising Pricing, The Fed Is Manipulating Real Estate Data, And Troubling Sign For The Stock Market...

The Daily Ninja 7/11/24

Updates From The Economic Ninja

(7/11/2024)

(7/10/2024)

  • ๐Ÿ’ธ Costco's decision to hike membership fees for the first time since 2017 is a significant change that will impact every shopper.

  • ๐Ÿ’ธ Costco is increasing its membership fee by $5 in the US and Canada, affecting about 52 million memberships.

  • ๐Ÿ›’ The timing of Costco's membership rate increase challenges the narrative of decreasing inflation, suggesting that the reality may be different from what the government claims.

  • ๐Ÿ’ฐ Costco relies on membership fees to keep merchandise prices low, but its rival Sam's Club hiked its membership fee for the first time in nine years.

  • ๐Ÿ’ฐ The cost of paying employees more at Costco will ultimately be passed down to the customers in the form of higher prices.

  • ๐Ÿ’ฐ Costco is increasing the starting wage for service clerks and meat cutters to $19.50 per hour, a gain of 5.4% for the lowest earners.

  • ๐Ÿ“ˆ Inflation leads to companies raising prices, impacting consumers in the long run.

(7/10/2024)

  • ๐Ÿ  The Federal Reserve is manipulating real estate data to deceive people into thinking that home prices are at all-time highs, creating a fakeout in the market.

  • ๐Ÿ’ฐ Despite the similarities in the number of homes sold in 2023 and 2008, the current situation is eerily reminiscent of the housing market collapse in 2008.

  • ๐Ÿ“‰ The US housing market is a leading indicator for the broader economy, unlike the stock market which is the playground of the top 1%.

  • ๐Ÿ—๏ธ Unlock a part of your mind by understanding why the next step is coming.

  • ๐Ÿ“‰ The reported median sale price of homes hitting an all-time high at $397,954 is "100% an absolute lie" according to the speaker, who claims that the actual median and average home sales were much higher.

  • ๐Ÿ“‰ People with low Financial IQ are reactionary and make investment decisions based on hot tips, leading to emotional and risky investments.

  • ๐Ÿ’ฐ The median asking price for homes is falsely reported to have hit 409, showing a misleading increase in the real estate market.

  • ๐Ÿ  Most people are not going to be ready and won't qualify for loans, making the real estate crash in 2025 even worse than what's happening now.

(7/11/2024)

  • ๐Ÿ“… The story from investorplace.com warns to mark your calendars for July 11th for potential stock market crash.

  • ๐Ÿ“† The long-awaited inflation readings should offer some clarity into the Federal Reserve's path forward, with many on Wall Street dismissing any rate cuts possibly for the rest of the year.

  • ๐Ÿ“‰ The Federal Reserve will lower rates before the election to create the illusion of economic improvement, causing short-lived rises in stock and housing prices.

  • ๐Ÿ“Š This week's CPI report may prove crucial to the central bank's monetary objectives heading into its next two policy.

  • ๐Ÿ“‰ The meetings set for July 1st and September 18 are very important, as the Ninja does not believe a cut will be coming in July.

  • ๐Ÿ“‰ "I believe you're going to see two rate cuts in August and September going into November."

  • ๐Ÿ’ฐ "Bad news is good news in this market."

  • ๐ŸŒ "Remember nothing has changed, countries are walking away from the dollar, actively joining a campaign called The Bricks Nations building a new joint currency, buying gold hand over fist, and making new trade agreements."

Keep Crushing It!

-Ninja Out

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