This is how much time you have left...

(9/23/2024)

1. 🏠 The Federal Reserve's 50-basis-point rate cut is seen as a harbinger of economic trouble, reminiscent of the 2006 housing market crash.

2. 💰 Home Depot faces challenges as home sales are below 2008 levels, consumers are financially strained, and commercial lending is in trouble.

3. 🛠️ Home Depot's core customer has adopted a "deferral mindset", postponing large projects like renovations due to high prices and economic uncertainty.

4. 📈 Inflationary trends caused by rate cuts may lead to stock price increases as investors seek yield in response to a devalued dollar.

5. 🏦 Banks are in serious trouble and their situation is worsening, potentially impacting the broader economy and housing market.

Jamie Dimon Just Gave an Interesting Warning

(9/22/2024)

1. 🚨 Only 5% of Americans are aware of the Fed's 50 basis point interest rate cut, which Jamie Diamond describes as a "shot across the bow" signaling economic trouble.

2. 💰 The Fed's plan to continue cutting rates will impact savings accounts, car loans, mortgages, and credit cards by lowering interest rates and making debt more expensive.

3. 🏦 Jamie Diamond, who runs the largest bank in the country, emphasizes that the 50 basis point rate cut is a "salvo round" and a "big deal".

4. 🗳️ Despite its significance, the Fed rate cut is unlikely to affect the outcome of the US presidential election, according to Diamond.

5. 📊 The fact that 95% of Americans are unaware of the Fed rate cut's significance is itself a major warning sign for the economy, as stated by Diamond.

Something worse was just found in Springfield Ohio

(9/21/2024)

1. 🏠 A human trafficking network in Springfield, Ohio, led by "King George," exploits 15,000 Haitian migrant workers while marginalizing 58,000 local residents, operating through 50 homes and 10 shell corporations.

2. 💼 The network has been under investigation by the FBI and Ohio Attorney General Dave Yost for alleged human trafficking and labor exploitation, with binders of evidence documenting property ownership and systematic transportation of Haitians.

3. 🚐 Haitian workers are reportedly transported to Springfield in dilapidated unmarked vans from Florida and other states, then exploited for cheap labor by companies like Dole food company.

4. 🏛️ The trafficking operation has been running unchecked for over five years, openly operating out of a former mission on East High Street in Springfield.

5. 💰 "King George" lives in a $1.35 million mansion and uses his network to funnel money, property, and assets, including luxury cars, while housing migrant workers in squalid conditions.

Home Depot Was Just Set Up By The FED

(9/20/2024)

1. 🏠 The Federal Reserve's 50-basis-point rate cut is seen as a harbinger of economic trouble, reminiscent of the 2006 housing market crash.

2. 💰 Home Depot faces challenges as home sales are below 2008 levels, consumers are financially strained, and commercial lending is in trouble.

3. 🛠️ Home Depot's core customer has adopted a "deferral mindset", postponing large projects like renovations due to high prices and economic uncertainty.

4. 📈 Inflationary trends caused by rate cuts may lead to stock price increases as investors seek yield in response to a devalued dollar.

5. 🏦 Banks are in serious trouble and their situation is worsening, potentially impacting the broader economy and housing market.

They are closing stores fast

(9/21/2024)

1. 🏪 Best Buy is closing 39 stores nationwide while shifting focus to smaller stores and new areas, mirroring Radio Shack's former strategy, as their store count dropped 30-35% from a peak of 1,779 in 2013 to 1,125 today.

2. 📉 The company's 2.3% sales drop in both the first and second quarters, coupled with store closures, signals a broader decline in consumer spending on discretionary electronics amid a 100-year economic cycle peak.

3. 💳 Amazon's earnings reveal retail customers are prioritizing necessities over gadgets, with an increase in 90-day past due credit card payments indicating more people are losing good credit scores, directly impacting Best Buy's electronics sales.

4. 🔍 Best Buy is conducting a rigorous review of store leases as they come up for renewal to inform closure decisions, adapting to changing consumer behavior and economic conditions.

5. 💼 The current economic situation, as evidenced by Best Buy's store closures and sales decline, suggests a potentially more severe recession than the Great Recession, aligning with the peak of the 100-year economic cycle.

You don't have much time left...

(9/22/2024)

1. 🏘️ The housing market crash began 1.5 years ago and will be multi-year, with the most expensive homes collapsing first, followed by mid-range homes, while affordable homes and cars initially hold up better.

2. 💰 Despite falling mortgage rates, lagging home sales and 3x more listings in some areas since January indicate an ongoing housing market crash.

3. 🏦 During a housing market crash, banks pull back on lending for cars and homes, causing a credit crunch, as predicted by the Economic Ninja before the commercial mortgage-backed securities crisis.

4. 📊 Understanding market cycles and timing investments is crucial for navigating the real estate crash, potentially saving investors tens of thousands of dollars on home purchases.

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