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The Macro Economic Landscape Is Shifting...
War, Bitcoin, Mortgages, Banks, The FBI And California? All this and more in this weeks weekly recap.
The Daily Ninja 4/20/24
Updates From The Economic Ninja
(4/20/2024)
π Economic ninja expects altcoins to wait for a Bitcoin rush before reversing.
π Top Trader warns of time capitulation for altcoins, says crypto markets not seeing new retail inflows.
π It's important to scale in at the right time and scale out to avoid committing to a coin that may be abandoned by its team.
π The lack of retail inflows will keep altcoins range bound for months with some printing fresh local lows before the next big move up.
π Retail money comes in when things are already moving up, retail is always the last to the big move.
π The big gains in the altcoin market will come after Bitcoin starts to make its move, potentially within the next 20 to 60 days.
π The influx of money from institutions like pension funds into Bitcoin could have a massive impact on the crypto market.
(4/20/2024)
π€― The economic collapse we are currently experiencing is appalling and should be a cause for concern.
π The IMF is openly discussing the most epic opportunity in the world due to the actions of Janet Yellen and the US government with their bonds.
π The amount we're paying on interest is mindblowing, and what happens when the GDP falls is serious stuff.
π The contrast between the ability to print more stocks and the impossibility of faking Bitcoin highlights the unique nature of cryptocurrency.
π¨π³ China's potential move towards Bitcoin as a response to financial sanctions could have significant implications for the global financial landscape, especially in relation to cross-border capital movement.
π The potential investment opportunity in AI is likened to the missed opportunity of investing in the worldwide web in 1990.
π° The lack of oversight and anonymity provided by cryptocurrencies can complicate the efforts of regulators to monitor and control financial transactions, but there is more illicit activities done every day worldwide in US dollars than in crypto.
π The next 6 months in trading are going to be amazing, but people need to be prepared to take their profits and trade properly to avoid getting wrecked.
(4/20/2024)
π± State Farm will cancel 72,000 insurance policies in California alone, causing even more chaos for homeowners.
π The trend of companies withdrawing from the California insurance market is reminiscent of Japan's actions in the economy, raising questions about the state's financial stability.
π Tokyo Marine America and Trans Pacific Insurance are pulling out of California, leaving over 125,000 homeowners without coverage.
π° The impact of these non-renewals will be significant, with State Farm and Tokyo Marine among the companies pulling out.
π€ Tokyo Marine American Insurance company and transpacific insurance company join a growing list of insurance companies that are planning on withdraw full withdrawal or limiting business in the Golden State.
π More home insurance companies like State Farm, Allstate, Farmers Insurance, and The Hartford are pulling out of California, leading to a massive crunch in the state.
π "I think I know what's coming and that's going to be a complete implosion in the real estate market and how California goes sad to say so goes a lot of the country."
(4/20/2024)
π£ The world is watching us fund Ukraine against Russia, while threatening to sanction China for helping Russia.
π£ Chinese government-linked hackers have gained access to critical American sectors, posing a potential threat to national security.
π The Department of Defense uses RFID chips to stop attacks on infrastructure, requiring not only access to the system but also the physical chip and human touch.
π¨ China is developing the ability to physically wreak havoc on our critical infrastructure at a time of its choosing.
π Building a secondary system and switching over to it can help stop cyber attacks.
π¨ Cyber attacks on Texas water facility and Frontier Communications highlight the delayed reporting of such incidents, raising concerns about transparency and public awareness.
π¨ The FBI's serious warning about the Frontier Cyber attack is causing a stir in the news.
Weekly Recap- This Weekβs Top Stories
(4/13/2024)
π Iran has reportedly launched drones at Israel and is officially begun its attack on Israel.
π The Gaza war has driven up tensions, spreading to fronts with Lebanon and Syria, drawing long-range fire from Israeli targets as far away as Yemen and Iraq.
π The seizure of a ship by Iran and the involvement of an Israeli businessman's company adds a complex layer to the ongoing conflict between the two countries.
π The airspace across Iran, Jordan, and Israel has reportedly been shut down in response to the attack.
π‘οΈ Netanyahu's clear principle of "whoever hurts us, we will hurt them" reflects Israel's determination to defend itself from any threat.
π The 9-hour window for an attack drone to hit its target is a terrifying thought for any country under attack.
π "Every country in the world is making their stand. They're going to choose a side."
(4/15/2024)
π¦ "The Federal Reserve is in the most serious predicament in modern history. Things are bad and honestly it's going to get worse."
π Retail sales jumped 7% in March, much higher than expected, despite rising inflation, indicating strong consumer spending.
π The decline in sales for items that are not essential suggests a potential impact on the economy and the Federal Reserve's policies.
π The 10-year bond has jumped massively today, indicating potential trouble for the Fed.
π¦ The bond Market's completely working opposite of what the Federal Reserve is doing, and the real estate market is definitely going to crash.
(4/17/2024)
πΈ The fact is all of the banks from the small Credit Unions to the local the regional Banks are hurting because the consumers are done. They're tapped out. Our economy is collapsing as a matter of fact.
π³ Bank of America's net charge offs for credit card losses rose to $1.5 billion in the first quarter, up from 87 million a year earlier.
π° The truth about the health of the economy and the banking industry is coming out, and it's not looking good for Bank of America.
π€₯ "Resilient household finances as evidence that the economy remains on a solid footing" is a 100% lie.
π£οΈ CEOs of big banks should follow Jamie Dimon's example and be honest about the challenges their banks are facing, even if it means admitting to potential problems.
π America's combined household debt shot up by $212 billion to a record 17.5 trillion in the final three months of last year, indicating a concerning trend in the economy.
π The Federal Reserve's decision to keep interest rates high is putting pressure on household finances, and it's only going to get higher.
π€― The next 3 to 6 months are expected to be epic for the price of Bitcoin and crypto, as Wall Street starts to embrace it.
(4/18/2024)
π° Silver is experiencing the highest deficit in 20 years, making it a valuable investment opportunity.
π Silver is found at shallow depths of the Earth, and as mines go deeper, they find less silver, impacting supply.
π There is a belief that a moment is coming in the next few years where people will be willing to pay anything for silver, indicating a potential surge in demand and value.
π We're watching technology advance and new electrics coming online that need silver, there's no other metal on Earth that can do what silver does.
π The vision of traders shorting the metal and experiencing panic and terror hints at a potential surge in silver prices.
π Deficits are starting to matter as above ground stocks continue to get depleted, leading to higher prices being needed before stocks are released into the marketplace.
π Anything under $30 is considered a gift due to the rarity of seeing that price for so long.
π° Silver may be worth more than gold in the future* due to its nature and use, with more patents tied to its use than any other metal on Earth.
(4/15/2024)
π° The belief that one day silver will be so high in price, it's insane, and could be the rhodium story of this current decade.
π The emotional attachment to silver and gold prices can lead to irrational investment decisions.
π Silver has outpaced gold in year-to-date gain, with increasing global demand and sticky inflation driving its rise.
π Rodium is needed to mix with platinum in catalytic converters, highlighting its importance in the automotive industry.
π°οΈ Silver's potential explosion in value will mark a special time in history, as it has been abandoned and insulted for centuries.
π° Western media wants to destroy the idea of silver and gold because they are run by the Federal Reserve and the banks, who don't want people to know the truth.
π The media tries to discredit gold and silver investors by labeling them as preppers and fearmongers, as seen in the interview on Fox News.
π Investing in gold and silver is a smart move* because "I'm investing in gold and silver because I know the truth."
(4/17/2024)
π The upcoming refinancing of commercial real estate debt will lead to even worse losses for regional banks in the near future.
π€ Regional banks are expected to set aside more money to cover potential commercial real estate losses, but there's no potential here - the banks know exactly what losses are coming.
π The cost of borrowing money for banks is increasing, leading to shrinking margins and potential losses, contrary to the belief that banks can simply refinance loans at the same rate.
π¦ New York Community Bank's exposure to commercial real estate intensifies fears about the industry's stability, especially with multifamily properties.
π Many banks have unrealized losses on security portfolios, including mortgage-backed paper stack, and bond losses, indicating potential trouble ahead.
π Regional banks are facing significant losses due to commercial real estate exposure, while credit unions are more exposed to credit card debt.
π° The fed's repo window is closing, and there's less money flowing out, which will lead to a full-blown crisis in the next three to six months.
π¦ I'm going to move into commercial real estate as this crash goes.
Keep your head up, pay attention and youβll start to seeing opportunities popping up over the next few months.
-Ninja Out