People Aren't Renovating Their Houses...

More Manipulated Numbers, Home Depot Sales Slow Dramatically, People Are Foolishly Racing To Refinance, And The Government Is Hellbent On Destroying Your Purchasing Power...

Economic Ninja
August 15, 2024

(8/15/2024)

(8/14/2024)

🏠 Home Depot is a massive barometer for the housing market, and people need to be prepared for a potential downturn.
📉 The current sales decline at Home Depot is bigger than the downturn in 2006-2008.
🏠 The real estate market is a barometer of the health of the consumer, reflecting their desire to build a better life for themselves and their greatest asset, their home.
📉 Home Depot CEO Ted Decker warns of troubling decline in consumer spending on home improvement projects due to higher interest rates and macroeconomic uncertainty.
📉 The CEO of Home Depot warns that the housing market crash is going to be epic, and consumers need to be ready to take advantage of it.
💰 The housing market and macroeconomics have a significant impact on Home Depot's business.

(8/14/2024)

💸 People are being fooled into buying homes and being told they could refinance at lower rates, but they are about to lose a lot of money in the process.
💸 Applications to refinance a home loan surged 35% last week, showing the urgency and financial impact of the situation.
💸 Many people don't realize the impact of their credit score on the cost of refinancing their mortgage, and the importance of knowledge in making financial decisions.
💸 The refinance share of mortgage activity increased to 48.6% of total applications, showing how many people rushed into the real estate market in the last year and a half.
💸 People were sold a one-year arm mortgage with the hope of refinancing, leading to financial disaster for many.
🏠 Refinancing costs can add up to thousands of dollars, and rolling them into the loan means paying interest on that added cost for another 30 years.
💸 Refinancing mortgages can end up costing thousands of dollars, even if it seems like a good deal at first.

(8/14/2024)

🚨 Mainstream media is being used as an example of perpetuating false narratives about the economy.
🔒 There are people who want to enslave humanity through debt, and it's a dangerous game we're playing.
🤑 The government is hellbent on destroying your purchasing power and making you a slave.
🏠 The housing market is being manipulated to show false all-time high prices, while in reality, only the cheapest homes are selling.
📈 Food inflation may be soft on the month, but I am not seeing food prices coming down at all, whether you're in a restaurant or a grocery store.
🔮 The Ninja presents the upcoming economic crash as an "epic adventure," suggesting a controversial and potentially alarming perspective on financial turmoil.

Go out and crush it!

-Ninja Out