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Remember When Banks Were Failing?
Well those failures might have just been the beginning...
The Daily Ninja 3/30/24
Updates From The Economic Ninja
(3/29/2024)
šØ The S&P has just issued a negative outlook on five US Regional Banks due to risky office-based exposure.
š There are people who can predict banking crises way ahead of time, and it's important to pay attention to their warnings.
š¢ The commercial real estate market is on the verge of the greatest collapse since the Great Depression, with potential fire sales on the horizon.
š° S&P analyst Brendan Brown warns of potential material deterioration in the asset quality and performance of these banks due to increasing loan maturities and criticized loans.
š° The value of banks' bonds has dropped due to their large exposure to rent regulated multifamily loans and office-based exposure, impacting their debt.
š¦ Ninja loans with no income verification are alive and well, charging around 10%, higher than in 2007.
š¤¢ It's absolutely disgusting that Congress people can legally do insider trading and become multi-millionaires within a matter of a couple years.
We have set a date for the Bitcoin and crypto AMAā¦
Itās going to be on Wednesday April 10th at 6:00 PM Pacific Time.
Make sure you register here before the event fills up.
The AMA will feature:
The Economic Ninja- Who you know and love, but also who is a bit of a crypto expert himself having had an almost supernatural ability of identifying projects and opportunities in the Bitcoin/Crypto space since Bitcoin was at $500 leading to tremendous personal success in the spaceā¦
@SimplisticChartsJoe - Who makes his living trading the Bitcoin/Crypto + Stock markets and is an expert at making trading and charts simple to understand and almost too easy to capitalize on - with tweets and timestamps to prove it.
Dylan Bradley - Who is the #1 Best Selling Author of The Bitcoin Business Accelerator- who is a digital marketing pro and expert on Bitcoin fundamentals and helping entrepreneurs and businesses build Bitcoin into their operations.
The goal of this AMA is to:
Share where we are at now in the Bitcoin/Crypto cycle
Provide some basic need to know info on what is Bitcoin, why itās important and why we are still confidently talking about it 15 years after it was createdā¦
Clear up some common myths and misperceptions about Bitcoin & Crypto like- āWhat happens if the internet goes out?ā
Make you aware of common scams out there so you are aware and you can keep your hard earned money safe and secure.
And of courseā¦ Introduce a few different ways you can potentially make some extra money in this spaceā¦
And much much moreā¦
If youād like to submit a question please do so here: https://forms.gle/PUE7pzHB3iqkQxCR7
And make sure to get registered for the meeting here: https://us06web.zoom.us/meeting/register/tZUlcuCgqj0rHdFl48KY0lkXF3qAX-misw7d
Spots are limited and are likely to fill up.
Thatās all the updates for today. Enjoy your weekend and tune in tomorrow for the Sunday Weekly Recap.
-Ninja Out