Silver Hits A 12 Year High

Silver Surges 37% Since January, North Carolina Messing With Voters, New Home Inventory Soars, Eric Adams Is In Trouble, China Implements A Stimulus Package, More People Are Refinancing Homes & Some Airlines Could Be In Trouble...

The Daily Ninja 9/27/24

(9/25/2024)

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(9/26/2024)

  1. πŸš€ Silver surged to a 12-year high in 2022, gaining 37% since January 2023, driven by expectations of Fed rate cuts and increased demand in renewable energy, electronics, and electric vehicles.

  2. πŸ’‘ The global renewable energy market is projected to grow from $1.14 trillion in 2023 to $5.62 trillion by 2025, with a 17.3% annual growth rate, boosting silver's industrial applications.

  3. πŸ”¬ Silver has more patents tied to it than any other metal, used in everyday items like water filters, cell phones, and solar panels, with companies indifferent to price fluctuations due to the small amounts needed in production.

  4. πŸ“ˆ The Federal Reserve's pivot towards easier monetary policy, potential future rate cuts, and China's economic boost efforts have supported silver's price gains.

  5. πŸ’Ό Silver is considered a tangible, real investment that can be vaulted, contrasting with the stock market's perceived "vaporware" nature, with recommendations to invest in the cheapest possible silver coins.

(9/27/2024)

  1. πŸ—³οΈ Nearly 750,000 voters were purged from North Carolina's voter rolls since early 2023, with 290,000 removed due to duplicate registrations from in-state relocations.

  2. 🚫 Voters in North Carolina can become ineligible due to death, relocation, inactivity, felony conviction, lack of citizenship, successful voter challenge, or personal request.

  3. πŸ“Š North Carolina's County Boards of Elections conducted a 20-month purge, removing an average of 1,200 names per day until August 2023.

  4. βš–οΈ The Republican National Committee and North Carolina Republican Party sued the state's elections board in August 2023, alleging violations of the Help America Vote Act for 225,000 voter registrants.

  5. 🀐 North Carolina's Democratic Party has remained silent on the voter registration and eligibility issue, potentially raising concerns about election integrity.

(9/26/2024)

  1. πŸ—οΈ New completed house inventory surged 46% year-over-year and over 200% since mid-2021 to 104,000 units in August, reaching levels not seen since November 2009.

  2. 🏘️ Supply of unsold completed houses rose to 3.6 months, while total unsold homes inventory, including those under construction, hit a record 8.2 months, highest since 2008.

  3. πŸ’° Builders, with significant capital tied up in move-in ready spec homes, are offering deals and concessions to quickly clear inventory, potentially leading to price corrections.

  4. πŸ“‰ The Federal Reserve revised the housing market collapse severity, showing home prices dropped 88.8% from October 2022 peak, exceeding the Great Recession decline.

  5. 🏠 Homebuilders are capitalizing on homeowners' reluctance to adjust price expectations, resulting in panic selling and price drops as they offer concessions to clear inventory rapidly.

(9/26/2024)

  1. 🚨 NYC Mayor Eric Adams, the city's 110th mayor and a retired NYPD captain, faces unprecedented federal charges including bribery, wire fraud, and soliciting illegal foreign campaign donations in a sealed indictment from 2023.

  2. πŸ” Federal agents seized phones from top NYC officials, including Adams' top aide, police commissioner, and schools chancellor, leading to their resignations and indicating potential incriminating evidence.

  3. πŸ›οΈ The indictment and resignations threaten NYC government function, with Representative Alexandria Ocasio-Cortez calling for Adams' resignation, while he responds by invoking his status as the city's second black mayor.

  4. πŸ—³οΈ Adams' corruption charges are framed as part of a larger pattern of government misconduct, with claims of the 2020 election being stolen through fraudulent voting activity and ballot stuffing.

  5. πŸ™οΈ Adams' mayoral policies, allegedly leading to increased crime and corruption, contradict his campaign promises to reduce crime and revitalize the city, suggesting potential deception in his initial intentions.

(9/26/2024)

  1. 🏦 China's government is implementing a massive economic stimulus package, including 1 trillion yuan of bank injections and pledges to intensify fiscal support, aimed at saving the private economy, stabilizing real estate, and boosting stock markets.

  2. 🌍 As the world's second-largest economy and major trading partner, China's stimulus efforts will likely have global repercussions, potentially triggering a recession and supply chain shocks in Europe and the US.

  3. πŸ’Ή The stimulus is a response to deflationary pressures in China, with the government taking emergency intervention measures in a top decision-making meeting chaired by Xi Jinping.

  4. πŸ“ˆ China's economic actions may lead to inflation spikes globally due to potential supply chain crashes, as deflationary spirals can cause disruptions in supply chains and subsequent price increases.

  5. 🎯 The Chinese government's stimulus is described as a "shot across the bow" to calm markets, with officials withholding specific figures to gauge market reactions and determine if further intervention is necessary.

(9/25/2024)

  1. 🏦 Refinancing applications surged 20% in the week ending September 20, 2023, with 56% of applications for refinancing, as consumers sought to capitalize on falling mortgage rates.

  2. πŸ’° Banks are adding discount points and origination fees to mortgages due to decreasing debt, cash flow, and savings nationwide, making it more challenging for borrowers to secure loans.

  3. πŸ“ˆ Refinancing applications were 175% higher than a year ago in September 2023, according to Yahoo Finance, indicating a robust refinancing market.

  4. πŸ›οΈ The Mortgage Bankers Association reported the significant increase in refinancing applications, highlighting the impact of changing market conditions on consumer behavior.

  5. 🀐 Many banks and real estate mortgage brokers are not disclosing that rates have increased since the Fed lowered rates, instead encouraging customers to pay thousands in discount points or origination fees.

(9/25/2024)

  1. πŸ›« Alaska Air was downgraded to junk status by Moody's after issuing debt to refinance Hawaiian Holdings acquisition, signaling potential future downgrades for airlines merging to compete with major carriers.

  2. πŸ’Ό Southwest Airlines is cutting 300+ pilot and flight attendant positions in Atlanta, reducing service, and forcing staff to bid for work from other cities as a tactic to pressure employees into quitting without layoffs.

  3. πŸ’° Airline mergers often involve stronger companies acquiring weaker ones' aircraft and employees for pennies on the dollar, taking advantage of struggling carriers.

  4. πŸ“‰ Credit rating agencies are downgrading airlines due to concerns over debt issuance, exemplified by Alaska Air's rating drop from b3 investment grade to baa1 junk rating.

  5. 🏠 Southwest's service reduction in Atlanta could impact employees who recently purchased expensive homes, as the airline plans to cut 200+ flight attendant and 140 pilot positions by April 2025.

Go out and crush it!

-Ninja Out

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