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Starbucks Is Finished...
Enjoy The Decline But With Local Coffee, Lowes Is Collapsing Just Like Home Depot, What You Need To Know About Stocks, And Multi-Million Dollar Houses Are Seeing Big Price Drops...
The Daily Ninja 8/21/24
Updates From The Economic Ninja
(8/20/2024)
๐ "We are seeing a certain type of person putting themselves way above the rest of society by thinking their job is so important that they're allowed to stay at home."
๐ Hiring a CEO who can work remotely while earning millions raises questions about leadership and team dynamics.
๐ข The new CEO of Starbucks will enjoy the luxury of a remote office in Newport Beach, funded by the company, while avoiding relocation to Seattle.
๐ฐ "You're paying this guy 1.6 million a year and a bonus of 10 million so that he cannot show up and be an actual effective leader."
๐ฅ "This is absolutely ludicrous to me; who takes a job as CEO and expects their team to show up while they don't?"
(8/20/2024)
๐ "The Home Improvement sector is absolutely collapsing and it is a barometer for what is already happening and coming even stronger to the housing market."
๐ Most people understand the shift from inflation to deflation only after it happens.
๐ "There's Panic, there's blood in the streets, and that's where you should be picking up deals."
๐ Lowe's second quarter sales decreased 5.5% year-over-year, highlighting a significant decline in DIY Big Ticket items.
๐ "Gross margins are decreasing due to pricing pressure, forcing stores to lower prices while suppliers can't keep up."
๐ "Lowe's just cut its entire year's outlook, signaling potential trouble ahead in the home improvement sector."
๐ "These are exciting times but you've got to stop being interested in getting ready and you've got to commit."
(8/20/2024)
๐ฐ "Teaching people to connect multiple factors is the key to becoming very wealthy in the ever-evolving economic landscape."
๐ "I've experienced watching millions of people's financial lives get devastated during market downturns."
๐ฐ Wealthy investors like Warren Buffett sell stocks strategically to avoid spooking the market, unlike retail investors who often panic.
๐ "The bottom 50% of U.S. adults hold only 1% of stocks, making them incredibly fragile in the face of market panic."
๐ "We have nationwide inflation and worldwide inflation, and the world economies are splitting into two."
๐ "You could be the most technical trader but still have zero concept of macroeconomics affecting the big cycles."
๐ข "You're going to see a massive amount of selling coming in the stock market and it's going to turn down."
๐ "Handling change is 90% of the problem in successful investing, yet very few people understand that skill."
(8/20/2024)
๐ "Understanding economic cycles can help you identify where we are and what actions to take."
๐ฐ "People are saving thousands, not tens of thousands, by understanding real estate cycles."
๐ "Sellers gave up a marked advantage over buyers in July in the Phoenix housing market."
๐ As interest rates rise, "the higher price tiers collapse in price," starting with multi-million dollar homes.
๐ก "That same piece of property before it listed at 1.2 would have sold for six a year ago."
๐ "More than 26% of homes on Zillow received a price cut in July, the highest share for any July since at least 2018."
๐ "Zillow's data is not absolutely not regulated or audited, raising questions about its reliability in the real estate market."
๐ช "The only question is do you have what it takes to commit to a thesis based on knowledge and understanding to go and crush it."
Go out and crush it!
-Ninja Out