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)

  • ๐Ÿ  "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."

  • ๐ŸŒ Hiring a CEO who can work remotely while earning millions raises questions about leadership and team dynamics.

  • ๐Ÿข 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.

  • ๐Ÿ’ฐ "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."

  • ๐Ÿ”ฅ "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)

  • ๐Ÿ“‰ "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."

  • ๐Ÿ“‰ Most people understand the shift from inflation to deflation only after it happens.

  • ๐Ÿ“‰ "There's Panic, there's blood in the streets, and that's where you should be picking up deals."

  • ๐Ÿ“‰ Lowe's second quarter sales decreased 5.5% year-over-year, highlighting a significant decline in DIY Big Ticket items.

  • ๐Ÿ“‰ "Gross margins are decreasing due to pricing pressure, forcing stores to lower prices while suppliers can't keep up."

  • ๐Ÿ“‰ "Lowe's just cut its entire year's outlook, signaling potential trouble ahead in the home improvement sector."

  • ๐Ÿš€ "These are exciting times but you've got to stop being interested in getting ready and you've got to commit."

(8/20/2024)

  • ๐Ÿ’ฐ "Teaching people to connect multiple factors is the key to becoming very wealthy in the ever-evolving economic landscape."

  • ๐Ÿ“‰ "I've experienced watching millions of people's financial lives get devastated during market downturns."

  • ๐Ÿ’ฐ Wealthy investors like Warren Buffett sell stocks strategically to avoid spooking the market, unlike retail investors who often panic.

  • ๐Ÿ“‰ "The bottom 50% of U.S. adults hold only 1% of stocks, making them incredibly fragile in the face of market panic."

  • ๐ŸŒ "We have nationwide inflation and worldwide inflation, and the world economies are splitting into two."

  • ๐Ÿ” "You could be the most technical trader but still have zero concept of macroeconomics affecting the big cycles."

  • ๐ŸŽข "You're going to see a massive amount of selling coming in the stock market and it's going to turn down."

  • ๐Ÿ“ˆ "Handling change is 90% of the problem in successful investing, yet very few people understand that skill."

(8/20/2024)

  • ๐Ÿ” "Understanding economic cycles can help you identify where we are and what actions to take."

  • ๐Ÿ’ฐ "People are saving thousands, not tens of thousands, by understanding real estate cycles."

  • ๐Ÿ“‰ "Sellers gave up a marked advantage over buyers in July in the Phoenix housing market."

  • ๐Ÿ  As interest rates rise, "the higher price tiers collapse in price," starting with multi-million dollar homes.

  • ๐Ÿก "That same piece of property before it listed at 1.2 would have sold for six a year ago."

  • ๐Ÿ“‰ "More than 26% of homes on Zillow received a price cut in July, the highest share for any July since at least 2018."

  • ๐Ÿ“‰ "Zillow's data is not absolutely not regulated or audited, raising questions about its reliability in the real estate market."

  • ๐Ÿ’ช "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

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