This Is It...

Markets Crash Over The Weekend But Bounce On Monday, Geopolitical Tensions Are Escalating Globally, We Might Actually Actually Be In A Recession, And The IRS Is Loosening Restrictions In Preparation For Something Big...

The Daily Ninja 8/6/24

Updates From The Economic Ninja

(8/6/2024)

(8/5/2024)

  • ๐Ÿšจ An emergency is happening in so many different places in the world and in our nation both geopolitically and economically, today is a rough day for world news.

  • ๐Ÿ“ˆ JP Morgan's warning about the volatility index (vix) indicates a potentially bad situation in the market.

  • ๐ŸŒ Geopolitical tensions are escalating with North Korea and Iran, while riots in Europe are being overlooked by the media.

  • ๐Ÿ“‰ The market is facing a potential liquidity crisis, which could have a significant impact on banks and their balance sheets.

  • ๐Ÿ”‘ "The goal is he who has some money at the end runs everything."

(8/4/2024)

  • ๐Ÿšจ The US economy may have just entered a recession, triggering alarm bells with a perfect track record through at least the last nine recessions.

  • ๐Ÿšจ The number of unemployed people has now grown by 14.5% year over-year over the last or at least the last 11 instances that this has happened.

  • ๐Ÿ’ฐ The economy is on life support, with recession indicators causing fear and potential market downturn.

  • ๐Ÿ“‰ The ISM Manufacturing Index fell further into contraction territory, signaling a continued slowdown in US manufacturing.

  • ๐Ÿ’ฐ The purchasing power of your dollar has been absolutely utterly decimated, leading to the guarantee that markets go up and down.

  • ๐Ÿ”ฅ "We've turned fear right into Fuel and that's what we need we don't need to be manipulated by fear we need to eat fear for dinner and if it tastes like a ribeye I'm going to eat a ton of fear tonight."

(8/4/2024)

  • ๐Ÿ”„ The cycle of collectibles market collapsing during recessions is already starting to happen, as seen with the flooding of the market.

  • ๐Ÿ“‰ The Ninja predicts a significant economic collapse and warns that the media's aggressive use of the word "recession" indicates the severity of the situation.

  • ๐Ÿ’ธ The IRS is now loosening restrictions on accessing retirement savings in case of emergencies, recognizing that many people don't have enough saved in their regular savings accounts.

  • ๐Ÿ’ธ Pension funds are taking loans just to stop the bleeding of finances in the commercial property sector, showing the severity of the situation.

  • ๐Ÿ“‰ The potential consequences of dropping interest rates could lead to hyperinflation and economic instability.

  • ๐Ÿ’ก "I don't agree with taxation at all. I would want to see a flat use tax."

  • ๐Ÿ—๏ธ The correlation between the introduction of federal income tax and the country's development is thought-provoking.

  • ๐Ÿ’ฐ Most people don't know the significant impact of dropping the tax for corporations and the effect it has on large corporations leaving America to pay no tax.

Go out and crush it!

-Ninja Out

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