Mortgage Rates Drop As Bad News Hits The Real Estate Market

(6/11/2024)

• 🏠 Mortgage activity hits its lowest level since the year 2000, showing the sickness of this economy and housing market.

• 📉 Mortgage rates are dropping as residential lending activity is down 4.8% annually and 69.3% from its peak reached in 2021.

• 📈 The current rate hike is the mother of all rate hikes that hasn't been seen on a percentage basis in the last 100 years.

• 📉 The drop in mortgage rates is bad news for the real estate market.

• 💸 "By the time the FED actually lowers rates in a meaningful fashion, it's going to be too late because there won't be any buyers even worse than what's going on today."

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Biden Is Destroying Businesses

(6/11/2024)

• 📉 Two-thirds of small business owners in America are worried that Biden's economy will kill their businesses.

• 💼 Around 67% of small business owners are worried that current economic conditions under President Joe Biden could force them to close their doors.

• 💰 Small businesses are more vulnerable to high taxes and costly regulatory environments compared to their large corporate counterparts.

• 💼 Two-thirds of small business owners are deeply concerned about the likelihood of their business moving forward due to failed economic policies and inflation.

• 💼 Many businesses are at risk of failing in the next year and a half due to inflation, making it difficult for people to buy goods and services.

• 💼 Many business owners are struggling to maintain their businesses due to the increased costs of employment and fewer customers walking through the door.

• 💰 Fast food chains like Rubio are closing down due to the increase in wages and workman's comp costs, impacting businesses and employees.

• 💸 The government's lack of control over inflation is negatively impacting small businesses.

He Wants To Eliminate Tax On Tips For Service Workers

(6/11/2024)

• 🍽️ The Ninja argues that forcing restaurants to raise their pay could negatively impact their ability to make a profit and grow.

• 💸 The discrepancy between the high earnings from tips and the low minimum wage in the service industry highlights the need for fair compensation and tax policies.

• 💰 "Why don't we not tax tips on the federal level and hopefully some states will back that up and let's just let people make the decision where they want to work."

• 💰 Trump's plan to eliminate tax on tips is seen as a way to create a freer America with more money in people's pockets.

Toyota Is In Real Trouble

(6/11/2024)

• 📉 Toyota is in a lot of trouble, from losing market share to falsifying safety data, and the entire car industry is collapsing in on itself.

• 💰 Toyota Corporation is taking on the burden of high inventory by owning the cars and offering low financing rates on leases.

• 🤯 Toyota lost over $15 billion in market value after being caught falsifying test results, causing shares to plunge more than 5%.

• 📉 Toyota stock tanks as cheating found and parts plant closing.

• 🚗 Toyota's closure of its largest auto parts manufacturing facility in Maran affecting 1,300 employees reflects a significant shift in the US operations, indicating a potential collapse in the auto industry.

• 🚗 The Ninja expresses excitement about the potential for lower car prices and a "liquidity event" in the banking system, indicating a positive outlook on the future.