The World Economy Is Contracting...

Problems With Home Improvement Stores, Global Economic Slowdown Happening Now, The Dems Are In Turmoil, Investors Are Worried About Their Retirements and much more...

Economic Ninja
August 13, 2024

(8/13/2024)

(8/12/2024)

📉 The trending downward indicator of the economy is a big indication that trouble is brewing.
📉 Commodity prices tumbling indicate underlying weakness in the global economy, signaling a potential recession.
💰 The money changers have kept a lot of information away from you, affecting how people make money in the world.
🚨 Copper is viewed as a signal of what is likely to happen with the economy, according to Bart Milik, Global head of commodity strategy at TD Securities.
📉 The narrative of the super cycle in growth industries like electric vehicles and renewable energy is dissipating very quickly, with copper futures down nearly 12% over the last month.
🌍 It looks like the entire world is contracting at the same time, not just an American recession that we're seeing, we're seeing it all around the globe.
💰 The potential for higher inflation as a result of the Federal Reserve lowering interest rates again.
💳 The banks will still be loaning during a depression, but most people couldn't afford it and could not qualify for the loans.

(8/12/2024)

🔥 Nancy Pelosi's alleged role in pressuring President Biden to drop out is causing turmoil within the party.
🤔 Biden's Freudian slip about a peaceful transfer of power if Trump wins raises questions about potential future unrest.
🔑 There are many loopholes and tips to get your credit score up, leading to managing one's own credit effectively.

(8/12/2024)

💰 It's important to do your due diligence when investing, as many non-banking entities and alternative investment firms may vanish during a collapse, leaving investors in the dark.
🏦 Banks collapsing and underreporting is causing people to lose their savings without knowing where it went.
📉 "As the markets tank, you're going to see a lot of these would-be overnight success stories, these companies investing for people's retirement funds that are going to be completely fake."
📉 Many retirement companies are not insured by the FDIC, so be super careful about where your retirement savings are invested.
💸 The fear of losing retirement savings is a real and devastating concern for many Americans, especially those close to retirement.

(8/12/2024)

🏠 The housing market in Austin is collapsing, and it's a sign of what's to come in other states.
🏠 Austin housing market distress sees prices slashed by over 30%.
🏠 Austin's housing market is in acute distress as newly built homes flood the market while sales plummet, indicating a significant imbalance in supply and demand.
📉 Hedge funds are walking away from home Builders, leading to lower prices and potential lawsuits in the real estate market.
📉 Rising unemployment and inflation despite government claims of economic stability.
📈 The steep decline in Austin's housing market has outpaced the drop in new listings, indicating a potential housing crisis.
💰 The average price cut of 7.23% on new builds in Austin indicates very motivated sellers, with some properties being slashed by up to 31.3%.

(8/12/2024)

(8/11/2024)

😨 The survey reveals a shift from using credit wisely to being unable to pay it off due to life circumstances, reflecting the economic challenges many Americans are facing.
💸 Many people are unaware that exceeding a certain utilization ratio on their credit cards can negatively impact their credit score.
📉 The economy crashes and goes into big housing corrections due to credit, not just stock market fluctuations.
💳 50% of American credit card holders carry a credit card balance from month to month, showing a rapid increase from previous years.
💳 Taking small steps to manage credit card debt can lead to a significant boost in credit score and financial opportunities.
💰 It's important to keep your credit score high, as having an 800+ credit score can save you a significant amount of money when dealing with banks.
📈 The idea of becoming the greatest financial educator in the country is a bold and ambitious goal, but it's inspiring to see someone striving for it.
💳 50% of American credit card holders have decided not to pay their balance and have no plan to do so, indicating a concerning trend in personal finance.