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Steve Cortes: 6 Charts That Show the Dire State of The Economy ๐Ÿ“‰

The #BidenInflation surge, in various economic stats & market prices, #bidenomics are pushing the debt to the brink. Now, as supply chain slowdowns and cost increases take hold, a "Dark Winter" and "Biden Blue Christmas" lie ahead thanks to his reckless spending and borrowing.


Steve Cortes, former Senior Trump Advisor and former Wall Street insider assembled 6 simple charts that demonstrate just how quickly things have gone south in America:


First, 5 year chart of PCE Core Inflation, highest in 30 years (1/6)


Consumer Price Index & Inflation

Now, the overall Consumer Price Index back a year, highest jumps since 2008. Note how tame Inflation was under Pres Trump, then exploding with Joe, Nancy, and Chuck at the economic helm...


Market Prices: We'll use Cotton as an example, but keep in mind similar, if not larger cost increases are affecting everything from Coffee to Lumber.


Cotton is up 51% since the Nov 2020 election, as Commodities from Coffee to Crude vault higher amidst the Biden Inflation Spike, punishing Consumers


Energy Price Increases

This winter will be brutal for people of modest incomes heating their homes. Nat Gas prices have soared, in part thanks to Biden's war on US Energy - same story here with Propane, which has almost tripled in price since Election Day


Financial Markets & Interest Rate Increases

Financial Markets globally respond to the Biden Inflation Spike. Here, a one year chart of benchmark 10 Year US Treasury Yields -- jumped from historic low of 0.88% on Election Day to 1.46% now.


Slowdown in the Housing Market & Increase in Rents

Housing led the US recovery from the Spring 2020 lockdowns, but now the sector sputters thanks to Biden. Here is a one-month chart of the S&P Housing ETF, the XHB, which lost 9% in September


Source: Gettr - Steve Cortes

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