Total disaster....

$100 oil is back.
Brent crude prices are now officially trading above $100/barrel up +42% in 20 days.
Inflation expectations and interest rates are rising sharply again.

30-Year Treasury is yielding 5.18% trading at its highest level since the run-up to the Global Financial Crisis.

Ground beef prices are up 22%.

ACA out-of-pocket premiums are up 58% and climbing.

American Airlines stock tumbled 8% today as fuel prices spike higher.

Thanks to Trump, the debt held by the federal government has surpassed 100% of GDP.

Thanks to Trump, the U.S. is now spending more on interest payments than on national defense for the first time in history! (For my MAGA friends who failed economics see Ferguson’s Limit)

Trump added $2.25 trillion to the national debt in his first year back in charge, The total national debt has grown by $71,884.09 per second for the past year.

Under Trump US money creation has also accelerated at an alarming pace.
Year-to-date, M2 money supply has soared +$698.6 billion. Money supply now stands $1.3 trillion above the March 2022 peak.

The explosion of the national debt under Trump is an act of intergenerational theft.
Far from "Making America Great", his policies have eroded our long-term stability, elevated interest burdens, and reduced future governments’ ability to respond to crises.

"Trump is a @#$%ing moron!" ~Rex Tillerson

"There is no danger that Titanic will sink. The boat is unsinkable!" ~Philip Franklin, White Star Line VP