Sloppy Joe! Seven Charts Showing The Serious Problems With Bidenomics (Rising Interest Costs, 15% Lower Purchasing Power, Surging Shipping Costs, Etc)

#bubble, #inflation, #wine, @MetreSteven @JeffSnider_AIP @DiMartinoBooth @bondstrategist @RaoulGMI @LukeGromen @dlacalle_IA @EconguyRosie @profplum99 @SantiagoAuFund @biancoresearch @pboockvar @SriKGlobal, Agency MBS, Bank of England, Bank of Japan, Banking, Bernanke, China, CMBS, CRE, Credit, Currency, ECB, Economy, fannie mae, Fed, Freddie Mac, GDP, Germany, Gold, Housing, Inflation, Jobs, Mortgage, New Home Sales, Oil, Pension, Powell, REITs, Silver, SPX, Stocks, Treasuries, Treasury, Uncategorized, Wages, Yellen, Yield Curve 1 Minute

Joe Biden can be called “Sloppy Joe” because of the economic havoc he has sprung on an unsuspecting middle class. The following seven charts are what keeps me up at night (unlike what keeps multimillionaire Michelle Obama up at nights).

First, US interest payment on Federal debt is rising faster than our bloated military budget. Thanks mostly to The Fed raising rates to fight inflation under Biden.

Second, contrainer shipping rates are soaring thanks to Iran’s interference in the Middle East and Biden’s failed diplomacy with Iran.

Third, food prices are over 20% more expensive under Biden while gasoline prices are over 28% more expensive under Biden. Housing is also more expensive under “Sloppy Joe” as in 33.5% more expensive.

Fourth, Bidenomics is about adding more non-productive government jobs.

Fifth, Department of Homeland Insecurity Secretary Alejandro “Cuba Pete” Mayorkas just admitted that 85% of illegal border crossers are released into the general public. I was stunned by this revelation. I just assumed that Mayorkas waived EVERYONE through. Frankly, I think Mayorkas meant he stopped 85 migrants out of the millions who has crossed the border under Sloppy Joe.

Sixth, Grayscale Bitcoin Trust $GBTC traded close to half a billion on Monday. Which shows the lack of confidence in Biden’s handling of the economy.

Seventh, purchasing power of the US Dollar is down 15% under Sloppy Joe.

While some may view Biden’s policies are planned destruction of the US economy, it could simply be that Biden (who is one of the stupidest people in Washington DC) simply is grossly incompetent and … sloppy.

Unknown's avatar

Published by confoundedinterest17

Published