The inflation story in one chart: gas +40% y/y, energy +24%.
An entirely self-inflicted wound caused by Trump’s War on Iran.
Americans struggling to pay their student loans are defaulting on other debt too.
In particular, 57% of student loan borrowers in default are also failing to pay their credit card debt.
My @morningjoe-msnow.bsky.social Chart.
With rising inflation and interest rates, more Americans are defaulting on their mortgages.
For the poorest communities, the rate has increased nearly sixfold.
My @morningjoe-msnow.bsky.social Chart.
401(k) hardship withdrawals are rare, but they spike when Americans’ saving and income don’t cover their expenses.
Since 2020, Vanguard data shows they have more than tripled.
My @morningjoe-msnow.bsky.social Chart.
As SpaceX aggressively targets retail investors for its massive IPO, it's critical to look at the data on IPO performance.
Day 1 returns are big for those who get allocation, but after the open, investors usually trail the market — by on average -4.4% for the largest public offerings.
Delinquencies are up across loan categories since 2024.
About 13% of credit card balances, and 10% of student loan balances are currently delinquent.
My @morningjoe-msnow.bsky.social Chart.
The Iran War bumped inflation over nominal wage growth for 2 months.
That means real wages actually shrank last month by 0.8%.
Trump has been pushing the Fed to cut rates since he was elected.
Because of his inflationary Iran War, the market thinks the Fed may now do exactly the opposite.
My @morningjoe-msnow.bsky.social Chart.
Inflation spiked to its highest level in 3 years last month: 4.2%.
Trump’s tariffs and the Iran War are undoubtedly hurting Americans’ pocketbooks
Inflation has overtaken wages for the first time in 3 years.
That means Americans’ incomes are shrinking in real terms, largely because of the Iran war.
My @morningjoe-msnow.bsky.social Chart.
