Fire! Yes, Biden and Congress created a fire with it reckless Federal spending leading in 40-year highs inflation, prompting The Fed to counterattack with rapid rate hikes.
We now see the 10-year Treasury yield passing 5%. And the REAL 10-year Treasury yield passing 2.46%.
And Freddie Mac’s 30-year mortgage rate survey is at 7.63%, the highest since 2000.
Washington DC’s rampant spending is going to hurt you for a long, long time. And Biden is now prposing $100 BILLION MORE for Ukraine and Israel. Face it, that’s all Democrats and RINOS know what to do … throw money at problems.
Conference Board is now forecasting a “shallow recession in the 1st half of 2024,” pushed back again from prior calls for a recession to start in Q4, Q3, Q2, and Q1 of this year.
Here is how I feel about Washington DC in general.
