by Shaun Richards
This is life under Joe Biden. Record sovereign risk, record high debt, near 40-year highs in inflation, a hot war in Ukraine with Russia, failure of DOJ/FBI to do anything about the content of Hunter Biden’s laptop, repression of free speech, soaring crime, out of control borders. Should I keep going? It is a disastrous mess created by Obama/Biden and their creepy allies.
US sovereign risk just hit 130, the highest since CDS was recorded. This alligns with Biden/Congress massive borrow and spend policies where Federal debt has soared to it highest level in history. Inflation, while cooling, remains high.
![](https://confoundedinterestnet.files.wordpress.com/2023/04/cds042223.png?w=736)
On the housing front, REAL national home price growth is negative which makes sense since REAL average hourly wage growth has been negative for the last 24 months.
![](https://confoundedinterestnet.files.wordpress.com/2023/04/realhousewageown.png?w=736)
Biden and Obama’s chief hack in the White House, Susan Rice, are burning down the house.
And she was.