We understand that not everyone shares our enthusiasm for graphs, charts, and financial data, and that’s perfectly fine!
Today we want to make it easy for you and share several charts with you to illustrate just how unusual this year has been, both in the United States and abroad, as well as what the past month has looked like.
Here’s a Summary of Today’s Video in 7 Points
- U.S. government spending has risen while tax revenue has decreased.
- Our long-term debt now exceeds $33 trillion.
- The Consumer Price Index (CPI) dropped as interest rates increased.
- The S&P 500 has surged by 17% in 2023, ranking 10th globally in returns this year.
- The bond market has experienced three consecutive years of decline—the first time in a century.
- U.S. home sales have declined by 15% year-over-year due to high-interest rates deterring buyers.
- The 1-year Treasury Bill is at its highest level since 2000, driven by high inflation.
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