"No one has ever been a success betting against America since 1776 — and they're not going to be a success in the future doing it, either." – Warren Buffett

There is now a record $1.3 trillion in total credit card debt in the US - at an average interest rate of 21%. This is the #1 wealth killer in America by a landslide

Once the Strait of Hormuz reopens it could take: > 3 months to get back to 70% of lost production > 6 months to get back to 88% of lost production > further recovery could take much longer

UoM Consumer Sentiment sees a drop. The chart doesn't look great - seems to have dropped to levels seen mostly during recessions