Hello, Hello, Rebel capitalists hope you're well.

So let's get into an article from the Wall Street Journal

that shows us the truth about what Baidnomics is doing to the American economy.

We're going to go right over there and unfortunately we don't have Josh this morning.

It is true, he just text me. He told me that he is being interviewed.

Whoa Josh moving up in the world, huh? Pretty fancy, pretty fancy. Look what happens when you come on the

Rebel Capitalist channel all the time. My goodness gracious being interviewed right now. BIP status in the macro world.

All right, let's shoot over to this Wall Street Journal. Article here, we've got the scree,

I gotta do this all by myself now, my goodness gracious,

what is this world coming to?

Okay, here we go.

Now let me scroll down here, see if I can do both jobs while Josh is off being a big shot.

Wall Street Journal, how U.S. household goods got turned upside down.

Household goods.

It's early in the morning.

How U.S. households got turned upside down

by higher interest rates. I just scanned this article and these charts are absolutely fantastic. So you're going to want to watch this till the end of the video. It's just some jaw-dropping stats here.

First and foremost, share of annual income

needed to cover housing costs.

I mean, going back forever,

you take a personal finance class in high school. It's always 30%.

Right? That should be at the max. 30% of your budgeting. Now, oh great, we're up to 40%.

...