🇺🇸🚢🇨🇳 Container shipping traffic from China to the US is plummeting:
The number of ships departing from China to the US over the last 15 days has dropped to its lowest since February.
Excluding the Chinese New Year-related decline in February, this is the lowest level in over a year.
Shipping volumes have declined by ~50% since mid-April as reciprocal tariffs began.
This is all despite the US-China 90-day tariff truce announced on May 12th.
The effective US tariff rate on China is above pre-April 2nd levels, at 33%.
US-China trade is coming to a halt.
🔗 The Kobeissi Letter
THE COST OF THE AMERICAN DREAM HAS EXPLODED.
Owning a home.
Buying groceries.
Driving to work.
Paying insurance.
Even your morning coffee.
Nearly every major household expense costs dramatically more than it did just a few years ago.
Over the last 7 years:
• Coffee: +127%
• Home prices: +60%
• Auto insurance: +51%
• Gasoline: +49%
• Electricity: +44%
• Shelter: +35%
• Groceries: +33%
And that's before paying for healthcare, transportation, or eating out.
This is why so many families feel like they're falling behind even when they get a raise.
The biggest financial problem for millions of Americans is that everything is going up at the same time, while the government keeps showing a 2% inflation target.
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Biohacker Bryan Johnson claimed he cloned himself as a newborn for the purpose of providing him blood and cells.