We’ve been consumed with the tragic deaths and physical health fallout of the vaccine, and we’ve touched a little bit on consumer confidence, along with how the market will respond to the rollout of the jab, but what about the last year and how manufacturers view a Biden presidency, and how they prepare to absorb these astronomical corporate taxes? What about farmers, loggers, refineries and any other industry that directly affects your pocketbook? In the last 365 days, the United States has seen an increase in lumber of 265%. That was alarming, so we took a look at some of the others. Crude is up 210%, gasoline 182%, heating oil 107%, corn is up 84%, copper, soybeans, silver, sugar have all spiked up 60%, cotton is up 54%, and other things like wheat and coffee have seen drastic price increases in the first 100 days of the new administration. The question is, how are Americans like you and I…real people out here trying to provide for a family, going to be able to survive when our income isn’t increasing at the same rates?
Carlos Cortez, Jr. independent fiduciary and CEO at Cortez Wealth Management and a Stew Peters Show contributor, joined the show today to provide some insight.
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