THIS IS VERY CONCERNING



The US economy might be heading towards stagflation, and the consequences could be disastrous.

Let me tell you how:

Since the US-Iran war has started, oil prices are going through the roof.

In just 5 days, US oil prices have moved from $70 to $82, an 18% increase.

If we use this data since the last CPI data was released, US oil prices are up nearly 32%, or $19.6.

As per some estimates, every $10 increase in oil prices causes a 0.2% rise in inflation and a 0.1% drag on GDP.

Right now, the US CPI is at 2.4%, while last quarter's GDP was at 1.4%.
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