Full screen recommended.
"Finance Economist, 5/14/26"
"People Don't Know What’s Coming Next -
And They’re Scared!"
"Right now 4,500 ships are stranded near the Strait of Hormuz unable to pass through. FedEx raised its fuel surcharge to 26.5 percent. Bank of America reported credit card spending at gas stations spiked 16.5 percent in March. Consumer prices rose 0.9 percent in March alone, triple February's pace. Costco and Sam's Club are reporting bulk-pack sellouts with restocking timelines measured in weeks not days. Freeze-dried emergency food kits that sat untouched for three years are selling out in 48 hours. Prescriptions are being filled ahead of schedule. Gas cans, generators, and water pallets are moving at pandemic-era rates. The University of Michigan Consumer Sentiment Index fell to 47.6 in April, the lowest reading in the entire 75-year history of the survey. Lower than the 2008 financial crisis, the pandemic, 1970s stagflation, or September 11th. The deterioration was across age, income, and political party. Diesel fuel is up 45 percent. Every product in America ships by truck. Every truck runs on diesel.
A roofing contractor reported materials up 8 to 9 percent on April 18th with another 10 to 12 percent increase coming June 1st. A $10,000 roof last month costs $11,000 now and $13,000 by June. Approximately 80 percent of active pharmaceutical ingredients in American medications are manufactured overseas. Pain relievers, vitamins, antibiotics, and prescription medications are being pulled from pharmacy shelves as patients fill prescriptions weeks early. Ready.gov disaster supply guidance is being cited in Newsweek, Mirror US, and AOL coverage. Fortune covered the March 2026 toilet paper panic which has spread beyond the US to Japan. Median household income adjusted for inflation was no higher in 2024 than in 2019. Credit card delinquencies climbed to the highest in almost a decade. Auto repossessions hit the highest since the financial crisis. Americans are scared. Everyone is preparing."
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