Steve Cortes, host of Cortes and Pellegrino on NewsMax TV predicts some dire numbers for the American economy.
Cortes points-out his own history as a bond trader, where he had to keep track of inflation rates, "it is so clear, that this current inflation spike is 100% because of Joe Biden, what he and the Democrats on Capitol Hill are doing."
"We already had too much borrowing and too much spending in the US, even under Donald Trump. We've had it for 20 years, we've been borrowing and spending too much. But he took it to another level," says Cortes, "he absolutely put it into another gear."
Cortes says this will lead to inflation not seen since the 1970s, and he fears, "its going to get markedly worse unfortunately because of what Joe Biden is doing."
