The Dow Jones Industrial Average has crossed the incredible milestone of 40,000 for the first time. This achievement is certainly impressive, but it raises many questions and concerns about the state of the economy and the well-being of the average American. As I look back on my own investing journey, starting almost a decade ago when the Dow was at 17,000, I remember how people were predicting a crash at that time. It seems that the fear of a market crash is a constant undercurrent in discussions about the stock market.
It’s concerning how the stock market is often used as the sole benchmark for the success of the economy.… Continue reading
9.5 weeks into Milei’s presidency, Argentina is seeing its first monthly budget surplus in 12 years. This news has sparked polarizing opinions and heated debates, with some hailing it as a significant achievement and others viewing it as a short-term gain with potentially damaging long-term repercussions. The path to this budget surplus was not an easy one, as it involved stringent cuts in public expenditure, leading to a significant reduction in government spending and a massive increase in tax revenues.
The idea of achieving a budget surplus by simply cutting expenses is not a new concept. It’s akin to someone selling every possession they own, including their home, only to realize they now have a surplus of cash in hand.… Continue reading