Traditional conservative political values are remarkably straightforward…
These values dictate that a smaller government is better.
Conservatives also argue that you shouldn't spend money you don't have.
In general, being conservative means you'd rather have the government leave citizens and businesses alone whenever possible.
These practical values helped guide America's growth and success for generations.
Striking a practical compromise between conservative sensibility and loftier liberal ambitions was the magic that helped make the "American Dream" a reality.
Fast forward to 2024, and our politics are more polarized than ever before.
But there's still hope for a "New American Utopia," where these values are already transforming the future of an entire nation.
Specifically, we're talking about Argentina…
It's not widely known but prior to World War I, Argentina had the seventh largest economy in the world. Then the country was taken over by a series of radical governments — most notably Juan Perón (whose wife Evita became a worldwide celebrity).
After alienating foreign investors and businesses, Argentina's leaders drove the country to the brink of hyperinflation.
That's when voters placed their trust in a Dark Horse libertarian candidate … a man named Javier Milei with "radical" ideas about not spending money you don't have.
Next month, Milei will celebrate the end of his first year in office. And so far, his policies have been successful.
He's established a strong coalition within the Argentine Congress, slowed inflation, and even managed a fiscal surplus (something American leaders haven't pulled off since 2001).
But Argentina still has a long journey ahead…
Milei's coalition is going through government spending line by line, and frequently being forced to turn down popular causes (like a recent hike in pension payments).
According to the emerging markets experts at BancTrust, "We think that September could be the litmus test for the government's disinflation strategy … If inflation doesn't go down next month they will have to raise interest rates."
So we'll continue to keep a close eye on this story as it develops.
Big wave surfers travel from all over the world to ride the massive, 80-foot waves off the coast of Nazaré. World records are repeatedly set — and broken — on these monster swells over the years. The phenomenon of "convergence" is what creates these waves, and now the same force is creating some of the biggest investing opportunities in stock market history...
If you're making decisions based on the past five days of market activity, you're going to need more than luck. Trading on such a short-term time frame is not only difficult — it's almost impossible to do consistently. In my decades on Wall Street, I haven't met anyone who consistently made money trading on weekly trends. Here's what you should be doing instead to maximize returns...
After a massive run that lasted over a year and a half, mega-cap "Magnificent Seven" tech stocks appear to be dead in the water. Over the last month, the ETF that represents these top seven tech stocks (including Google, Apple, Microsoft, Facebook, Tesla, Amazon, and Nvidia) gained just 1.15% — less than half the return of the S&P 500 index. That's a sharp reversal of fortune, and it's due to the massive "sea change" mega trend playing out in today's stock market…
Until next time,
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