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Turns out the “crazy” guy with a chainsaw knew what he was doing. After experts warned Milei would destroy Argentina, his 30% spending cuts and mass bureaucrat firings led to the first budget surplus since 2008. Even more shocking? His 50% approval rating suggests Argentinians prefer smaller government and 2.4% inflation over socialism’s 118% interest rates. Who knew? Source: NY Post submitted by /u/XGramatik |
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TKL: The “Fed pivot” is officially DEAD – Stocks are crashing after the US added nearly 100,000 MORE jobs than expected in December. The unemployment FELL to 4.1% just after the Fed said the labor market was “weakening.” So, why are stocks crashing? Let us explain.
To begin, the US economy added 256,000 jobs in December, or 92,000 MORE than expected. On average, the US economy