Hello Friends,
Happy December! Christmas music can now officially be played.
I have 4 fun facts for you today. I hope this holiday season is off to a good start for you and that you have a great weekend!
Andrew
Fun Fact 1:
Housing prices continue to rise nationally across all indexes.
Source: Logan Mohtashami; Advisor Perspectives
Fun Fact 2:
There hasn’t been a nuclear power plant built in the US for a long time.
Source: Power Reactor System Database, JPMAM, December 2023
Fun Fact 3:
When Javier Milei took office as the new President of Argentina last December, their monthly inflation rate was 25.5%. Today it stands at 2.7%. How did he accomplish this monumental feat?
By slashing federal spending by 32%, cutting the number of government ministries from 18 to 8, reducing energy and transport subsidies, and freezing public works projects. This generated Argentina’s first government surplus since 2008.
Source: Charlie Bilello
Fun Fact 4:
Unless we see a concerted effort to cut the $2 trillion deficit, there will be more of these National Debt milestones in 2025. (Hopefully the next administration can replicate some, if not all of what Argentina has done in the fun fact above.)
Source: Charlie Bilello
Quote I’m pondering:
“A good steward understands money, not for the money, but for the possibilities.” – Lynne Twist, author of The Soul of Money
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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security, or to buy or sell real estate property. Read our full disclosures HERE.
