Independent thinking for complex markets and current events
If this is “far right,” why is the economy finally working? Argentina’s economy when Javier Milei became president vs. today: GDP growth: from -1.6% to +5.2% Inflation: from 211% to 31% Poverty rate: from 42% to 28% Isn’t it funny that legacy media still calls him a right-wing populist? What more evidence do they need? …
Fannie Mae is set to drop its 620 credit score minimum this month. On the surface level, this is huge, renters with good payment history, young people with thin files, anyone locked out by arbitrary score floors suddenly has a shot at conventional financing. Also, first time buyers are collapsing so Fannie Mae desperately needed …
Russia accused Ukraine Sunday of launching drone attacks that sparked a fire at a nuclear power plant in its western Kursk region overnight, as Ukraine celebrated 34 years since its independence. https://t.co/p1wo977EWu — CityNews Toronto (@CityNewsTO) August 24, 2025 President Trump said that Ukraine would have to continue attacks on Russia to have any hope …
Markets cheered, but the message was hawkish. Powell didn’t promise cuts. He didn’t hint at September. He made the Fed’s caution sound like reassurance. That’s not dovish. That’s tight policy, carefully cloaked. “Risks to inflation are tilted to the upside, and risks to employment are to the downside — a challenging situation,” Powell said. Stocks …