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Thomas Sowell on Government Finance

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The market's recovery has been historic:

The S&P 500 hit a record $55.7 TRILLION in market cap last week.

This means the S&P 500 has added $11.4 TRILLION since April’s low.

Nvidia alone, $NVDA, has added ~$1.6 trillion in value, reaching a record $3.9 trillion.

Year-over-year, the S&P 500’s market cap has surged by $6.9 trillion, or +14.6%.

We just witnessed one of the fastest and largest rebounds in market history.

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Finally kids without a iPhone or iPad

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The former First Deputy Head of Russia’s National Guard Viktor Strigunov, has been detained on charges of abuse of power and bribery.

According to Kremlin media, the case involves the embezzlement of hundreds of millions of dollars during the construction of a military training ground near Novosibirsk.

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BREAKING:

Another official at the Russian Ministry of Transport died today

Andrei Korneichuk, deputy head of the Land Fund Department of the Ministry of Transport, has died at the age of 42 from the cardiac arrest. He stood up during a meeting and collapsed on the spot.

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Sub > dub, empirically!

Countries with subbed English-language TV programming tend to be better with English than countries with dubbed programming.

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Stephen Miran: "What the people who predict big deficits don't understand is that economic growth is going to soar in response to these policies... more investment means more income. More income means more tax revenue and as a result, deficits go down."

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