The federal budget deficit for 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenues. The fiscal year ended on Sept. 30.
Spending rose 10% to $6.7 trillion in 2024, the Treasury reported, while revenues rose 11% to $4.9 trillion.

Twitter feed image.

China’s leader, Xi Jinping, is expected to continue his industrial policy of developing advanced manufacturing, yet it hasn’t been able to lead the necessary economic growth by compensating for the housing market’s decline. Digging out of the economic hole may take decades. Wow!

Twitter feed image.

All three major U.S. stock indexes closed higher Friday, each clinching a 6th straight week of gains. The Dow rose 36.86 points Friday, or 0.1%, to finish at 43,275.91. The S&P 500 rose 23.20 points, or 0.4%, to close at 5,864.67. The Nasdaq climbed 115.94 points, or 0.6.

Twitter feed image.

What does China need to achieve 5 % growth and bring back the economy? Prominent Chinese economists floated numbers between 8 trillion yuan and more than 10 trillion yuan. China has kept the world on the edge of its seat for a significant spending package -- this is much needed!

Twitter feed image.

Investors should be less interested in politics and more interested in private-sector business leaders who are harnessing artificial intelligence and robotics. They may be able to help cure debilitating diseases, evolve the nation’s energy sources, and develop new technologies!

Twitter feed image.

Investors don’t have to love what is happening in Washington to prosper in the markets. In fact, the S&P 500 historically performed the best when the president’s approval rating was in the low range — between 35 and 50.8 Thus, the markets have delivered some of its best returns!

Twitter feed image.

Does politics affect your money? Hypothetically, the best-performing portfolio from 1900 to 2023 was the “bipartisan” one that stayed fully invested during both Democratic and Republican administrations. Starting with $10,000, this portfolio grew to almost $9.9 million.

Twitter feed image.