Finance
Good old paper money still is a great business to be in (even if it's a fast disappearing business)
https://mail.blockworks.com/p/the-fed-is-losing-billions-everywhere
🚀 Would you bet against Elon Musk? He’s eyeing a $20 trillion valuation for Tesla — putting it in the same league as gold ($22T total value). Today, Tesla sits around $1T.
For context:
👑 Nvidia is the world’s biggest company at $4.2T
₿ Bitcoin is at $2.3T
Bold vision, Elon. Still a very long road ahead.
"What does this tell us about the Japanese economy? Precisely nothing — in fact the Japanese services sector activity reading had a surprise rise in July, fueled by domestic demand, meaning that economy is chugging along nicely as well. All it told us was how overbought the Japanese sharemarket was."
https://www.crikey.com.au/2024/08/06/us-recession-fear-japanese-market/
Elon Musk says DOGE is investigating federal workers with low salaries but high net worths.
"There are quite a few people who have a salary of a few hundred thousand dollars, but somehow manage to accrue tens of millions of dollars."
Freelancing is a type of work where individuals offer services independently, often on a project or contract basis, rather than being employed full-time by a company. Freelancers set their own schedules, choose clients, and may work in various fields like writing, design, or programming, often remotely.
Create a budget: track income and expenses to save regularly. Build an emergency fund with 3–6 months’ expenses. Invest in diversified assets for long-term growth. Avoid unnecessary debt, and pay off high-interest loans first. Monitor spending, set goals, and review financial plans annually.
S&P 500 records 9th consecutive day of gains, the longest winning streak in over 20 years.
The Russian Ruble is still being crushed by the dollar… down 10% for the month, but it is much better than a few days ago…
