Rosita

La principal noticia del día es sobre un gasto equivalente al 0,005% del gasto público del Uruguay, con el resultado previsible de desatar la ira y la indignación......por la nada misma. PD: Es posible que una porción de ese gasto no se justifique. La mayoría, seguro que si.

For the first time in three decades, the dollar is collapsing against the Israeli Shekel, which is used in the Palestinian territories and upon which the entire Palestinian economy is built in Gaza and the West Bank. 1 USD is 3 New Israeli Shekels (NIS) after normally being in the 4.5-3.3ish range for the past three decades. This is causing problems for the Palestinian Authority, employees, public sector, NGOs, and the financial sector, which already suffers from several serious issues. This is driven by robust economic growth in Israel, the perceived strengthening of the country's geopolitical position in the Middle East, and the massive growth in defense exports. Some will point to this as evidence of Israel's remarkable resilience after two and a half years of wars and the worst attack against the country in its history, while others will use this to argue for reduced foreign assistance to an already rich and capable state. Regardless, definitely something to keep an eye out for.

The S&P 500 just hit a new all time record high. It is now up 2000 points since last April when the “experts” told you our economy was collapsing.

Ground beef prices are up to $6.73/lb. At this point, the backyard burger is becoming a delicacy.  Make sure to enjoy every bite this summer!