Challenges of U.S. Sovereign Wealth Fund

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This chapter explores the idea of establishing a U.S. sovereign wealth fund against the backdrop of the country's significant debt and trade deficits. It contrasts the U.S. situation with successful models from other nations and examines the implications for economic competitiveness and investment in critical industries. Additionally, it covers the state of the labor market, recent economic data, and the impact of potential interest rate decisions on future growth.

Episode 405: Neal and Toby discuss the whisperings of the US government working on a sovereign wealth fund to invest in national security projects. An idea that both Trump and Biden are warming up to. Then, last Friday’s jobs report gives closer assurance of a Fed rate cut, but has spooked investors as Wall Street has another rough week. Next, OnlyFans’ quiet success has made tons of money for its majority stake owner. What has been the key to their success? Also, Selena Gomez is a billionaire and American drivers are happy about low gas prices. Lastly, what to know in the coming week ahead.

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