Argentina is currently experiencing one of its worst economic downturns in history. As of October 2023, inflation rates have soared to 140%, resulting in the Argentine peso losing 44% of its value in just the two months prior. As the country gears up for a runoff election in November between the leading Peronist candidate, Sergio Massa, and the radical outsider, Javier Milei, the world turns its attention to the uncertain future of Argentina.
Regardless of the benefits and drawbacks of fast fashion, it is important that we start living sustainably and use the right ingredients to make our clothing. The path we are on now will have long-term negative effects on the earth’s resources, resulting in waste in underdeveloped areas of the world, as well as other profound negative consequences.
As inflation continues its upwards hike, savvy consumers can respond to the increased interest rates by shopping for a better savings account option. Protected from the variability and risk of investing in the stock market itself, there are four great accounts that can provide a safe alternative for savings without allowing it to sit idly losing value due to inflation.
Among other factors, the distribution of some $5 trillion of pandemic stimulus likely compelled the Federal Reserve to enact monetary policy to counter inflation. If financial tightening persists, investors might be urged to consider the long-term implications for the stock market in today’s post-pandemic world.
Previously, electric cars were viewed as a poor class of vehicles to be looked down upon; with the release of the Model S, Tesla became a “gold standard” of automotive production and served as a model for other automakers to base their cars on. Tesla had beaten every automaker to the jump on stylish, efficient, and powerful cars, and other leaders of the industry were scrambling to compete.