I highlight Milei's dramatic and often entertaining fight to decentralize Argentina, including his struggle against provinces that even began printing their own currency. HT @BowTiedMara for his excellent journalism on this thedailyeconomy.org/article/…

Saturday in the mountains, Sunday on the beach, another full weekend of New Hampshire adventures

I need to head down to Boston to hang out with the Scots

One of my favorite memories is celebrating with Argentines during the 2022 World Cup in La Plata

If the socialists had their way, Elon would have had his paypal profits taken and redistributed for the greater good. The world would never have seen Tesla, nor SpaceX. And the world wouldn't know it, because they were uncreated, and thus unseen. Imagine the companies that don't exist, because Washington destroyed them before they were born.

ITS CALLED SOCCER🦅🇺🇸

No, you don't get it. He does not have $1 trillion sitting in cash, it is 99% stock in his companies. To make that wealth liquid would mean selling all that stock which would swiftly destroy *both* the companies (Tesla, SpaceX, others) and the wealth. If he sold it all, he'd end up with maybe $100b max, several hundred thousand people would be out of work, the companies ruined and many of their suppliers also ruined. Okay, but now Elon has $100b in cash, and can "solve the world's problems". $100b divided by the world's 8 billion people is $12 If you were in charge, several of the most innovative industrial companies in the world would be destroyed, hundreds of thousands out of work, and space would again close to human civilization for another generation. But everyone on earth could have one nice meal and you could revel in your altruism.

I like Paraguay but what a smacking by this US team!

$1T net worth is mostly illiquid assets like stocks—not cash. Liquidating it all at once tanks value and isn't realistic. Recent studies estimate ~$300B/year in targeted transfers could nearly end extreme poverty for ~800M people (0.3% of global GDP). $1T covers a few years but doesn't fix root causes like governance, incentives, or institutions. One-time cash won't create lasting homes, healthcare, or "happiness" for everyone. Sustainable progress needs broad economic growth.

Argentina’s 🇦🇷 mining exports rose 84.3% in the first four months of 2026, reaching US$3.254 billion. All this without exporting a single gram of copper until 2030.

🇦🇷Argentina just greenlit the largest liquids processing investment in its history: $ 3B But the headline number isn't the story. The story is what's been quietly capping Vaca Muerta and what happens when that cap comes off. TGS will expand its Tratayén plant to 43M m³/d, build a 550 km multiproduct pipeline to Bahía Blanca, and add fractionation an export terminal there. Output: 2.7M tonnes/year of NGLs for export. $1.2B/year in hard currency. Startup 2029–30. Vaca Muerta gas is "rich" loaded with propane, butane, gasoline. No way to process and move those liquids = constrained gas output = capped OIL output too. This isn't a liquids project. It's the cork coming out of the whole basin. The tell that this is real: 80% of capacity is already contracted YPF, Pluspetrol, Chevron. Producers don't sign long-term throughput deals for fun. They sign when they know the molecules are coming. Same rule as Gunvor in the Haynesville watch what's bought, not what's said. Add it to the map Petrobras in Campos, Shell in Venezuela, Gunvor in US shale, now $3B into Vaca Muerta. 4 deals, 1 direction energy capital is rotating to the Atlantic, where barrels never meet a chokepoint. The Gulf has the crisis. The Atlantic has the order book. I wrote an article on my favourite stock in the Argentinian oil&gas industry, link in replies

They are

WATCH: Man rescued from the rubble of a home in Streator, Illinois following the tornado.

Washburn, IL tornado today #ilwx

GO TEAM USA!

🏆🇦🇷

The May CPI was 2.1%, the lowest since September 2015. Inflation continues to fall! VLLC!

Everyone's is a free-stater to them if they *actually like* NH. If you DON'T think NH is a "dystopian nightmare", that means you're a free-stater. Idea for Buckley and other dems: If you hate NH so much, why not get out of here?

🚨 JUST IN: COUNTRY RISK PLUNGES TO LOWEST IN 8 YEARS AFTER S&P UPGRADE Argentine country risk dropped hard today, falling more than 45 points to 456 basis points — the lowest level in 8 years.