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By A.I.
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As economist Jason Furman pointed out, 250 years ago the Continental Congress created a brand-new currency and authorized the printing of $2 million worth to help George Washington pay his soldiers and procure weapons and supplies for the war effort.
Markets: Until now, Wall Street has mostly shrugged off the Israel–Iran conflict in the Middle East, with the S&P 500 and NASDAQ closing just a hair lower for the week on Friday. But, investors’ thinking might—or might not—change this coming week, after the US entered the war on Saturday with strikes on key Iranian nuclear infrastructure.
And, eyes are on oil prices, which, due to the war, are having their most volatile stretch since Russia invaded Ukraine in 2022.
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Filed under: "Ask-an-Advisor", economics, finance, Funding Basics, Investing, Portfolio Management | Tagged: Iran, Jason Furman, money, NASDAQ, oil, Russia, S&P 500, Washington | Leave a comment »
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