The Bureau of Economic Analysis (BEA) released their third estimate for the first quarter of 2025 real GDP which declined at an annual rate of 0.5%. Private fixed investment was strong but was outweighed by the negative impact of imports in anticipation of higher domestic tariffs. The price index for gross domestic purchases increased by 3.4%. READ MORE
Atlanta Fed’s GDPNow, DOGE, and Secretary of Treasury Bessent
The Federal Reserve Bank of Atlanta maintains a short-term economic model that they call GDPNow. The Atlanta Fed describes it as a “running estimate of real GDP growth based on available economic data for the current measured quarter.” During the last week, the estimate…. READ MORE
Brave New World of Artificial Intelligence
There has been much in the media during the last two weeks about artificial intelligence (AI). The capital expenditure plans are enormous READ MORE
Will Tariffs Work?
The second Trump administration plans to make tariffs an important part of US economic policy. There are multiple reasons for higher tariffs on foreign goods, as the Trump administration sees it. READ MORE
US Politics and BRICS
We have a national election on November 5. RealClearPolitics.com has a subsite called RealClearPolling.com where they track different polls and betting websites for the election. READ MORE