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According to the Atlanta Fed’s GDP Now REAL time model, Q3 Real GDP is 5%. The subcomponents of GDP growth are as follows: So much for the doom and gloom of Trump’s tariff “war” or Trump’s Iran “war.” 5% Real GDP growth is outstanding! And The Fed keeps on printing money (M2)! Keep on printin’! The Q3 Real GDP report is so good, I feel like yodeling!

The federal government is now acting as regulator, customer, financier, and shareholder. Decisions involving contracts, trade restrictions, permits, and additional subsidies can affect the value of its holdings. Competitors have reason to question whether the playing field is level. And if a portfolio company falters, Washington will have an added incentive to protect its investment with more taxpayer support.

A LinkedIn post shared by George Kollitides, head of the Pentagon’s Economic Defense Unit (EDU), gives it a more troubling meaning. The post by a mining executive described Washington as the “state as limited partner” and declared that “sovereign backing is now a competitive variable.” Companies receiving federal equity investments or debt guarantees, it says, “will have easier access to offtake agreements, permitting support, and follow-on institutional capital.” Meanwhile, “projects without state alignment will face higher hurdles, regardless of grade or jurisdiction.” Those words came from the mining executive, but Kollitides chose to amplify them. Read alongside Feinberg’s warning, they...

Narrative violation. WSJ today.

The 2026 midterm elections are 100 days away as Republicans and Democrats will battle in Congress and statehouses across the country for control over the future of the country in what is expected to be a contentious and expensive campaign season. Republicans currently hold narrow majorities in both chambers of Congress, controlling the House with a razor-thin 218-212 edge, with one independent and four vacancies, and the Senate with a 53-47 advantage, including two independents who caucus with Democrats. With every House seat and 35 Senate seats on the ballot, Democrats need a net gain of just six House seats...

The first half of the interview is Musk at his most visionary: highly optimistic about production, robotics, space exploration and abundance, while admitting genuine AI danger. The second half is much more defensive and combative. The interviewer presses him on concentrated power, Ukraine, DOGE, immigration and his influence over European politics. Neither side meaningfully changes the other’s position. The single biggest takeaway is that Musk no longer talks about AI primarily as a technology product. He treats AI plus robotics as a near-term replacement for the existing economic system itself—including employment, scarcity, wages, money and ultimately human control. https://elonmuskarchive.org/video/economist-elon-musk-2026-07-23

Sunday on “The Alex Marlow Show,” Kelly Loeffler, the Small Business Administrator, talked about business formation. Loffler said, “We have record all time business formation in America. Just announced about on average the last six months on average about 513,000 new business formations each and every month.” The Alex Marlow Show, hosted by Breitbart Editor-in-Chief Alex Marlow, broadcasts coast to coast on weekdays from noon to 1 p.m. Eastern on the Salem Radio Network stations. You can listen to the radio show online here. The show also airs at 9 p.m. Eastern on the Salem TV news channel. Marlow’s podcast,...

A recent article from The Cut received a huge amount of attention: ‘It’s Hard to See My Parents Live So Lavishly While We’re Struggling’. The piece includes vignettes of Millenial hardship:…his dad, Steve, sold his company to a private equity firm about five years ago, which enabled him to retire comfortably in his mid-60s…Two years ago, Joe asked his dad for a loan. He wanted to start a lawn-care business and needed capital for commercial-grade equipment and a trailer, at least $15,000. He presented Steve with his business plan, which included a schedule to pay back the money. Still, Steve...

This video explores the reasons behind the European Union's current economic struggles compared to the United States and China. The continent is facing a "moment of reckoning" characterized by low productivity, a reliance on traditional industries, and a lack of investment in transformative digital technologies. Key Takeaways: Economic Stagnation: The EU economy is estimated to be roughly 18% smaller than it might have been, resulting in a €3 trillion shortfall in annual income (0:36-0:45, 4:11-4:20). The Draghi Report: Former ECB president Mario Draghi warned that Europe's competitiveness is weak. He emphasized that the EU must invest hundreds of billions of...

Bank of America (BAC) CEO Brian Moynihan said the US economy was strong and that consumers remained resilient as the company reported a jump in its second-quarter profit on Tuesday."The U.S. economy has proved more durable than expected, supported by the strong consumer, ongoing AI-driven investments across the board, and easing energy costs," Moynihan said during the bank's post earnings conference call. Bank of America stock rose 2% in morning trading after the bank's profit jumped 27% last quarter to $9.1 bilion, with net income growth across every business segment. The results came as investors look for signs on how...

Inflation slowed more than expected in June, easing to an annual rate of 3.5% from 4.2% in May as lower gasoline prices helped cool price growth, according to Labor Department data released Tuesday. By the numbers Economists polled by the financial data firm FactSet predicted June inflation would rise at an annual rate of 3.9%. The cooler reading comes after three consecutive months of increases that pushed the CPI to its highest level in more than three years. Inflation slowed as a result of declining energy prices, with gasoline prices tumbling 9.7% in June from a month earlier. June's decline...

The Trump administration on Monday announced sweeping new banking rules aimed at cracking down on lending to illegal immigrants, requiring lenders to consider that borrowers without legal work authorization may pose “elevated credit risk,” a move that supporters say could improve housing affordability for Americans. The rules require banks and credit unions to account for the possibility that an illegal immigrant borrower could lose his job, be unable to find lawful work, or be removed from the country before repaying a mortgage, auto loan, credit-card balance, or other debt. The Office of the Comptroller of the Currency, the Federal Deposit...

Ninety-five per cent of Americans believe the US is suffering an affordability crisis, as many report trouble with the rising cost of groceries and gas, according to a survey, conducted by Harris Poll. Despite stable employment and record-high stock markets, more Americans believe the overall economy is getting worse (57%) than in February (46%), when the poll was last conducted and before the war in the Middle East sent gas prices soaring. Fewer people today also believe the economy is getting better (16%, compared with 28% in February) and more say their financial security has gotten worse. Even rural Americans,...

A draft report inside the Treasury Department is set to warn of the risks posed by the artificial intelligence market, likening key aspects of it to the dotcom bubble that upended the U.S. economy when it burst in the early 2000s. The document, the existence and contents of which have not been previously reported but was obtained by NOTUS, is a significant departure from the Trump administration’s public tone, which has focused on encouraging unrelenting investment to unlock exponential growth. Career Treasury analysts found that AI firms are more deeply entrenched in the U.S. economy than their dotcom predecessors and...

Defense Secretary Pete Hegseth was the Trump administration’s frontman for waging war on Iran during weeks of kinetic operations aimed at decimating its nuclear threat. Since President Trump signed a memorandum of understanding (MOU) with Iran to end the war, without securing significant concessions on its missile or nuclear stockpiles, Hegseth has said little about the shift in strategy — as Vice President Vance takes the spotlight in defending the tenuous diplomacy. The public positioning of the top Trump advisers reflects reporting on their private counsel to the commander in chief, with Trump saying in March that Hegseth was “the...

Russia’s top banker has called on Vladimir Putin to end the war in Ukraine, warning that the four-year-old conflict is dragging the country into economic collapse. German Gref, head of the state-controlled Sberbank, said ordinary Russians are increasingly feeling the economic effects of the war, which are being worsened by Ukrainian drone strikes on Russia’s oil refineries. “I think we are all worried about the same thing. I don’t believe there is anyone in this country whose primary concern is anything other than an end to military hostilities as soon as possible,” Gref told state TV on Tuesday, as reported...

In the choice between thriving capitalism and over-taxed regulatory hell, money speaks louder than Eurocratic political hype. The American economy is leaving Europe behind. It is happening in real time, and nothing can stop it. America has chosen the future; Europe has chosen its own demise. This is not just a slogan. It is the cold, hard truth visible in stack upon stack of economic statistics. The fact that Europe’s political leadership remains blind, deaf, and willfully ignorant of the economic decline of their continent is one of history’s many self-imposed tragedies. Few numbers are as devastating to a nation’s...

Wages and salaries for U.S. workers make up the smallest share of economic output in history, according to records going back to 1947. The U.S. as a whole gets more prosperous every year—but less and less of that prosperity is showing up in workers' paychecks. That's according to fresh analysis by researchers at the Federal Reserve Bank of New York. In a blog post on Wednesday, the researchers highlighted the declining share of the nation's economic output going to workers in the form of wages and salaries, as opposed to corporate profits and capital. Why have workers taken home a...

Ten years following the landmark vote, the EU's former Brexit negotiator said the bloc's door is open to the UK, but that London "cannot cherry-pick" EU policies. Former European Union Brexit negotiator Michel Barnier told Euronews that it is up to the United Kingdom to decide whether it would want to rejoin the bloc, but that Brussels has made its conditions clear. His comments come ten years after the UK voted to leave the EU by 52% to 48%, and at a time when polling shows a clear majority of the British public, across party lines, views doing so as...

Jack Clark discusses Anthropic's regulatory fights, the possibility of recursive self-improvement, and how AI could reshape the economy.Today's guest is He's the co-founder of the artificial intelligence company behind Claudeand the head of its newly launched , a forum designed to think through the philosophical, political, and practical challenges that AI poses to society. Nick Gillespie talks with Clark, a former tech journalist at and , about his company's with the Trump administration; whether Anthropic should have held back Mythos, its superpowerful version, from general release; and what might happen if and when AI becomes fully capable of "," or...