So much for the doom porn from the media about the US economy collapsing due to Trump’s tariffs! The US economy (real GDP) in Q2 is still growing at 2.9%.
Latest estimate: 2.9 percent — June 27, 2025
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.9 percent on June 27, down from 3.4 percent on June 18. After recent releases from the US Census Bureau and the US Bureau of Economic Analysis, an increase in the nowcast of the contribution of net exports to second-quarter real GDP growth from 2.07 percentage points to 3.49 percentage points was more than offset by a decrease in the nowcasted GDP growth contribution of inventory investment from -0.42 percentage points to -2.22 percentage points.
Here is the data.
And with Democratic Socialist (aka, Communist) Zohran Mamdani winning the Democratic nomination for mayor, New York City will likely become the new Detroit.
Confounded Interest - Anthony B. Sanders 
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