Nominal GDP growth continues to defy traditional logic. Although many economic participants complain that the true rate of price inflation is higher than what the official numbers indicate, even when we only consider the official inflation data, nominal GDP growth levels are still mind blowing.
If we add in the most recent GDP price deflator measure of 3.2% to the Atlanta Fed’s estimates of real GDP growth of 4.3% we come in with a nominal GDP growth rate of about 7.5%. These levels sound more like the massaged data published by the governments of developing nations, rather than from the United States.
For those firms, business owners, service professionals, and landlords who have pricing power, times like these are rarely any better.
When we look at these numbers, it becomes more straightforward to understand why the value of businesses and sports teams continue to move higher. Asset pricing is reflecting reality.
No wonder why wage earners and pensioners can’t keep up. Both real and nominal GDP levels continue to grow so quickly, because the sectors responsible for this growth are overwhelming everything else. In essence, the war and tech sectors have essentially become one big steamroller that is creating excess demand for limited supply.
When we subtract AI and war from the overall economy, real GDP growth in other areas is actually in contraction. There’s more anecdotal evidence of third world nation rioting, because of lack of oil and supplies.
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2026 is 4.3 percent on May 21, up from 4.0 percent on May 14. After recent releases from the US Census Bureau and the Federal Reserve Board of Governors, the nowcasts of second-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth increased from 2.7 percent and 10.2 percent, respectively, to 2.9 percent and 11.4 percent.
The next GDPNow update is Thursday, May 28. Please see the “Release Dates” tab for a list of upcoming releases.
The update to Rerum Novarum that I have been waiting for:
https://www.vaticannews.va/en/pope/news/2026-05/pope-leo-xiv-magnifica-humanitas-presentation-ai-disarmament.html
The Pope will also be collecting a medal of some sort on July 3, just prior to the ceremonies of July 4. Who is Number 1?
Quote:
[The Holy Father called for cooperation among nations, institutions, technology developers, and those most affected by technological systems in order to ensure that advances in artificial intelligence benefit the entire human family rather than “a privileged few.”
A “civilisation of love”
Pope Leo XIV reaffirmed the Church’s desire to contribute “with humility and frankness” to global conversations on artificial intelligence, not by offering technical expertise, but by safeguarding a vision of the human person rooted in dignity, conscience and openness to God.
Inviting all people to become “artisans of hope,” the Pope urged believers and non-believers alike to work together toward “a more human and fraternal society.”]
The pope is properly preparing the Catholic laity for the global end times. According to the Church, AI is something that transcends national borders and needs to be addressed globally. He uses the proper new age buzz phrases.
I had gotten through to 90. I have to pick the rest up later but it’s as you say, peppered with buzzwords. Solidaity, subsidarity, social justice and the Churchs’ Social Doctrine. The Pope makes many references to the church as She – we know she is the woman with the cup pouring out her wine via the magisterium. Catholics hang their hat on this stuff.
Nothing much
FHFA House Price Index (MoM) (Mar)
Act: 0.1% Cons: 0.1% Prev: -0.1%
FHFA House Price Index (YoY) (Mar)
Act: 1.7% Prev: 1.7%
FHFA House Price Index (Mar)
Act: 441.5 Prev: 441.2
S&P/CS HPI Composite – 20 s.a. (MoM) (Mar)
Act: -0.2% Prev: -0.1%
S&P/CS HPI Composite – 20 n.s.a. (YoY) (Mar)
Act: 0.8% Cons: 0.9% Prev: 0.9%
S&P/CS HPI Composite – 20 n.s.a. (MoM) (Mar)
Act: 1.0% Prev: 0.4%
I estimate that the 2,000th anniversary of Jesus’s death, burial, and Resurrection is most likely 31 AD. It may be earlier. That gives us five years. Prepare. That will be the end of the 6th day.
This is what this collective oligarchy is most concerned about. The aliens are Michael and his angels, Wormwood, and the two witnesses who prepare the way for Father Yahweh to finish up the timeline for this age.
Islam with its Quran and all of the other religions and their texts are talmudic and demonic frauds. Yahweh abhors religion.
How do you prepare ?
All the tank bottom Doomers forgot about the 250th USA anniversary celebration coming up. Trump is going to need some really good news for that. He got gas prices up for the summer time so that Hormuz hoax should be coming to an end.
It’s interesting. Regardless of what happens, whether it’s fake or real, the asset owners always win. They always win. They consolidate the wealth and power over the masses, all the while, they use their establishment media and the puppets in the alternative media claim that everything’s on the precipice of collapse.
There’s always a reason for collapse. I remember reading all about this in your early 2000s. That’s about 25 years ago. I remember back in the early 90s with the bankruptcy of Orange County. I remember Soros betting against the British pound. All the while, they were preachers screaming gloom and doom.
We could be getting close to World War 3 and it seems to be that way. We could be very close to a nuclear take out of washington. We seem to be getting close to wormwood. But until any of those happen, the asset owners will win. What’s worse is that even the asset owners will win after those things. We’ll all just have to take the mark to prove our loyalty.
you have the world cup…fifa WK 26…Do you even understand what this is in europe ? or south and mid america ? Asia ? Africa ???? Do you americans even understand what this is ???
Great opportunity for a false flag, sounds like.
It’s always a good day for a false flag. I suspect the Staten Island dock explosion as well as this ongoing problem in Orange County could both be sabotage.
Sounds like Kyle Busch received his full allotment of the covid bioweapon injections. Although it allowed him to race uninterrupted during the covid scam, he eventually lost out on many other races. It’s interesting how a 41-year-old just happens to die from a “serious illness.”
Kyle Busch Reportedly Collapsed While In The Racing Simulator The Day Before He Passed Away
https://www.whiskeyriff.com/2026/05/21/kyle-busch-reportedly-collapsed-while-in-the-racing-simulator-the-day-before-he-passed-away/