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.
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/