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US Grows Only 1.5% In Q2, Badly Missing Estimates, Despite Strong Spending, Investment
US Grows Only 1.5% In Q2, Badly Missing Estimates, Despite Strong Spending, Investment
The US economy grew at a far weaker than expected pace in the second quarter despite a pickup in consumer spending and solid business investment. According to the BEA, GDP (inflation adjusted) rose just 1.5% in the period, according to the first estimate issued Thursday by the Bureau of Economic Analysis. This was well below the 2.0% median estimate.
The contributors to the increase in real GDP in the second quarter were increases in consumer spending, investment, and exports...
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Jul 31, 2026 / Tyler Durden
Argentina's Milei Borrows Warren Buffett's Idea To Punish Deficit-Spending Politicians
Argentina's Milei Borrows Warren Buffett's Idea To Punish Deficit-Spending Politicians
More than two years after campaigning to "blow up" Argentina's central bank, President Javier Milei has announced his "Fiscal Shackle" bill - a permanent rule aimed at preventing Argentina from approving or maintaining budgets with fiscal deficits that could have consequences for politicians.
On Thursday, in a speech recorded at the Casa Rosada and broadcast nationwide, Milei proposed an overhaul that would restore the Central Bank of Argentina's sole mandate of preserving the currency's value, stop direct and indirect financing of...
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Jun 3, 2026 / Dave DeCamp
Ukrainian Drones Target St. Petersburg on First Day of Economic Forum as Part of Major Drone Attack
Ukrainian drones targeted the Russian city of St. Petersburg on the first day of an annual international economic forum in the city as Ukrainian forces launched a major drone attack across several Russian regions, a day after massive Russian strikes across Ukraine. The Russian Defense Ministry said that its forces shot down a total of […]
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Jun 25, 2026 / Dave DeCamp
Vance Says Iran Agreed To Establish a Direct Line Between the IRGC and the US Military
Vice President JD Vance has said that during talks in Switzerland, Iranian officials agreed to establish a direct line of communication between Iran’s Islamic Revolutionary Guard Corps (IRGC) and the US military. Vance told Sohrab Ahmari, the US editor for UnHerd, that one of the things the US wanted to “come out” of the talks […]
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