The August Survey of Professional Forecasters is out:
Figure 1: GDP (bold black), Survey of Professional Forecasters (blue), GDPNow of 8/14 (light blue square), NY Fed nowcast of 8/14 (red triangle), GS tracking of 8/14 (purple +), all in bn.Ch.2017$ SAAR. Source: BEA 2026Q2 advance, Atlanta Fed, NY Fed, GS, Philadelphia Fed, and author’s calculations.
“Iran and the US Are Trapped In a War Neither Knows How to Win” – https://www.bloomberg.com/news/articles/2026-08-14/us-iran-war-why-neither-side-knows-how-to-win
Before we say the US gets trapped in forever wars – maybe we should drill down and find out who gets us into these wars since Vietnam ? Answer: old white Republican men. The U.S.-led war in Afghanistan started under U.S. President George W. Bush. Iraq War was started by U.S. President George W. Bush, who ordered the invasion of Iraq on March 19, 2003. The war with Iran was initiated during the second term of U.S. President Donald Trump,
And whenever the Democrats get in charge and want to cut military spending and fund social programs – the Republicans start screaming about deficit spending!
Also why are Trump and Hegseth not showing us the missile strike that hit the Shajareh Tayyebeh Elementary School in Minab, Iran, killing over 150 people, including roughly 120 schoolchildren – Multiple independent journalistic, human rights, and open-source investigations concluded that the United States military is responsible. https://www.bbc.com/news/articles/cewrx0ldlkko