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Afghanistan: America's Trillion Dollar War

Afghanistan: America's Trillion Dollar War

16 years since the Bush administration launched its military intervention in Afghanistan, President Trump has announced his intention to increase the U.S. military presence in the country. As Statista's Niall McCarthy notes, there are approximately 8,400 U.S. troops on the ground in Afghanistan and reinforcements could start arriving within days. Trump's new strategy is set to extend the longest war in U.S. history and add even further to its already staggering cost.

Goldman Says Hurricane Harvey Will Reduce Q3 GDP; JPMorgan Says It Will Boost It

Goldman Says Hurricane Harvey Will Reduce Q3 GDP; JPMorgan Says It Will Boost It

There are still two to three days before the peak flooding - and damage - in Houston arrives, yet already Wall Street is trying to calculate how much the worst natural disaster in decades befalling the 4th largest American city will impact US GDP. Or rather boost it, because in two notes out late in the day Monday, one from Goldman and one from JPM, the authors come to two polar opposite conclusions: Goldman claims that the Houston natural disaster will reduce Q3 GDP by as much as 0.2%, while JPMorgan predicts that the "net impact on Q3 and Q4 GDP should be positive."

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