The incoming economic data have been a lot more mixed recently, with the awful performance of exports and manufacturing, both dragged down by the dollar’s strength, now being compounded by a slowdown...

Although America’s current account deficit is still a modest 2.4% of GDP, well below the 6.3% peak reached in late 2005, net external debt has more than quadrupled since mid-2007. Liabilities to...

The annual growth rate of our M3 money measure accelerated to a five-month high of 5.6% in August, from 5.2%. The growth rates of the narrower M1 and M2 monetary aggregates are even higher.

This week it will be uncertainty over fiscal policy and a possible Federal government shutdown that dominates the headlines. Congress needs to pass a continuing spending resolution by the end of...