The unusual gap that has opened up between the economic performance of small firms and the performance of small-cap equity indices is more likely to be closed by a rise in equity prices. After all...

The Federal Reserve's third-quarter financial accounts help to dispel two myths about the recovery. First, the pick-up in GDP growth over the past few quarters is not being driven by a renewed boom in...

The NFIB small business survey is more useful than the JOLTs survey since it tells us what is going to happen to labour market conditions rather than what has just happened. It suggests that payrolls...

There is a good chance that Congress will pass an omnibus spending bill this week, which should keep most of the Federal government funded until next October. We still think it is unlikely that there...