After incorporating the revisions to the historical GDP figures, America's recent productivity performance looks even worse. The stagnation in productivity isn't going to have any major impact on Fed...

Despite the recession in Europe and the slowdown in economic growth in China, the US current account deficit has continued to narrow. Our calculations suggest that in the second quarter it hit a 15...

The Fed's continuing monthly asset purchases haven't prevented a further slowdown in the growth rate of the narrow M1 monetary aggregate, although our measure of the M3 aggregate suggests that broad...

The latest signs that economic growth is gathering momentum are especially encouraging as they imply that a broad-based improvement in domestic demand may be underway. A continuation of the housing...