The sharp drop in State and Local (S&L) government investment has had a smaller adverse impact on the unemployment rate than might have been expected. The ongoing fiscal consolidation may therefore...

It now appears that GDP growth will slow to around 1.8% in the second quarter, but we should see a pick-up in the second half of this year. The slowdown is probably a delayed reaction to the tax hikes...

The Fed’s latest US Financial Accounts (formerly known as the Flow of Funds Accounts) highlight that in a few years’ time, US households will be well placed to contribute to a prolonged period of...

There does appear to be a localised bubble in farmland values in the corn belt. Near-zero interest rates have undoubtedly played some role in this, but the bigger factor has been the surge in corn and...