The Cypriot bank bailout, which imposed losses on bondholders and large depositors, is never likely to be repeated in the US. For a start, while the Cypriot banking system is equivalent to a massive...

Despite endless claims that the US is hopelessly indebted to foreigners, which will eventually lead to a collapse in the dollar and/or rampant inflation, its net external liabilities are actually...

Renewed falls in vehicle prices probably won’t reduce CPI inflation by much. But, along with the latest drop in financing rates and loosening in loan criteria, they provide support to our view that...

We are heartened by the recent signs that economic growth is being driven by more sustainable domestic forces rather than potentially temporary overseas influences. This leaves the economy well placed...