By pointing to an acceleration in manufacturing output growth to around 8% per year, the Markit manufacturing PMI is probably a bit too upbeat. After all, it stands out as being much more optimistic...

Thanks to the recent pick up in overseas activity and the fall in the dollar, the outlook for US exporters has brightened. But without a major turnaround in economic activity in the euro-zone, export...

The expiry of the payroll tax cut could easily bring the acceleration in consumption growth over the second half of last year to a juddering halt this January. Some of the blow to real incomes will be...

Regardless of how the current debt ceiling negotiations pan out, the bigger problem is that there has been an almost complete breakdown in the working relationship between both sides in Congress. As a...