The annual growth rate of our measure of the broadest M3 monetary aggregate hit a three-and-a-half-year high of 6.4% in December, with the growth rates of the narrower M1 and M2 aggregates also...

The fanciful idea that the US Treasury could circumvent the debt ceiling by minting a $1trn platinum coin suddenly exploded in popularity last week. This is never going to happen. One question that...

The inclusion later this year of capitalised research and development (R&D) expenditure in the national accounts will boost the level of GDP by up to 3%, with most of that additional spending being...

Even if US oil and gas production does continue to expand at the breakneck pace seen over the past few years, the overall impact on GDP growth will be muted. The mining sector as a whole accounted for...