The rise in consumer confidence to a five-year high in November can’t be explained by developments in equity prices, gasoline prices, the labour market or the housing market. As such, it’s no surprise...

The household debt to disposable income ratio fell to a nine-year low of 113% in the third quarter, down from a peak of 134%. The deleveraging process will continue for a few more years, although with...

2013 could be the year in which a number of factors that have been holding back the US economic recovery are removed. This doesn’t mean the economy will soon start firing on all cylinders. But it does...

The rebound in domestic production of both crude oil and natural gas has led to increased speculation that America could become energy independent. The US will become progressively less reliant on oil...