It is striking just how quickly the easing in demand in Europe and certain parts of Asia has taken a toll on America’s industrial recovery. Thankfully, other parts of the economy have been affected by...

The sharp deterioration in America’s net international investment position last year could be alarming as this is a key indicator of future financial crises. But a closer inspection shows that the US...

A further fall in gasoline prices to close to $3 a gallon, from a recent peak of $4, will provide a near-term kick to real consumption growth just at a time when it appears to be fading fast. But a...

The Fed appears to be edging closer to launching a third round of asset purchases (QE3), but it will not pull the trigger unless the economy loses more momentum and/or the threat to US financial...