We are not convinced by suggestions that, due to either income being under recorded or based on alternative ways of measuring savings, the true household saving rate is much higher than the published...

The Fed put off making changes to its communications strategy and potentially announcing a third round of quantitative easing until the new year.

The economy's slow deleveraging continued in the third quarter, with total debt falling to a four-year low of 340% of GDP down from a peak of 373% in the first quarter of 2009.

The announcement last Wednesday of coordinated action by the Fed, ECB and other central banks to boost global dollar liquidity certainly had a big impact on financial markets. The announced changes...