Rumours of the demise of the US economy have been greatly exaggerated. The run of weaker economic data hasn't shaken our belief that, now credit is flowing more freely and the fiscal drag has faded...

At first glance, the recent monthly construction spending figures look awful. The three-month-on-three-month growth rate of residential construction spending at least climbed back into positive...

In an attempt to justify leaving the fed funds rate at near-zero until some time later this year, Fed Chair Janet Yellen last week hinted that she thought the current equilibrium (or neutral) real...

The recent weakness in durable goods orders and shipments is not due to a mining-related slump triggered by the collapse in oil prices. Instead, it is principally due to a drop back in industrial...