Despite the ongoing euro-zone crisis, the looming fiscal cliff and a drop back in the value of their financial assets, US households actually increased their debts in the second quarter by $74bn at an...

The sheer size of the Fed’s QE3 policy becomes even more apparent when it is compared to the policies of other central banks. Although we doubt that QE3 will set the US economy alight, the greater...

The annual growth rates of the various broad money aggregates have slowed recently, but they will accelerate again as the Fed restarts its quantitative easing, this time purchasing $40bn of mortgage...

The fall in the real median household income to a 16-year low in 2011 means that many Americans are worse off now than they were when President Obama first took office. But the whole economy is...