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...

In the end, the Fed opted to extend its Maturity Extension Programme (aka Operation Twist) for another six months, but there was no new large-scale asset purchase programme (QE3). Nevertheless, the...