Policymakers were back in the spotlight last week, with hopes growing that we could now see further monetary and fiscal stimulus. Unfortunately, we doubt that the Fed will have much success with what...

President Obama's newly proposed $450bn job creation bill is equivalent to nearly 3% of GDP, so if it was passed by Congress as it stands it would certainly have a significant impact on GDP growth in...

On balance, we still think that the acceleration in core inflation will prevent the Fed from undertaking a third round of quantitative easing, even after the disappointing August payrolls figures. The...

By the end of this year, it will be five years since the housing bubble burst. Given that the economy is likely to grow by no more than 2% this year, the US is only halfway through a lost decade. What...