Although the US is running a budget deficit equal to 9% of GDP and a current account deficit of 3% of GDP, its net external liabilities at 17% of GDP are not actually that large. Last year, they even...

The sharp drop back in energy prices last week should provide a much needed boost to real consumption in the third quarter. Unfortunately, that boost from falling prices will only be temporary...

The statement issued today after the end of the two-day FOMC meeting offered no hint that the recent signs of a renewed economic slowdown might tempt the Fed to launch another round of large-scale...

Even though the number of Google searches for "double dip recession" has surged and the old fashioned misery index has increased to a 28-year high, Americans are probably not quite as gloomy as those...