While the health of European banks is once again in question, the financial crisis is becoming a distant memory for US banks. So far this year, they have enjoyed a decent rise in net income. Moreover...

Our Capital Economics' measure of M3 is falling year-on-year, albeit at a slower rate. The M2 aggregate is growing at an unusually slow pace, and credit is contracting. Over the past 12 months, the 3...

Fears that the Fed has put the economy on the path towards rampant inflation looked even more misguided last week when it was announced that core CPI inflation fell to a record low of just 0.6% in...

The Fed's quantitative easing may be unconventional, but it is designed to work through the same channels as conventional changes in short-term interest rates; by lowering long-term interest rates...