United States

Editor's note: The following press release was issued by the FDIC last week regarding bank accounting gains in the quarter through 31 March.

As I mentioned in an earlier post on Europe, a slew of manufacturing data was released today. When I wrote the first post, Europe and Asia had been released but the US had not. SInce then, the US numbers came out showing a shock…

One of the most contentious topics in America is the impact of the Federal Reserve’s policy of “Quantitative Easing” – otherwise known as ‘QE’. The Federal Reserve has committed to spending $85 billion every month buying a wide range of…

Economic growth is good. But what we want to see is job and wage growth to complement the asset-price growth. Without this catch up on the job and income front, the economy is on an unsustainable course.

One of the striking aspects of the Senate Permanent Subcommittee on Investigations hearing on Apple's aggressive tax-avoidance strategies is the way the Senators bent over backwards to declare Apple love even as they poked and prodded at…

Moody's has changed its outlook on the U.S. banking system to stable from negative, reflecting continued improvement in the operating environment and reduced downside risks to the banks from a faltering economy, says Moody's Investors…

I have two topics I want to highlight this morning. First, there are the US housing inflation numbers from Case Shiller, which are at a 7-year high. Then there is the fiscal drag in the US, Denmark, the UK, the Euro Zone and Canada. What I…

So QE cannot possibly offset the effects of fiscal tightening in the lives of ordinary working people - the largest part of the population. In fact because it seems to discourage productive corporate investment, it may even reinforce…

I am not a fan of quantitative easing or zero rates. I think that is clear from my posts over the past 4 years. Nevertheless, I do like to link out to posts that put QE and zero rates in a more favourable light because we need to get a…

Retail savers in the US are abandoning certificates of deposits (CDs). The amount of CDs outstanding that are $100K or smaller has been on a sharp decline since the recession and is now at the lowest level since the Fed began keeping track…