The system that is used to measure a nation’s economy is so complex that it would take a group of national-accounts experts to even attempt to forge the data.
There are two quiet trends at work in the market for U.S. debt that analysts normally do not pay attention to. They should: if these trends continue, there will be turmoil in the market.
There is a big need for structural reforms to the Slovakian welfare state. Such reforms require a level of political leadership that Europe so far has only seen in Hungary.
Questions have been raised about the veracity of the IMF report showing Russian economy outperforming the West. But it is extremely difficult to falsify GDP data.
We Americans hate compromises. If we can’t get everything today, we invent a way to get everything tomorrow. That is why we love our trucks.
Despite differences in inflation rates and macroeconomic trends, many central banks make their policy decisions based on what the Federal Reserve does.
Finally, the U.S. Treasury is doing something to curb the rise in debt costs. But is it too late already to prevent a fiscal crisis in America?
This was a bold move by one of Europe’s best-run monetary authorities.
Those who expect a U.S. recession will have to wait a little longer, but there are some details in the latest GDP numbers that suggest an economic downturn is indeed on its way.
Many Republicans have declared Trump the presumptive winner of the Republican primaries. They may have spoken too soon. New Hampshire opened a victory path for Nikki Haley.
Finnish unions threaten to strike in February over government cuts to social benefits. They forget the massive, destructive government growth that took place 15 years ago.
The ECB chief just ruled out raising interest rates. This is a big mistake that can cost the euro zone dearly in the coming recession.