The U.S. Recovery Has Been Spectacular*

We need a real recovery. That's what Mitt Romney said during the campaign, and he was right. Five years since the start of the Great Recession, unemployment is still far too high. It's not for a lack of optimism among policymakers. As Evan Soltas pointed out, the Federal Reserve keeps predicting that prosperity is just around the corner, only to find it's not. Catchup growth is the new Godot. FULL STORY *Compared to almost every other rich country and almost every other financial crisis.

US to become world's top oil producer by 2017

The United States will become the world’s top oil producer by 2017, according to the annual long-term report by the International Energy Agency (IEA). The US will surpass both Saudi Arabia and Russia, and will come close to achieving self-sufficiency... FULL STORY