The US economy grew reasonably fast during the last quarter of 2010, and the general expectation is that satisfactory growth will continue in 2011-12. The expansion may, indeed, continue into 2013. But with large deficits in both the government and foreign sectors, satisfactory growth in the...

This Strategic Analysis paper provides an analysis of the medium-term forces behind economic growth since 1980, showing that the authors' previous work, grounded in the linkages between growth and the financial balances of the private, public, and foreign sectors of the economy, has proven a...