Since the 1980s, the US has developed a form of finance-led capitalism in which growth has been highly dependent on credit expansion and asset bubbles. Profitability has steadily climbed, and there has been a massive redistribution of income in favour of the top 1% of income earners. But the...

With economic growth having cooled to less than 1 percent in the first quarter of 2007, the economy can ill afford a slump in consumption by the American household. But it now appears that the household sector could finally give in to the pressures of rising gasoline prices, a weakening home...

The capital consists of savings, loans, FDI, and DDI and is important production factors. The contribution of savings and loans are estimated using panel regression and Generalized Method of Moment (GMM). The results show that savings and loans (investment, working capital, and consumption) have...