Secretary of the US Treasury, Timothy Geithner, has informed Congress that the Obama administration is preparing to submit proposals for reform of the US financial market. This is an attempt to enact measures that will avoid repetition of the Crash of 2008, by reducing “systemic risk”. Although billed as one of the most significant reforms […]

Federal Reserve flow of funds table F.107 (Rest of the World) showed that foreign investors — that for many years had been the primary support of US bond and commercial paper markets — were conspicuously absent. […]

Despite a seemingly fatal blow from the Crash of 2008, stock buybacks live on, like the creature at the end of a horror film, whose sinister claws rises from the muck, just as the good guys are celebrating victory over evil. […]