It looks like President Obama. If so, would he get more than one term? Would he really appoint Republicans to his cabinet? And does this mean Palin is favourite for 2012?

The financial crisis is threatening American economic hegemony and already the next challenger for global influence—China—is taking advantage.

Obama has been winning the debates and is striding ahead in the polls—which is why he now has more to fear than ever before

Shares have been in a bear market for years. We just haven't noticed until now

The credit crunch was an accident waiting to happen, thanks to a long period of benign market conditions which encouraged riskier behaviour by financiers. But how did problems in the US mortgage market spread to become a crisis of bank…

The US economy is slowing down, but the long-term trends for the country are more favourable than many think. There has also been a sharp improvement in many of America's social pathologies, such as violent crime and drug abuse

The wobble in global markets illustrates the dilemma of regulation: do nothing and you face disaster; bail out speculators and you encourage more recklessness

JK Galbraith's real skill lay not in economic theorising but in public commentary

The dollar's reign as the world's undisputed reserve currency could be drawing to a close

Bill Clinton's former chief economic adviser revisits the 1990s debates on deficits and balanced budgets

America's shareholder-driven business model has curbed its excesses and remains the most effective system of wealth creation.

The American business model is both unattractive and inaccurate. Market economies work only when embedded in social institutions