Wall Steet


Obama provides hope for Wall St change

“Normalcy cannot lead to complacency”. That key line in Barack Obama’s speech one year on from the Lehman Brothers collapse goes to the heart of why financial reform hasn’t worked in the past, says James Surowiecki.

Green shoots or another mirage?

The US housing market appears like it might be stablising, with house prices up for the first time in three years. A weary Wall Street was glad for the news, but expects a gradual recovery.