Americas: The US stamps its authority

Author: | Published: 10 Jul 2013

Which country's reputation has taken the biggest hit in business circles over recent years? Surely, the US is second to none. The once-undisputed financial superpower has suffered an unrivalled fall from grace. This past month, however, has provided some stark reminders that the US's legacy of global leadership and influence is difficult to erase.

Bernanke First was Federal Reserve chairman Ben Bernanke's now infamous June 19 speech in which he hinted the regulator might scale back its bond-buying programme. Not only did the clues spark massive and immediate sell-offs across the US – with bond and equity prices plunging –...