When it comes to global finance, United States not only dominates the global markets but other countries are equally eager to listen what Bush administration has to say on the issue. Struggling with sluggish growth rate and mounting inflation threat at home the bush administration has appointed Henry Paulson as its top financial diplomat to boost the U.S. role in global economy. And the U.S. has never been shy to express its intention to provide leadership in the world economy at any cost. The U.S. Treasury Secretary Henry Paulson has recently tried to repress concerns about markets. He has said in Tokyo that the global economy is as strong as he’s ever seen and that reforms in China would help lessen market volatility. Apparently Paulson is in quest of restoring investor confidence after a stock-market slump that erased $3.3 trillion in global market value. The U.S. diplomat also predicted stable growth for the U.S. economy; however he made no comments on the yen or financial markets which are on edge after more than a week of chaos. The South Korea’s finance ministry in its official communique has said, ‘Secretary Paulson assessed that the U.S. economy was successfully entering into a stable growth path, despite a slump in the U.S. real estate market’. Now this almost thumbs rule that market forces eventually rule the bourses on global basis, free from interventions from any government. Therefore in a time when the when investors remain uncertain of the future course following the huge sell-off in stocks worldwide last week, few right words from the right person can certainly make a big and deep impact.